⚡️Hello traders Today I will share with you an analysis method that large investors often apply and they have been very successful.
⚡️Elliott Wave is a technical tool used by investors in analyzing stock market prices, commodities, cryptocurrencies, etc.
⚡️Elliott waves analyze price movements and these movements tend to repeat and form waves. From previous...
We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom,
Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns.
I have covered Three chart patterns in this article,
1) Triangles
2) Head and shoulders
3) Double Top and Bottom
1) Head and shoulders:
In addition, the two...
Hello, here is z18 reporting. Today I will make a small guide teaching you how to use all the tools that TradingView provides you directly to make your content the best it can be.
Every content creator has quite a few tools when it comes to posting an idea. However, we will not talk about how to create an idea. Let's take a look at all the possible tools.
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Elliott Wave Quick Cheat Sheet
Note that I post a quick guide for beginners. I was struggled as a beginner but thanks to my mentor. (I post a quick guide here as sometimes I need to peek as for my cheat sheet)
By now we all have learned patterns like Head and Shoulders, Wedge, Triangle, Double top, Double bottom, Pennant (literally a triangle or diagonal),...
This publication will focus on some of the rules and guidelines of wave formation in Elliot Wave theory in relation to the correctional sequences of Wave 4 and zigzags.
Whilst Elliott Wave rules are requirements and form the basis of counting waves, understanding the guidelines of wave formation is as crucial in identifying wave structure and the likely scenarios...
Hi all,
I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like.
Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves.
Corrective...
It's a simple concept.
Impulsive wave, corrective wave, impulsive wave, corrective wave...
You may think I'm here to talk about Elliot ... (if you know him)
No.
The problem with Elliott Wave Theory is...
IT'S TOOOOO OLD.
It has a lot of problems...
The markets of 1938 aren't the same as the markets of 2022.
I'll show you an updated version...
The biggest...
Today i would like to share some basic Elliot Wave analysis along with an example. The Elliott Wave Theory was developed by Ralph Nelson Elliott in the 1920s. Elliott found that financial markets have characteristic movements that repeat in perpetuity. He called these movements *waves," due to the troughs and peaks that present themselves in a cyclical up-and-down...
I am writing this idea to document my learnings in wave analysis. Your thoughts and comments on this document are welcomed for discussion.
Identification of waves and wave patterns is critical in wave analysis. I have seen that MOMENTUM is a key indicator in wave analysis.
There are four main concepts I use in my analysis:
1. Trend – It is defined as the...
Here you can see how an extended flat elliot wave should be counted.
However there are multiple counts possible on current date,
Using different geometric tools and projections, we can pretty determine accuratly where the price currently is behaving.
Therefore I'm expecting at this moment a new wave up, which can be pretty str8 forward, since it is an ABC...
Hi guys, I would like to start sharing some educational charts concerning price action strategies, something I feel that is often overlooked by a lot of traders on here. While a lot of indicators can be cool and give you confidence in your trades, oftentimes they are quite ambiguous in nature, leading to some questionable trades at times. Not only that, but it's...
📍 What Is Elliott Wave Theory?
In technical analysis, the Elliott Wave theory is the analysis of long-term trends in price patterns and how they correspond with investor psychology. These price patterns, referred to as ‘waves’, are built on specific rules that were developed by Ralph Nelson Elliott in the 1930s. Specifically, they were designed to identify and...
I was asked how to ride the current impulse waves on GBPUSD, so I answer here.
This is yesterday's strategy for BUY.
1)
RIde the impulse wave if the price drops to the support line.
Here is the reason why yesterday's support line was important.
As you can see the chart, when the price converges like >, big movement is coming.
I call it the sign of the...
An update on the Idea of a IVth corrective wave following the classic Waves I & 3 down where wave II was an easy to read ABC corrective wave up.
The pattern is intact for the IVth wave, wave 4 didn't go past wave 2 ( of the corrective IVth wave. We are now in the 5th wave of the IVth wave
going up on weak volume.
Roman numerals used to indicate the larger...
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so please make sure if i posted...
Buy limit trade setup...
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
All information given inside the chart and i shared this for educational purpose only. Maximum i wont give the followup or update in the old chart posted as educational trade idea, sometimes i will...so...
Hello, my trader friends🙋🏻.
I want to tell you the story of Technical Analysis, its advantages & disadvantages.
We're even gonna learn about its branches.
Like any other science, Technical Analysis has come a long way, and it's still evolving. But why should we learn it and know it well?🤷🏻
When you're trading, you may be afraid or greedy. But how do...
The Ending Diagonal Pattern of Elliot Wave Theory = The Wedge Pattern In Classic Chart patterns
Basic Rules For The Wedge Pattern:
1. Consists of five waves (1-2-3-4-5)
2. Each wave subdivides into a zigzag (a-b-c)
3. Waves 1 and 4 overlap in price
4. Wave 1 is usually the longest
5. Wave 3 can not be the shortest
The "Wedge Pattern" can be found as a...
