We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom,
Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns.
I have covered Three chart patterns in this article,
1) Triangles
2) Head and shoulders
3) Double Top and Bottom
1) Head and shoulders:
In addition, the two...
Hello, everyone!
Today we are going to spot the most important and challenging part of Trading Chaos by Bill Williams(BW) – the Elliott waves. This analysis is the most efficient in combination with other techniques of Trading Chaos. Market always moves with the waves and BW developed the conception which eliminate the uncertainty of Elliott Waves. In this...
●● Combination ( CMB ): "Double Three"
The SZ (FL) -X-T combination is the most common.
❗❗ Rules
● A "double three" combinations comprise two corrective patterns separated by one corrective pattern in the opposite direction, labeled X . (The first corrective pattern is labeled W , the second Y )
● A "double three" flat combination comprises (in order)...
Quick video to show how our Elliottwave indicator suite calculates and prints the elliottwave count, the probability pullback zones and the automated 5th wave target zone.
Here is how I count in a tight frame. Y of WXY has one more leg up to complete cycle of WXY correction or it may end right here so both are called irregular flat
We should see lower prices at BTC does not matter WXY ended here or one more leg left to go
We previously posted a trade idea using our Elliott Wave Indicator Suite on AUDUSD for potential Long 5th wave trade >>HERE<<
And it did just that!!
Great trade and using all of the indicators in our Elliott Wave Indicator Suite to setup a high probability 5th wave move
Find out more about our Elliott Wave Indicator Suite by watching the Video Tour >>>HERE<<<
Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<<
This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th...
Quick video discussing the tools included in our Elliott Wave Indicator Suite for TradingView that measure the performance of the Elliott Wave 4 Pull back.
Find out more about our Elliott Wave Indicator Suite for TradingView >>>HERE<<<
Part of our Elliott Wave Indicator suite are our 6/4MA High and Lows which are designed to allow traders a sensible entry strategy for long and short 5th wave trades.
In this example a great 5th wave trade was entered on EURUD on the 30 minute time frame using our Elliott Wave Indicator Suite for TradingView. The green arrow on the chart highlights the short...
If you have read the holy bible of elliott waves, you would know that Elliott wave guidelines suggest that you:
1. draw a straight line from end of wave 1 to end of wave 3
2. draw a parallel line from the end of wave 2 (parallel to the line we made in 1.)
3.if end of wave 4 is not on this line, adjust projection for wave 5 by drawing a parallel line to the line...
