Elliot Wave Theory claims that Markets form similar patterns of formations on smaller time frames that are visible on higher time frames, (higher/lesser degree). Crowd behaviour which the theorist defined for traders or market participants is predictable in a manner that it ought to cause a definite result after each sequential or circumventing interval. First...
Rule is rule
• Impulse wave subdivide into 5 waves. In the chart, the impulse move is subdivided as (1), (2), (3), (4), (5) in minor degree
Wave 1, 3, and 5 subdivision are impulse. The subdivision in this case is 1, 2, 3, 4, and 5 in minute degree.
• Wave 2 can’t retrace more than the beginning of wave 1
• Wave 3 can not be the shortest wave of the three...
Hello Traders. Welcome to Chapter 4.6! This is FINAL CHAPTER of my Elliott Waves series that took me 6 months to create starting from chapter 1. Here we will finally conclude with learning about the "Fibonacci Ratio Lengths for Corrective Wave Multiples". In the previous sub-chapter, we learned how to apply Fibonacci lengths for waves 1-5, now we will learn how to...
Hello Traders. Welcome to Chapter 3.6, THE FINAL SUB CHAPTER! You made it this far, congratulations, you have learned a lot of the basic and complex patterns. We are going to finish this sub-chapter with the final complex correction pattern called the "Triple Three" pattern, which is VERY similar to the double three!
Chapter 3 Glossary:
3.1 Zig-Zag Waves
3.2...
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...
Hello Traders. Welcome to Chapter 4.1, our FINAL chapter! In this sub chapter, we will learn the theory of alternation. In chapter 4, you will learn all of the applications and guidelines on how to connect a lot of the patterns that we learned in the previous chapters.
The rule of alternation lies within the pattern of two corrective macro swings in a completed...
Elliot wave counts for trend analysis
Wyckoff Schematics/VSA for range analysis and entry.
If you can break the process down into separate pieces it may make it easier to use the right tools at the right time.
Use Elliot wave impulses to judge the condition of the trend wether it is a bullish or a bearish trend.
How much supply is coming in at 1 and 3?
How...
I think this could start of an A, B, C, correction for RCL, which is a good time to try to take some profits and buy in later. Let me know what you guys think?
Hello fellas, we've seen a huge moves on bitcoin in these past few days and in this specific post, I want to do a quick update analysis about the dominance of bitcoin. If you've seen my previous analysis about the correlation between bitcoin dominance and the bitcoin's price, you should know that lately bitcoin's price has a positive correlation with the bitcoin...
There are four dimensions in analyzing any market; Price, Time, Momentum, and Sentiment.
There are always at least two interpretations to any wave count, bullish or bearish. To discover the correct wave count you must move beyond the price dimension and focus on evidence from the other three dimensions.
The SPX chart illustrated is from 2014 - 2015. I've shown...
Good afternoon all of my fellas, How are you doing? did you catch the last awesome bulls? I hope you are doing so. Let's get to the point of today's bitcoin analysis!
In this podcast, I will cover the daily movement, intra day and scalp opportunity on bitcoin. Based on this chart, I show you 2 support and upper line movement the green dotted one and the green...
today we will talk about 5 TYPES OF ELLIOTT WAVE PATTERNS
( FIRST SOME BASIC INFO )
What is Elliott Wave Theory?
The Elliott Wave Theory suggests that stock prices move continuously up and down in the same pattern known as waves that are formed by the traders’ psychology.
The theory holds as these are recurring patterns, the movements of the stock prices can...
Hello traders, today we will talk about 5 TYPES OF ELLIOTT WAVE PATTERNS
( FIRST SOME BASIC INFO )
What is Elliott Wave Theory?
The Elliott Wave Theory suggests that stock prices move continuously up and down in the same pattern known as waves that are formed by the traders’ psychology.
The theory holds as these are recurring patterns, the movements of the...
Elliott Wave Theory is a popular technical analysis tool used by traders to predict market patterns and trends. Developed by Ralph Nelson Elliott in the 1930s, this method is based on the idea that financial markets move in repetitive cycles or waves. In this comprehensive guide, we will discuss the fundamentals of Elliott Wave Theory and explore how Renko charts...
