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...
Elliott Wave Count in Bitcoin Daily Chart In most cases, if wave 5 is formed as a diagonal triangle, it will cause severe falls after the end of the process. So after recognizing these diagonal triangles in wave 5 - you can close your long trades at the right point and make good profits from short trading in corrections waves. Please like our tutorial and...
Elliott wave target is quite accurate target zone help you a lot in trading As this chart and thumbnail chart I expecting price come down wave 4 or continue go to yellow target then make wave 4 So how can we target, firstly to target wave 5 we have to identify which wave is extension • If wave 1 is extension We use Fibonacci extension 012 With 0.618(major), 1,...
Graphical representation for possible wave 3 projections under ideal conditions. 100% of wave 1 is the minimum projection limit for wave 3 with no limitation for its further projection
I thought we've been bearish since 2075 but I sort of noticed that I've been wrong since 1676. When I make a mistake in counting, I look back at previous waves to find some tips and I got something. Here is just one idea. If we've been on the bullish trend, previous waves can be thought of as below. 01...1677 - 1795 (impulse) 12...1795 - 1774 (zigzag 3 wave...
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
Is NVDA on the way to make a new ATH or correction still continues? We have to follow. NVDA is a beautiful example of different scenarios possibility! If we look at the chart (right side) we simply may consider that correction is completed at 0.382 Retracement of last rally with clear abc form of correction but, is this the only possible scenario? Of course NOT...
Dear friends, Most of the time we first guess, then assume and finally start calculating whether the price of an instrument is to go up or down.We then make a strategy either to go long or short, still a number of times we fail to gain the profit as per calculations. It is because of the swings that creates confusion and we have to close our positions in...
Educational video on my "point of failure" concept. This is a must watch video for all trend followers.
The recent price action of the US Dollar Index (DXY) appears to me to be a excellent example of what in EWT is called an Ending Diagonal Triangle. In EWT normally the 5th wave is composed of 5 sub-waves that do not overlap. (Which in this example I have labeled .1,.2,.3,.4,.5). But in this type of ascending triangle formation they do overlap and each sub-wave...
If you were trading my Heikin-ashi system during this bitcoin accumulation zone, this would’ve been a perfect long opportunity. All signs were directed towards a bull run. Bullish heikin-ashi doji formed after an impulse leg down, a bullish fractal appeared on the bullish hammer candle that started the move. The stochastic was in an oversold range and started...
●●● 𝙈𝙪𝙡𝙩𝙞𝙥𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (Mult.Z) Keep in mind that an triple zigzag is rare ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● A Multiple Zigzag comprise two (or three) single zigzags separated by one (or two) corrective pattern(s) in the opposite direction, labeled X . In the first case, it is called «double zigzag», in the second - «triple zigzag» (The first single zigzag is labeled W , the...
Even though i tried my wave count to convince the BTC bulls, it is not possible for me to deviate from NW rules in time cycles. Wave 4 has to to take equal time as wave 3 taken, if you apply this rule ,we have more time left to finish wave 4, So far wave 'A' of wave 4 completed in 5 waves (wxyxz), therefore wave B will resume fastly ,DON'T assume it as 5 th...
In crypto there is wave structure that doesn't exist in standard elliott wave literature and AXS is a chart useful to show this. Crypto volatility is much higher than markets observed by Ralph Elliott, especially in Altcoins that can be much more volatile than Bitcoin. Higher volatility encourages different wave structure. And there is a wave that only exists...
●●● 𝙎𝙞𝙣𝙜𝙡𝙚 𝙕𝙞𝙜𝙯𝙖𝙜 (SZ or ZZ) ❗❗ 𝙍𝙪𝙡𝙚𝙨 ● A zigzag always subdivides into three waves. ● Wave A always subdivides into an impulse or leading diagonal . ● Wave C always subdivides into an impulse or ending diagonal . ● Wave B always subdivides into a zigzag, flat , triangle or combination thereof . ● Wave B never moves beyond the start of...
we can use fibonacci to help us find targets for wave 5
an Ending Diagonal occurs at the end of the trend on wave 5/C