Basics of Elliott Wave Principles explained in the simplest possible way.
In the first part, we discussed the components of the price action theory. We covered value area, control line, and excess price with examples, setups & guidelines (with my own observations.) Now, in this idea, we are going to cover the following topics: No trading zone Initiative & responsive trading Shifting of the value area Bullish Value area Bearish...
I am here with a unique topic. It is about a psychological trading trap called the cycle of doom. What got me interested in this psychological topic? Well, there are very few articles about it. You can count them on one hand, and more than 90% of traders are losing money. Most traders find their method of trading. What stops them from becoming profitable traders?...
Imagine an investment as a journey with twists and turns. Knowing its different stages is like having a map for investors. It helps them decide if they want a thrilling ride with big potential rewards or a smoother path with steady stability, based on their comfort with risk. For investors, understanding the life cycle is crucial because it directly impacts the...
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...
Elliott Wave Guidelines: Depth of Corrective Waves Understanding Elliott Waves is much more then the basic rules and 3s and 5s. A largely underused aspect of Elliott Waves is the Elliott Wave Guidelines. These go beyond the guidelines for each specific pattern and are meant to assist in determining the most probabilistic wave pattern. This is just the primary...
Hi EW Fans, made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction. Start of the impulse = Zero Top of the impulse = 0.382 End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so...
Hi EW Fans, added some interesting and helpful Fibonacci Numbers in Terms of Elliott Wave from an old Sheet i have found in the Web. You need to switch your Chart and your Fibonacci Tool to Log-Scale. Greetings
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.
The Elliott Wave Principle at its core consists of motive waves, movement in the direction of the larger trend, and corrective waves, any correction against the main trend. Market prices alternate between a motive phase, and a corrective phase on all time scales of trend Please refer to Elliott-Wave-Theory - Motive-Waves post covering rules and tendencies...
Be really careful about placing bets against this monster. The end phase of bull markets are always characterized by explosive panic rallies. Been rising for 12 years. Fed gonna raise rates >1% next year, probably gonna get a 50 basis pip pop in spring or summer, inflation unchecked. Read Friday's NY Times for a very insightful article on when, why and how much...
Tips and tricks on how to use channels in conjunction with Elliott Wave analysis to determine high probability targets and objectives.
Hello guys :) In the previous tutorials we have taught you what Elliott wave theory is. In this tutorial we're going to talk about extensions. we have an extension in either wave 1, 3 or 5. Follow me for more tutorial. Cheers :)
Hello guys :) The Elliott wave theory has 3 rules. Follow me for more tutorial. Cheers :)
Here you can see how an extended flat elliot wave should be counted. However there are multiple counts possible on current date, Using different geometric tools and projections, we can pretty determine accuratly where the price currently is behaving. Therefore I'm expecting at this moment a new wave up, which can be pretty str8 forward, since it is an ABC...
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.
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.