Elliott Wave
Using Fibonacci/Measured Moves To Understand Price TargetThis video is really an answer to a question from a subscriber.
Can the SPY/QQQ move downward to touch COVID levels (pre-COVID High or COVID Low).
The answer is YES, it could move down far enough to touch the pre-COVID highs or COVID lows, but that would represent a very big BREAKDOWN of Fibonacci/ElliotWave price structure.
In other words, a breakdown of that magnitude would mean the markets have moved into a decidedly BEARISH trend and have broken the opportunity to potentially move substantially higher in 2025-2026 and beyond (at least for a while).
Price structure if very important to understand.
Measured moves happen all the time. They are part of Fibonacci Price Theory, Elliot Wave, and many of my proprietary price patterns.
Think of Measured Moves like waves on a beach. There are bigger waves, middle waves, smaller waves, and minute waves. They are all waves. But their size, magnitude, strength vary.
That is kind of what we are trying to measure using Fibonacci and Measured Move structures.
Watch this video. Tell me if you can see how these Measured Moves work and how to apply Fibonacci structure to them.
This is really the BASICS of price structure.
Get Some.
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Mastering Bitcoin #1In this quick but educational video we delve into the intricacies of Bitcoin's price movements using popular technical analysis tools like Bollinger Bands, Elliott Wave Theory, Triple Moving Average, and Bearish Divergence on MACD and RSI. Learn how these few indicators can help predict what might be ahead for Bitcoin based on current data.
I'm gonna make this into a habit, creating short, educational videos, so expect more of this insightful, bite-sized content going forward.
Mastering Elliott Waves: Key Rules You Can't IgnoreEducational Idea : Understanding Key Principles of Elliott Wave Theory
Introduction
Elliott Wave Theory is a powerful tool used by traders to analyze market cycles and forecast future price movements. Understanding its core principles can help you make more informed trading decisions. In this article, we will delve into three fundamental principles of Elliott Wave Theory that cannot be violated. Remember, this video is purely for educational purposes and not intended as trading advice or tips.
1. Wave 2 Can Never Retrace More Than 100% of Wave 1
The first principle of Elliott Wave Theory is that Wave 2 can never retrace more than 100% of Wave 1. In other words, Wave 2 cannot go below the starting point of Wave 1. If it does, it invalidates the wave count and suggests that the initial impulse wave (Wave 1) was incorrectly identified. This rule ensures that Wave 2 is a correction wave within the larger trend and not a reversal of the trend itself.
Example Illustration:
- If Wave 1 starts at 100 and peaks at 150, Wave 2 can retrace to any level above 100, but not below it.
2. Wave 3 Can Never Be the Shortest Among All Three Impulse Waves (1-3-5)
The second principle states that Wave 3 can never be the shortest among the three impulse waves (Waves 1, 3, and 5). Typically, Wave 3 is the longest and most powerful wave, characterized by strong momentum and volume. If you find that Wave 3 is shorter than either Wave 1 or Wave 5, the wave count is incorrect, and you need to re-evaluate your analysis.
Example Illustration:
- If Wave 1 is 50 points and Wave 3 is only 30 points, while Wave 5 is 40 points, this violates the rule as Wave 3 is the shortest.
3. Wave 4 Cannot Enter the Territory of Wave 1 (Except in Diagonals & Triangles)
The third principle asserts that Wave 4 cannot enter the price territory of Wave 1. This means that the lowest point of Wave 4 should not overlap the highest point of Wave 1. An exception to this rule occurs in diagonal and triangle patterns, where some overlap is permissible. This rule helps maintain the integrity of the impulse wave structure.
Example Illustration:
- If Wave 1 peaks at $150 and Wave 4 retraces to $145, this overlaps and invalidates the wave count unless the pattern is a diagonal or triangle.
Conclusion
By following these principles, you can ensure that your Elliott Wave analysis remains robust and accurate, helping you navigate the complexities of the financial markets with greater confidence. Understanding and applying these key principles of Elliott Wave Theory can significantly enhance your market analysis and trading strategies. Keep these rules in mind as you study and apply Elliott Wave Theory in your trading journey. Remember, this video is purely for educational purposes and not any kind of trading advisory or tips.
This content is for educational purposes only and should not be considered as financial advice. Always do your own research before making any trading decisions.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Feel free to share your thoughts or questions in the comments below. Happy trading!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Using Fibonacci & FPT To Identify Trends/Entries/ReversalsLearn how powerful Fibonacci Retracements and Fibonacci Price Theory are when adequately deployed.
It can tell where and when to target entries, trends, risks, and reversals.
Anyone can do this when they learn to efficiently manage the ranges and use Fibonacci tools in Trading View.
It's time you took a few minutes to learn the PRICE is the ultimate indicator. You don't need to use dozens of other indicators (unless you want to add to the core Fibonacci techniques).
Watch this video, then follow my research/videos.
