Elliott Wave background
In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of how...
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...
Hi traders, today we want to explain why market structure analysis is as important as a good entry signal strategy.
Note: For this article, we differentiate the entry signal from the market structure analysis. In some cases, the entry signal considers also the market structure but in these cases, we could easily split the set of rules into rules to define the...
Although Elliott Wave Theory is vast subject and needs in depth study, I'm sharing a cheat sheet for those who have started to learn about the same. This should help them in understanding things better.
Also, try to correlate the cheat sheet with Nifty50 daily chart and be amazed to see how nicely the Elliott wave principles were followed there in the recent...
Things that do not follow Elliott's basic rules can be seen in wave 1 or A or B or C or wave 4. The difference between these models is in the type of microwaves, which are multi-wave.
Hello, everyone!
Last time we considered the Elliott waves 1-2-3-4-5 cycle. Today we are going to talk about correction types. Corrections contains of 3 waves A-B-C. Bill Williams recommends to trade only Simple Zigzag corrections, but we also should be able to distinguish other types of corrections. Let's go!
Simple Zigzag Correction
If you find that the...
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...
Overview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.
$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.
In this quick video recap we discuss using our ElliottWave Indicator suite when trading the behaviour of stocks after profit taking pullbacks. As they say, when its trending - its trending. You just need a set of tools to measure the behaviour in a simple and consistent way. ETSY is behaving very well this last 12 months and is a great example of trading the...
In this post, I'll be providing an in-depth explanation on Elliott Waves, specifically Impulse Waves and Corrective Waves.
I personally use Elliott Waves a lot, and as it seems like the majority of my followers are beginner traders unfamiliar with the concept of waves, I decided to do an educational post on it.
The concept of Elliott Wave Counts are extremely...
Yesterday I made a short video discussing how we were going to trade the USDPY currency pair using our Elliott Wave and Roller COaster Indicator Suites for the TradingView Platform. Link to yesterday video is >>HERE<<
This is a follow video to show how well this USDJPY Forex Pair is behaving and the resulting Long Trade that we are in!
After a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott...
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...
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...
The ABC corrective structure can be followed with different sub-structures, and finding the impulses on the chart, can be useful to understand if the movement we are following is the "Major Trend" or a simple "correction" of the Main Trend. Of course, I'm greatly simplifying the argument, but the basics are these ...
If you think this topic interests you and you...
![BTCUSD: Part [A] Basic of Wave Principle](https://s3.tradingview.com/w/wgMqvxCk_mid.png "Part [A] Basic of Wave Principle")
![GBPUSD: [EW ANALYSIS] "ABC" CORRECTIVE STRUCTURE](https://s3.tradingview.com/z/Zzj4QGbn_mid.png "[EW ANALYSIS] \"ABC\" CORRECTIVE STRUCTURE")
