This video was intended to be a video analysis for NIO but quickly turned into a full blown elliot wave educational video for a follower of mine peterpecker. i go over fibonacci extensions and retracements and quickly on complex corrective structures and some rules as well. this is a quick look into elliot wave theory.
I didnt go over it in the video but you can also see how elliot wave with fibonacci targets actually build some of the chart patterns that we see, like the famous head and shoulders or the bull flag (seen in the complex corrective wxyxz structure i showed at the end).
its all about perspective. I hope this helps you in your trading adventures.
good luck and happy trading
Rigo
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i will be doing an actual update for NIO tomorrow night. sorry
This is great!! But technical trading is based on fundamentals - if the fundamentals change - technical trading goes out of the window. This goes both ways - bull or bear. This is perfect for the current situation that NIO is in. It can change in a heartbeat with the macro conditions changing on a daily basis.
Good job!!
DavidAllon
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good idea,nice job thank you.
sohani000
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Thank you very helpful including last night's stream was a very good idea, learnt a lot. I was wondering if you could introduce to the content mentioned in the last 20 secs of this video?
maverick1239
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Thank you for the video! Do you happen to have any pdf or other documents so I can study this more?
lisanord33
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How did you learn this? Any videos you watched that you can recommend? thank you
DrRAV
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Great job and excellent narrative...thank you for your time and work.
rigorocks
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@DrRAV, thank you very much. i do my best to get as much detail as possible as quickly as possible because i know your time is very important as well. do you think i should do an educational series?
DrRAV
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@rigorocks, That would be great. It's been over ten years since my reading on wave counts and I don't use it enough but find myself leaning towards elliot wave work when thinking about my trades and targets. If you can get me to use it more like you do then I would be the first graduate of your educational series..lol Look forward to any and all correspondence.
ppppppl
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love the work again and thank you for answering my question. I look forward to the next videos
You rock!