This idea and the logic behind might seems a little strange, but as on my knowledge, it is unique. The practical uses of this are as follows and it can be don on any time frame: 1. Identify Trend Direction - As you can see in the chart Red boxes larger than green ones, and so it is very clear and easy to spot trend direction. 2. Identify Trend Reversal - The MA...
Fibonacci tools are in general a method of technical analysis for determining probable support and resistance levels calculated using ratios (23.6%, 38.2%, 61.8%, and 78.6%) that are derived from Fibonacci sequence (0, 1, 1, 2, 3, 5, 8, 13, 21, …). Fibonacci levels are presented in variety of forums, such as horizontal lines, vertical lines, trend channels , ...
There are 3 Types of Triangle, Triangle forms in Corrective waves, Triangle occurs in wave 2, 4 & B, 1) Contracting Triangle + Always Subdivides Into Five waves + at least four waves among wave A, B, C, D, each subdivide into a Zigzag or Zigzag Combination. +wave C never moves Beyond the end of wave A, wave D never moves beyond the end of waves b and D...
ELLIOTT WAVE TRIANGLE Elliott Wave Theory is a popular method used by traders to analyze and predict financial market cycles, particularly in stock markets, forex markets, and cryptocurrencies. One of the key patterns within this theory is the Elliott Wave Triangle, which is a continuation pattern that occurs during the consolidation phase of a trend. Triangles...
Have you ever wondered why the certain trading instruments are very rapid while some our extremely slow and boring? In this educational article, we will discuss the market volatility, how is it measured and how can it be applied for making smart trading and investing decisions. 📚 First, let's start with the definition. Market volatility is a degree of a...
This move up is most likely a complex correction. (multiple zigzags). As such, when the lower line is broken it should lead to lower lows. The question is just how low and will that lead to a break of the greater trendline or a bounce and return to the uptrend. We will probably know in a day or so. The alternate scenario is that this is a leading diagonal and...
All traders' behavior is embedded and reflected in the movements of market prices, as a trader you must always endeavor to take a step back and try to separate yourself from the noise. This is best achieved by considering the history of price and current live price action to try to measure where the next prices are most likely to be heading. This is why PRICE DATA...
Both holding & not holding don't make sense. Definitions: - Holding = try to hit "homeruns" every time - Not holding = snatching profits at target (not before, that's just being a huge noob) Assume winners 5 times bigger than losers on average: 5R. And the winrate is of 20%. So that's a PF of 1.25, all good. To keep it simple there is no trailing until...
Understanding Impulsive and Corrective Waves We need to review some basics around price movement before moving into the exact mechanics of the Elliott Wave Theory. Each price chart has three basic types of price action phases. Elliott Wave (EW) price patterns are divided into: impulsive, corrective, and consolidation. Impulsive waves (momentum/motive waves) An...
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...
The original article will be short and basic, like what you see in the mirror. It's just the supplementary reading to the prior article on technicals, it's the part seven point five. The emphasis is on what TO AVOID when conducting research or pursuing a technical indicator catalogue. There are thousands of dead end indicators, many of which are borderline...
6/2/2020. SPX 4 hours chart Expecting some zigzags but moving up. If breaks SPX 3100, major pivot likely around 3250 zone for cycle_1 top
Trend is the direction of the market. In other words, it is the direction of peaks and troughs that constitutes market trend as the market generally move in successive waves (zigzags) with fairly obvious peaks and troughs. The market moves in three directions: 1. Upward trend or uptrend (bullish) – Series of successively higher peaks and troughs – “go long” 2....
HOW-TO GRID TRADE (Tutorial #2): How a Crypto Trading Bot Automates Your Trades +PLUS+ Quick Set-Up Tips OK - TUTORIAL #2 - LET'S UNDERSTAND WHAT WE'RE DOING Automation via a trading bot will help you execute your grid trading strategy. (The bot I recommend is linked below and connects to your choice of 25+ various exchanges. My instructions are...
1. The Elliott Wave Principle posits that collective investor psychology, or crowd psychology, moves between optimism and pessimism in natural sequences. These mood swings create patterns evidenced in the price movements of markets at every degree of trend or time scale. In Elliott's model, market prices alternate between an impulsive, or motive phase, and a...
Leading Diagonal : Elliott wave Analyisis This pattern subdivides into 5 waves. Wave 2 never ends beyond the starting point of wave 1. Wave 3 always breaks the ending point of wave 1. Wave 4 usually breaks beyond the ending point of wave 1. Wave 5 in the absolute majority of cases breaks the ending point of wave 3. Wave 3 can't be the shortest. Wave 2 can't be a...
Using my vast experience in Elliot wave labelling, I charted a super cycle count for NIFTY INDEX. NIFTY Completed its 5 legged 3rd wave and extended its ''B'' Wave recovery(Running flat correction)to16700 A five legged wave 'C' of WAVE ''4'' will bring the index to minimum 38.2% to 11300 before April 22 and oscillate up and down till July24 We have more time to...