Elliott Waves: Natural Gas case study
Overview:
Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current focus is on the ongoing Wave ((C)) on the Daily timeframe, expected to unfold in five subdivisions: (1), (2), (3), (4), and (5). Within this framework, Wave (1) to (4) are complete, and attention now turns to the unfolding of Wave (5) on the Four-Hourly timeframe.
Current Structure:
On the Four-Hourly timeframe, Natural Gas is in the process of forming Wave (5), consisting of Wave 1, 2, and the ongoing development of Wave 3. The details of Wave 3 are further observed on the Hourly timeframe as finished wave ((i)) & ((ii)) and now possibly we are unfolding Wave ((iii)) of 3 of (5) of ((C)) of II.
Elliott Wave Principles:
Corrective Structure:
Wave II is corrective, manifesting as a complex correction with three subdivisions, labeled ((A)), ((B)), and ((C)).
Impulse Formation:
The primary upward movement from June 2020 to August 2022 represents an impulse, characterized by a sequence of five waves.
Subdivision Details:
Each wave and subdivision unfolds according to Elliott Wave principles, maintaining the structural integrity of the overall pattern.
Learning Points:
Analyzing Market Cycles:
Elliott Wave Analysis serves as a valuable tool for understanding the cyclical nature of markets, providing insights into the psychology of both buyers and sellers.
Trend Anticipation:
Corrective waves within the Elliott Wave framework offer a strategic opportunity to foresee potential trends—whether they signify a resumption or reversal of the existing trend.
Elliott Wave Analysis is a tool to decipher market cycles, offering insights into the psychological dynamics of buyers and sellers.
Corrective waves provide an opportunity to anticipate trend resumption or reversal.
The principle of non-overlapping waves helps identify the structure of the market move.
Validation and Risk Management:
The integrity of this Elliott Wave structure is contingent on Wave II not surpassing the low of Wave I, identified at $1.440. A breach of this level would invalidate the current wave count.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
Trading week recap for NASDAQ, DOW, DAX & FTSE (01/07/2023)We had successful trades with the NASDAQ and the DAX. Let's look back at the past trading week and learn from it. What went well? What could be better?
This is an experiment. Educational content to become a good waver. If you like this video, please let me know by commenting. Any suggestions? Please let me know.
Something went wrong with the recording for the last part on the FTSE. We continue the analysis on Monday.
How to Spot Reversal Of Bullish Or Bearish Trend- Elliott Wave Dear traders,
In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea.
Hope you will enjoy the video.
What is Potential Reversal zone and how to make it?How can we find a Potential Reversal Zone?
Is it enough to just make a simple Retracement or we can make our support zone narrower? how can we be more confident about our possible supports?
What are Fibonacci levels for different types of Fibonacci and what are typical ones among them? How can we implement different wave degrees to make our PRZ even stronger?
You can find answers to all above questions in this video.
I hope you to enjoy this video and wish you all the best.
Gold Proven Trading strategy that will help to to achieve ..... Do you want to be a profitable and successful gold trader?
Know about the economic conditions in the USA.
Use Pure Price action.
Use your trading psychology.
As long you are good at a fundamental and technical chart, it will constantly develop your trading psychology.
Then use pure price action as I said in the video. if fundamental and analysis support help try to combine it \go
HOW-TO cope with Elliott Wave patterns that failIn this "How-To" help video, we take a look at How Elliott Wave patterns often fail half-way through.
If any of you have followed Elliott Wave analysis for any length of time, you will very likely have been frustrated when what looked like to be a perfect Elliott Wave pattern then failed and did not do what it should have done. This then makes analysis very difficult and frustrating.
Here at MTPredictor, one approach we take is to assume that Markets are random about 50% of the time, so this means that any Elliott Wave pattern always has the potential to fail at any point. It also means that half the time, there are no clear Elliott Wave patterns present on the Chart either. So we decided to accept this, but then to only work with the 50% of the time when the market pattern was clear. And then only look for particular setups, within that clear period.
Please take a look at the video, we were take a look at a recent example on the 15min NQ. And look for setups on the shorter time frame (3min in this example), when, "and only when" the larger degree (15min) picture was clear.
I hope this "How-To" video tutorial has been helpful and shown one approach, that we take here at MTPredictor, to help cope with the uncertainties of Elliott Wave Analysis and failing Elliott Wave patterns. Please understand that this is just the approach we take here at MTPredictor and have done for the last 20 years since MTPredictor was launched in 2001. So please feel free to disagree with our approach, we are just presenting here here as what we do and we understand that this is not the only approach and other people will always have different ideas or different ways of approaching this.
Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.
How To Count Waves Patterns - AUDUSD Feel Free to like this video and comment down below if you have your thoughts and wish to learn more i have a lot of more videos planned out . Your Comments motivates me to make more helpful content for you - so basically in this video i break down how i analyse the chart i try to go step by step to give sort of like the idea or the feel