Elliott Wave triangles are corrective patterns that consolidate the previous trend. Elliott Wave triangles consist of five waves labeled a-b-c-d-e. There are 3 ways of trading Triangles potentially in Elliott Wave.
1. Conservative Entry
2. Aggressive Entry
3. Supper Aggressive Entry.
Conservative Entry approach, we wait for the triangle to complete(A,B,C,D,E)....
It is crucial to understand the price action prior to a high impact news event.
Analysing the range to the left beforehand can help you determine what move is likely to come next.
In this example, we saw the price was driven down by the bears to stop out buyers, only to reverse immediately to the upside moments after the news had been released.
By studying and...
A key part of technical analysis is to identify the different phases and patterns in the market.
So, what can we see?
- We can see that we're within a major ascending parallel channel and price has been respecting it. When price approaches either extremes of the channel, it rejects aggressively.
- There are 2 key phases at play here. The blue phase is the...
hello
here i tried to test my strategy of trendlines.
as you will see it is reliable and useful to save and update your drawn line on your chart, because it guides you to know in advance the breath of your market.
it is like if you draw a path that it will be run by the market. like if you have a cristal ball showin you where and how our market decide.
be patient...
For almost a year DXY has been in an uptrend but we may soon be at the end.
Last Friday, DXY closed with a bearish candle at the double top region, indicating that there are al lot of sellers at that level. If we continue to show bearish pressure, we can soon end that uptrend and take advantage of USD weakness across the board.
Here's a brief breakdown on how...
Long long term just wanted to make it once and follow or update would love to find out how it turns out not a trading advice do your own ta thanks. It's a leading diagonal and no sir no moon sorry till we see a deep deep correction after 75k max.
Dear Market Traders,
As you can see, many of us are confused regarding Bitcoin's future path. I believe that many people are hitting SL these days, and once they enter the market, the price goes in the opposite direction.
I'd like to share an idea with you that may help you cease trading before Bitcoin reaches 57200~56200, which may occur on November 8th between...
Usually, average hourly earnings don't print positive. I have seen very few times NFP and Hourly earnings published positive together in the last 13 years.
When companies hire more people, it's expected that they don't want to pay more and overtime. But, on the other side, companies don't recruit new people, and then they pay more overtime to their existing...
MY Chart clearly show's that SPX just completed it's 5th wave expansion after major 4th wave which was ended on 2009
As per NEO wave analysis the ''TERMINAL 5 TH WAVE'' in S&P500 INDEX is ended this month after a spectacular Rally for 13 years.
Now the game has to change on the hands of BEARS for at least 5 years.
I invite any querries about my wave counts and...
It's a very simple strategy. It is more reliable the longer the timeframe.
1. Find a TREND LINE
2. Wait for the BREAKOUT
3. Buy while price is RETESTING the TrendLine
4. During LATERAL movements Keep in mind other indicatores such as RSI or other support lines.
5. Enjoy profits during the UPWARD movement (Take profits gradually during the upward move)
Upside range 18135, but 18150 cross Possible 18500-19000, 18135 Reverse 17600-17400, 17400-17600, 17600-17200 Possible Range, Always small stoploss with trade, Nonsebi Register (Only Education Purpose)
Hello traders!
This is another educational post just to break your false perspective which will benefit you and it will also help you not to fall into the trap of uneducated traders.
I have seen traders who just make a trendline line and put a bullish arrow and say that after the breakout price will go to heaven but in reality breakouts never works and they are...
Do you want to be a profitable and successful gold trader?
Know about the economic conditions in the USA.
Use Pure Price action.
Use your trading psychology.
As long you are good at a fundamental and technical chart, it will constantly develop your trading psychology.
Then use pure price action as I said in the video. if fundamental and analysis support...
📕📗📘In Elliott wave theory, a flat is a figure consisting of three waves, the ends of which are called ABC . This is a corrective pattern going against the trend. This pattern may look like a simple range that spends more time on sideways movement than on a real price increase. The pattern, as a rule, is a shallow pullback of the previous trend and can sometimes be...
📓Back in 1930, Ralph Nelson Elliott decided to figure out how the market works. After a long analysis of the charts, Elliott made a discovery that still does not lose its relevance. Elliott was able to identify the "breath" of the market. This new method of graph analysis is called Elliott Wave Analysis . As it turned out, the theory of wave analysis can be used...
