Hello Traders. Welcome to Chapter 3.4, 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...
ELLIOTE WAVE LEARNING CORRECTIVE OR IMPULSIVE WAVE
CORRECTIVE WAVE RETRACE 50% FIB LEVEL FROM IMPULSIVE WAVE
#WAVE 4 NEVER ENTER IN TERRITORY OF WAVE 1
#WAVE 3 NEVER BE SHORTEST WAVE
For more learning about Elliote wave please like share and comment if any question
Hello fellas, welcome back to the Sunday update of bitcoin, Just like usual we will explain the chart work about bitcoin and its long term and short term bias. Here in this post, I'll do an elliot wave count in specific.
Looking at the above chart, we can see that there are still a possibility for bitcoin to head up to the upside of the huge down trend channel...
** IF LOOKING AT THIS PLEASE MINIMIZE YOUR SIDEBAR, AND MAXIMIZE THE CHART (OTHERWISE LINES WILL OVERLAP) **
In this lesson we will go over a form of motive wave that is not an impulse, a Diagonal Triangle! (referred to as either an Ending Diagonal or a Leading Diagonal)
Leave a like if you wish to follow this series, every update will be posted below.
If you...
hey guys,
This video was intended to be a video analysis for NIO but quickly turned into a full blown elliot wave educational video for a follower of mine peterpecker. i go over fibonacci extensions and retracements and quickly on complex corrective structures and some rules as well. this is a quick look into elliot wave theory.
I didnt go over it in the video...
The basics of the foreign exchange markets patterns, now Elliot wave is like a father to those patterns, on the market open on Monday we will see a rise in price action to make the fifth tap within the ascending triangle... the taps made within that triangle are usually supposed to be 5, and labeled from A-E after those tops we shall see a breakout to the downside...
Not every is perfect, but yea lets not make assumptions or draw our own angles and lines and wedges and triangles and so on.
During my early days of trading, i saw a college intern scaling many lines on the chart, and what was interesting is, it was on 1 minute chart, i could barely see the candles. I asked him what was he trying to establish, he smirked and said...
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...
ELLIOT WAVE example for AUDJPY
🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL.
🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
Don't get it serious or as an invesment advice. I'm just studying elliot wave theory and testing myself.
It's not an investment advice.
Stay safe there.
Here are some of the basics of Elliot Wave Theory. Elliot waves are what makes me money. A lot of people don't use them because they are typically hard to count, and people give up when things go the wrong way.
Every wave always has its own set of 5 subwaves. When you finish a full set of 5 big waves, it now becomes ONE large wave.
Rules:
1) For EVERY wave,...
Dear Friends!
D4rkEnergy is back with an educational post about Elliot Wave-Theory. Yesterday, Philakone, a famous crypto-trader and TA-educator, was calling out one of the Top Authors in here, because he could not figure out how to draw lines. Philakone wrote the following on Twitter:
"How to NOT draw Elliot Waves. it blows me away... this guy has one of the...
Maybe this near "full-stack" technical analysis using Wyckoff and Elliot Theory along with relevant indicators such as Moving Average and Cumulative Volume Delta (CVD) will puzzled some of the traders who used to have a simpler analysis on the market. But to those who curious this is something that is really interesting to know. The chart above is showing us how...
