For an ICO to give you a positive ROI, history shows that an average time frame of 6-9 months is needed before the market starts to move into markup phase. This time frame is shortened as the bull market gets closer to the end, as time frames compress, and price action accelerates. Furthermore, towards the end of the bull market, the returns in % become much...
Base channel. The base channel contains the origin of wave one, the end of wave two, and the extreme of wave one. The base channel is most important, because it defines the trend. Acceleration channel. The acceleration channel encompasses wave three. Once prices break through the lower boundary line of the acceleration channel, we have confirmation that wave...
Here are few simple step detailing possible moves during elliott wave A-B-C corrections. plz use charts "make it mine" option to view diagrams clearly thanks
Here are the steps which guides you to evaluate possible corrective structures that can form during correction (A-B-C). Plz Use chart option "make it mine" to save these diagrams in your charts to explore those very clearly. Thanks
Most sought after question by Elliot wave structure learners is .... 1. How can we identify a single wave : " The length of wave is the lowest degree is its travel in one direction 'WITHOUT ANY SORT OF CORRECTION' even in hourly record" " The...
Here are few tips which I found after reading books and watching webinars. Hope this help you guys to grasp ideas/ how to fit those components in wave model. (kindly do correct errors, omissions )
Market develops in FRACTALS. Understanding how each timeframe is developing is important in timing our trade entries. When we decide to take any trade, we now have a better understanding and expectation of our trades. Practical Exercise 1) Find an example where the two timeframes' bias are aligned. 2) Find another example where the two timeframes' bias are...
Here are few things which I understood from books and from webinars of experienced traders. Hope this shed little light on how market sentiments and wave analysis linked. (if you notice some correction/omissions kindly do correct).
Are you learning Elliot wave structure...?! Here are few Tips...but to master Elliot wave structure.. read a lot, watch how wave traders present ideas in tradingview...! (I'm still learning, if you find mistakes kindly pls do correct..)
Understanding that market moves in an impulse or corrective nature, we can now further categorise market moves into 3 scenarios. Here we will illustrate the 3rd scenario - an impulse move, followed by a crawling move. Practical Exercise 1) Find an example of such scenario in the market. It can be any currency pair, any timeframe. 2) Record down what's the...
When you analyse charts, what picture do you see? Is this the type of a candle or the position of a moving average?Perhaps you prefer Fibonacci analysis alone? But are these techniques explain what really happens on the market and could truly predict what is going to occur? Today we would like to show the true nature of every single chart and how forecast might...
In my last post I noted the SPX could be forming an Elliott wave Horizontal Triangle. There are five sub types of Horizontal Triangles, the type I thought was forming is referred to as a Running Triangle. In this pattern the wave "B" exceeds the point of origin of wave "A" ***See Figure 1-43 on page 50 of Elliott Wave Principle by Frost and Prechter. The most...
Hi fellows, In this educational post, You will learn where your stop loss is reasonable, safe and most effective and increase the rate of success. Stop placement is a professional skill. Trading without limiting losses is highly dangerous. When it comes to trading on waves and classical chart patterns then your stop loss should be there where it is safe and...
HI Guys I share today simple ABC setup By Elliot wave and showed you live Example Hope you'll like it and please don't forget to click like button Trade with Care :)
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After seeing several charts on this site, I've noticed some common mistakes; re-tracement levels, pattern recognition, wave counts, and, trend-lines, along with, channel formation cover a lot of them. Some thoughts: Re-tracements / Projections don't always conform to 0.62 /1.62 ratios. Think about it. Is a 62% re-tracement really bullish? 38% and 50%...
Hello! Hope everyone had a great weekend. I'll post more examples in the comment section below to help you develop a better understanding of where and how to identify ending diagonals. Feel free to write your questions in below. Please share, comment and link this post for more educational posts :)!