Hello guys
We have two corrective waves which are A and B. And we have one motive wave which is C.
In most cases wave B and C are breaking through the lines and this is common.
Follow me for more TS.
Cheers :)
In this video I will show you how I took a very common setup with the OR/IB indicators. The setup is to fade the first touch of the IB range, after the range has been set. As you can see, price rejected at the IB high and came down to tag the Overnight High (the magenta line).
This trade netted about 50 points on the NQ.
In this video I will demonstrate how to use my Opening Range / Initial Balance indicator to take profits on March 31, 2021.
Please watch and LIKE if you find it useful.
Thanks!
Hello guys
In this tutorial I'm going to teach you what flat correction is.
Flat correction is a three sub-waves pattern that form 3-3-5.
Wave A and B are corrective wave but wave C is a motive wave.
It's called flat correction because it is sideways.
Follow me for more tutorials.
Cheers :)
Hello guys :)
In this tutorial I'm going to teach you what zigzag correction is.
A zigzag correction is three-wave corrective structure. The A and C are motive waves and B is corrective wave.
It maybe double or triple zigzags.
Follow me for more tutorials.
Cheers :)
Hey TradingViewers!
How's it all going!
Following on from our Trading Support and Resistant Series, here's How and where to place Orders, Stop Losses and Take Profits.
If you've been following the previous posts (When Support becomes Resistance, and Resistance becomes Support and How to identify trades using Support and Resistance) you'll notice we're using...
Hey TradingViewers!
How's it all going!
In my previous post called When Support becomes Resistance, and Resistance becomes Support we identified where to place support, resistance and trend lines.
Following on from this, we're going to identify where the best places are to execute a trade. This post will identify trade setups, as well as the reason we're going...
Hey TradingViewers!
How's it all going!
I was planning my upcoming trades for this week and came across a great example of When Support becomes Resistance, and Resistance becomes Support! I'll explain why i place each of the levels, and why i place them where i do, why that's important and perhaps most importantly, how to trade it! So let's get to it.
I've...
Hello guys :)
In this Elliott we have something called truncation or failure. It's because wave 3 is too large and wave 5 cannot reach wave 3.
Follow me for more tutorials.
Cheers :)
Hello guys :)
In the previous tutorials we have taught you what Elliott wave theory is.
In this tutorial we're going to talk about extensions.
we have an extension in either wave 1, 3 or 5.
Follow me for more tutorial.
Cheers :)
The elliott wave consists of three impulse wave and two correction wave. And each impulse wave consists of 5 waves. And each correction wave consists one ABC wave. And after all it consists one ABC wave. It's like the number 53535.
Follow me for more tutorials.
Cheers :)
In this "How To" video, we take a look at typically what happens after a completed Elliott 5 Wave sequence, using the MTP Elliott Wave Script.
First, we must stress that finding the end of an Elliott Wave 5 sequence is inherently dangerous, because a Wave 5 is the "end of a trend", so very often overruns. So, the only time we would ever consider trying to pick...
There is no magical tactic or indicator to "see" the support levels on a chart, but how do astronomers know a black hole is around without seeing it? They use their brain.
There are several types of support/resistance, the obvious ones, and the less obvious ones, and which ones do you think separate the bottom 95% from the top?:
- Horizontal price level (Bitcoin...
In this video I use simple easy to learn processes to mark out support and resistance levels. And importantly analyse if buyer or sellers are currently in control of the market.
If you have found this useful then please like the post, follow my page and share with any friends you think will find it useful.
