What is Elliott Theory? Ralph Elliott based his approach on the behavior of traders. He believed that traders and investors repeated the same actions. Therefore, the market highs and lows can be easily predicted. Elliott Wave Theory is based on the behavior of traders. Vital principle of the Elliott wave theory of the 1930s . The way it works is as follows:...
Hello! Dear colleagues, because I am constantly analyzing the markets with the help of wave analysis. Many colleagues ask me about it and I decided to make some tutorial posts to help you in this difficult task. I want to present this information to you in a simple and straightforward manner. Well, enough unnecessary text, let's get started! A bit of history...
Motive Wave: DIAGONAL Rules:All diagonals consist of 5 waves Diagonals can be โleadingโ or โendingโ diagonals, depending on whether they form at the start or end of a trend. Diagonals therefore can only form in the positions of wave 1 (leading) or 5 (ending) of an impulse, or the positions of wave A (leading) or C (ending) of a zigzag . Within an ending diagonal ,...
โโโ ๐๐ง๐๐๐ฃ๐๐ก๐ (T) โโ ๐๐๐ฃ๐๐ง๐๐ก ๐ง๐ช๐ก๐๐จ โ A triangle always subdivides into five waves. โ At least four waves among waves A , B , C , D and E are subdivided into a single zigzag. โ A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle. โ ๐๐๐ฃ๐๐ง๐๐ก ๐๐ช๐๐๐๐ก๐๐ฃ๐๐จ โ Usually, wave C subdivides into a...
Hello! โก๏ธIn this lecture, we will cover one of the most common or popular correction options - triangles. I remind you that we are now considering various correction structures that are encountered both separately and can be part of more complex structures. โก๏ธTriangles are probably the most popular pattern for all beginners, yes, and not only beginners. It is...
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 tradersโ 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 tradersโ psychology. The theory holds as these are recurring patterns, the movements of the...
๐ฉ๐ปโ๐ป Hello ! This time we're going to look at combinations. It may seem too complicated, but don't worry. In fact, any combination simply consists of two corrective patterns that you and I already know, only between these two patterns there is a connecting wave. Let's go straight to the rules and everything will become clear to you at once! โ Rules โ ๐A โdouble...
In this educational article, we will discuss the foundation of price action analysis: the concepts of highs and lows. In order to grasp that concept, you should learn to perceive the price chart as the sequence of zigzags. Depending on the direction of the market and the shape of these zigzags, its peaks will be called differently. There are 6 types of them...
Triangles seem very easy to trade but act differently when it comes to trading. #Elliottwaves have a very important, genuine, consolidated and beautiful pattern that is #triangle correction. The structure of the triangle is 3,3,3,3,3. It means the triangle has 5 waves in it and each wave is sub-divided into 3 waves which we call (a,b,c,d,e). After 5 waves the...
Hello, everyone!๐ (Reading time less than 7 minutesโฐ). Iโm here with another educational post to help you learners become super traders gradually. ๐ As you know, various tools are usually used in any financial market to analyze all types of stocks, cryptocurrencies, and assets. Chart patterns are one of the essential tools used in technical analysis, and...
โโ Combination ( CMB ): "Double Three" โโ Rules: โ A โdouble threeโ combination comprise two corrective patterns separated by one corrective patternin the opposite direction, labeled โ . The first corrective pattern is labeled โ , the second โ . โ A "double three" combination comprises (in order) a single zigzag and a flat, a flat and a single zigzag...
โโโ ๐๐ง๐๐๐ฃ๐๐ก๐ (T) __________________________ โ๏ธโ๏ธ ๐๐๐ฃ๐๐ง๐๐ก ๐ง๐ช๐ก๐๐จ โ A triangle always subdivides into five waves. โ At least four waves among waves A , B , C , D and E are subdivided into a single zigzag . โ A triangle never has more than one complex subwave, in which case it is always a multiple zigzag or a triangle. โ๏ธ ๐๐๐ฃ๐๐ง๐๐ก ๐๐ช๐๐๐๐ก๐๐ฃ๐๐จ โ Usually,...
Elliott wave practitioners are sometime subject of criticism because of their apparent mistakes !. An important point that many people may not be aware of is that " Elliott waves analysis is about possibilities and probability of each possibility not about certainties ! ". In fact, there is no false or true analysis in the world of Elliott waves (if a...
Thanks for watching the video. I will just highlight the key differences between Auto-Harmonic-Patterns-V2 and Auto-Harmonic-Pattern-Ultimate-Trendoscope . Most of the other information is already available in the description of the script. Please read through them and let me know if you have any questions. Key improvements on new version are: โถ Whole pattern...
Hi guys. ๐Well, let's continue develop ourselves???๐ช๐ป Ok, now let's start from the few words about theory of cycles๐ช๐ป ๐The theory of cycles is more developed at the theoretical than at the practical level, and deals with cyclical fluctuations not only in prices, but also in natural phenomena in general. Almost all methods of technical analysis fit into this...
๐๐ปHi guys. ๐Well, let's continue develop ourselves???๐ช๐ป Today I would like to tell you about the ๐wave analysis๐ โ๐ป๐For those, who have recently joined, I would like to say, that we are studying technical analysis.๐ช๐ป๐ช๐ป ๐๐ป๐๐ป๐๐ปBelow you can find my previous educational ideas.๐๐ป๐๐ป๐๐ป Ok, now let's start from the few words about theory of cycles๐ช๐ป ...
Most of you have probably heard about Elliott waves and we are sure that you donโt use it in cryptocurrency trading strategy because itโs very complicated and subjective approach. Crypto trading for beginners is very challenging and stressful even without Elliott waves. To be honest when we first time tried to implement it to my crypto trading strategies it was a...