All traders' behavior is embedded and reflected in the movements of market prices, as a trader you must always endeavor to take a step back and try to separate yourself from the noise. This is best achieved by considering the history of price and current live price action to try to measure where the next prices are most likely to be heading. This is why PRICE DATA...
Flats are uncommonly traded correction patterns on the Elliott Waves Traders Communities. I go over The in and outs of the flat correction. Wave A is a correction, wave B is a correction, and wave C is a motive wave.
An example of Elliott impulse and correction waves for prediction of SHIB price. This chart is only a sample and is NOT a financial advice . Please do you own research and indulgence before investing.
Long long term just wanted to make it once and follow or update would love to find out how it turns out not a trading advice do your own ta thanks. It's a leading diagonal and no sir no moon sorry till we see a deep deep correction after 75k max.
Here is a visual representation of an Elliott Wave Zig Zag with some common labeling mistakes. Also has some idealized Zig Zag guidelines as well.
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...
📓Back in 1930, Ralph Nelson Elliott decided to figure out how the market works. After a long analysis of the charts, Elliott made a discovery that still does not lose its relevance. Elliott was able to identify the "breath" of the market. This new method of graph analysis is called Elliott Wave Analysis . As it turned out, the theory of wave analysis can be used...
Tips and tricks on how to use channels in conjunction with Elliott Wave analysis to determine high probability targets and objectives.
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...
There are a lot of traders, Contacting me with the question, how to identify the target of wave 5 after an 4 wave impulse wave structure. Well, general rule, in which you can identify the wave 5 pattern target after completion wave 4 is following; 1. Measure wave 1 and use the lenght of the wave to identify your wave 5 target. Thus by starting at the end of...
Educational Video on where to start your count. * important to know the rules and guidelines inside and out * important to have alternative counts in mind * don't get married to one count!
we are on wave B corrction. published for review and practice
In 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...
Educational video on how to adapt EWT as a trading methodology.
Here is a short video on basics of divergence and how to use Zigzag Trend/Divergence detector script. Most of the things mentioned are already available in the indicator description. As mentioned many times, just follow the cheat sheet:
TGTX made an Elliot Wave but it failed to continue the trend after the Correction Wave and it collapsed. However, The Elliot Impulse Wave did create potential for TGTX because it built up a good Trend Channel. To continue to grow, it would need to enter Trend Channel first and then stabilize within it. The green dotted line is where it needs to go. Note: This...
Elliott Waves (How To Trade): Rules and Guidelines Rule 1: Wave 3 Is Never the Shortest This rule means that Wave 3 is always longer than at least one of the other two waves (Waves 1 or 2). Usually, Wave 3 is longer than both these waves. You should never look for Wave 3 to be shorter than both the other two waves. At times, Wave 3 may end up to be equal in...