Recession is a scary word for any country An economic recession occurs when the economy shrinks. During recessions, even businesses close their doors. Even an individual can see these things with his own eyes:
1. People lose their jobs
2. Investment lose their value
3. Business suffers losses
Note: The recession is part of an economic cycle.
If you haven't read...
●● Combination ( CMB ): "Double Three"
❗❗ Rules:
● A “double three” combination comprise two corrective patterns separated by one corrective patternin the opposite direction, labeled Ⓧ . The first corrective pattern is labeled Ⓦ , the second Ⓨ .
● A "double three" combination comprises (in order) a single zigzag and a flat, a flat and a single zigzag...
❗❗ 𝙍𝙪𝙡𝙚𝙨
● A zigzag always subdivides into three waves.
● Wave Ⓐ always subdivides into an impulse or leading diagonal.
● Wave Ⓒ always subdivides into an impulse or ending diagonal.
● Wave Ⓑ always subdivides into a zigzag, flat, triangle or combination thereof.
● Wave Ⓑ never moves beyond the start of wave Ⓐ .
● Wave Ⓑ always ends within the price...
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
●●● 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...
●●● 𝙏𝙧𝙞𝙖𝙣𝙜𝙡𝙚 (T)
❗❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙧𝙪𝙡𝙚𝙨
● A triangle always subdivides into five waves.
● At least four waves among waves A , B , C , D and E are subdivided into a single zigzag.
● A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle.
❗ 𝙂𝙚𝙣𝙚𝙧𝙖𝙡 𝙜𝙪𝙞𝙙𝙚𝙡𝙞𝙣𝙚𝙨
● Usually, wave C subdivides into a...
