Classic tools are simple yet powerful tools but if and only if you know when to use them, otherwise they can be very misleading.
A good example of such pitfalls is inverse head and shoulders at the end of wave A. Traders who rely on this pattern regardless of its position in terms of Elliott waves may expect a new major high and become ready to make a nice profit...
ETHEREUM
“The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge.”
Hunter S Thompson, Fear & Loathing in Las Vegas.
Why Ethereum?
Ethereum is an open-source platform based on blockchain technology, which allows new developers to create their own...
i will show you the complete multi time frameanalysis for eurgbp.
monthly, weekly and daily analysis for for getting the best chances and the lowest risk
#eurgbp #eurgbpanalysis #eurgbp_signal
I always wait for a correction to occur which is, for me, an area with multiple overlapping waves.
The blue trend line is my signal line and I enter when it breaks sharply. The Wave which breaks the blue trend line may be wave X, a new impulse (hopefully), or a failure 5 based on the Elliott Wave principles.
Hi Some notes to myself and hopefully something helpful to my fellow traders for trading longer term market structure without the use of lagging indicators.
Simply looking for reversal patterns like the double bottom seen here then waiting for a break out upwards of Structure Resistance and the decending trendline .. Retest of now hopefully support.. waiting for a...
Hi, traders!
Today we gonna speak about Elliott wave principles. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional...
When applying Elliott Wave Theory for graph analysis, we must remember that nothing is certain, only probable. Very often, waves can be confused with others. For this reason, an analyst using such a theory does not have to trace the waves and stand firm on that vision, but must look for future points of validation or invalidation.
To do this, the principles that...
IS PRICE MOVEMENT RANDOM? No
There is a notion that price movement in financial markets is random and chaotic. Quarter theory suggest a clear pattern in price movement, challenging the notion that price movement is random. Quarter theory organizes the daily fluctuations of currency exchange in a systematic orderly manner.
Quarters Theory focuses on the 1000 PIP...
This is an Educational post regarding ' HOW TO TRADE WEDGE PATTERNS IN RIGHT WAY '
1. There should be a nice uptrend or downtrend before you start marking the pattern
2. join the most touches of body candle or wicks as per your trading style and what works for you
3. If a Fakeout has happened then most the chances of pattern to work increases
4. check the...
Step 1: Identify the Wedge pattern
Step 2: Measure the previous impulse
Step 3: Project the previous impulse move at the completion of the wedge pattern
Step 4: Patiently wait for TP to get hit
👋 Hello and welcome traders to another trade idea with SunnyHillCapital
☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH...
A lot of people are bullish in Oil just like a lot of people were bearish when Oil was over $140 and Bearish when Oil was down a year ago.
You have to look at your chart and trade when you are confident.
I was confident in Late march and in November.
Right now, I prefer to stay aside and wait for the fog to clear. IF it is bullish, there will be plenty of chance...
This tutorial applies to the (blackcat) L5 Whales Jump Out of Ocean X indicator. This is an Invite-Only indicator based on Tradingview. By adding the dynamic message alerts, 30~400 trading pairs tracking signals can be set in the premium account of Tradingview, once the whale/banker fund is detected. The Tradingview alert system will send the alarm information...
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves.
Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc.
The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves.
Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc.
The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
What is an Impulse?
An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time.
Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. The...
What is an Impulse?
An impulse is defined as a strong move whereby the market moves quite strongly or heavily in one direction, covering a great distance in a short period of time.
Typically, when there's a trend reversal occurring, we require an impulse in the opposite direction of the trend, indicating to us that there's a possible trend reversal. The...
Hello traders,
Here you can see the results in summary, all trades are transparent and completely free here on Tradingview. Use it for yourself and take what you need.
The next few months should generate potentially higher returns, most trades are still ongoing as they are long-term positions.
just check it out if you want.
Have a nice weekend.
