Hello Traders. Welcome to Chapter 4.5, where we will be learning about the "Fibonacci Ratio Lengths and Motive Wave Multiples" in Elliott Waves. This chapter dives into how we can determine the target for the next impulse wave. This one is an extremely important chapter if you want to primarily find the next possible targets for each consecutive wave. I have made...
Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3.1, we will be discussing Zig-Zag waves. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action?
Chapter 3 Glossary:
3.1...
Hello Traders. Welcome to Chapter 4.2, where we will be learning about channeling in Elliott Waves (also known as, parallel channels) - something that many of you are probably already doing in your daily technical analysis, but probably have not known that it could be used within the Elliott Wave theory. This method is going to give us an extra edge when it comes...
Hello Traders. Here we will examine extensions as a final conclusion for chapter 2.
Chapter 2 - Motive Waves:
2.1 Impulse, Leading Diagonal
2.2 Ending Diagonal , Truncation
2.3 Extension, Fifth Wave Extensions
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What are extensions?
Most impulses contain a degrees called "extensions" An extension is an extended wave with amplified subdivisions within...
Hello Traders. Welcome to Chapter 3.2, where we talk about another form of corrective waves, the Flat and Expanded correction. In chapter 3.2, we will be discussing Zig-Zag waves. This is where most people will get "chopped" up in the market, as these corrections can often cause a lot of small panics within these corrective waves. These corrections more often than...
You can find many websites, even free books of Elliot Waves Theory. But if you read it by on eye, can understand its kind of shamanistic predictions. law of the universe - from small to big, law of complication and development. To build waves, should start from max. minimum time frame -1 min. than 1 min group in 5-15 min, than to 30 min, 30 min group to 1 hour,...
Hello,
Elliot Wave theory is a technical analysis method that is commonly used in trading to analyze price movements in financial markets. It is based on the idea that prices move in repetitive patterns, and that these patterns can be used to predict future price movements. When applied to Walmart stock, Elliot Wave analysis can provide traders with insights into...
Hello Traders. I would like to introduce a new series of articles pertaining to the Elliot Wave theory. We are seeing higher interest in Elliot Wave theories these days but many traders and investors have a hard time grasping the foundation of Elliot Waves. I would like to finally start implementing my overall view of the basics on Elliot Waves so that investors...
Hello Traders. Welcome to Chapter 3.5, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...
Elliot Wave Alternation
The guideline of alternation states that if wave two of an impulse is a sharp retracement, expect wave four to be a sideways correction, and vice versa. Figure 22 shows the most characteristic breakdowns of impulse waves, both up and down. Sharp corrections never include a new price extreme, i.e., one that lies beyond the orthodox end of...
Many Claim Elliot Waves are a false pseudo science. I present the last 30 years as an example, n a monthly time frame, the last part of the "Grand Supercycle" Bull Market Elliot predicted
The 1990's Wave I, ( The dot com bubble) complex and impulsive.
2000-2003 Wave II down, simple corrective ABC.
2003 until Nov 2007 Wave III Up Impulsive and Complex. ...
In this lesson we will go over the application of the wave principle, and the fundamentals of impulse and corrective waves.
Leave a like if you wish to follow this series, every update will be posted below.
If you are following this series I would suggest writing down what is shown in notes to help your brain remember these patterns, rules, guidelines and more....
I am going to start posting a visual guide to Elliot Wave since a lot of people ask me about where they can learn Elliot Wave theory, and many complain about how long it usually takes. So with this I hope I can simplify the theory for you. This theory works very well in financial markets as well as cryptocurrency markets (not /BTC but /USD)
Introduction : ...
Hello everyone, I got few questions on Elliot wave principles and also harmonic patterns over the last few days. The principles I posted on the chart are just the basic principles since Elliot wave goes into a real good depth. Many traders have their own way of labelling the charts and use Elliot waves combined with their own strategy to predict the outcome/ know...
I'm new to Elliot waves; I've never really used them before.
I thought I'd see if my application of the Elliot wave theory was correct. Having used my correct strategy (Squeeze, Momentum Volume and Weis Wave indicators) I already knew I was going to go long with this currency pair. Although there appears to be much resistance and I suspect there will be a...
Hello fellas, once again I provide you my analysis about bitcoin. without further chit chat, let's get to the point.
Here it is my detailed elliot wave count on bitcoin. Right after the call of bearish rising wedge or we can call it a leading first wave diagonal, we've seen a really huge up trend push form the bulls. I will label this moves as the 3rd wave going...
In this lesson we will go over motive waves more in depth
Leave a like if you wish to follow this series, every update will be posted below.
If you are following this series I would suggest writing down what is shown in notes to help your brain remember these patterns, rules, guidelines and more. Elliot Wave theory is based on pattern recognition, and to...
