The gap theory is short and simple. Not everything needs to be lengthy and laborious. "Everything should be simple as possible, but not any simpler"
Break-Away Gap
Once a new cycle has begun and you see a breakaway gap in the STARTING of a move, you get confirmation of this new cycle. HOLD.
Run-Away Gap
Once the trend is continuing for some time and...
I thought this would provide a good demonstration of Elliot wave theory with Dogecoin. I spotted this on a 2/5 minute chart but it displays nicely here too. Elliot wave theory depicts a retracement period, with waves a, b, c, and d (down, up...) all forming a horizontal triangle. Wave E breaks the down trend which fits perfectly with Elliot Wave theory. Watch...
ending diagonal ruls:
1. w13sub waves
2. w2<= 61.8 of w1
3. w3 < w1 & break end of w1
4. w4 <= 61.6 of w3 & overlap w1
5.w2 & w4 related 61.8 by price or time
6. w5 >= 50% of w4 & < w3
........................
so i think wav 4 just start
A Fazı
İlk faz, yerleşmiş bir yükseliş trendinin azalan talep nedeniyle yavaşlamaya başlamasıyla ortaya çıkar. Öncü Arz (Preliminary Supply (PSY)) satış gücünün kendini göstermeye başladığını işaret eder ancak halen yükseliş trendini durdurmaya yetecek kadar güçlü değildir. Daha sonra yoğun bir alım faaliyeti sonucunda Alım Zirvesi (Buying Climax (BC)) oluşur. Bu...
If you want to understand what the market is doing, the best thing you can do is spot these pattern combinations.
Elliott's wave principle is not a theory, it's a principle. that word itself means it explains the behavior of the waves. how they start.
it's a big different concept from a hypothesis, which may or not happen, a theory.
We get impulsive, corrective,...
I was asked how to count 9 waves from Tuesday to Thursday.
So I answer it here also this weeks price movement because it's important.
I analyze mainly H4 on weekdays, Weekly chart on Saturday or Sunday, and sometimes H1 to see detailed price movements in H4.
I think that there were 9 waves from last Tuesday to Thursday.
There's some ways to count waves but when...
it is vital for all traders to control their emotions. getting excited is natural for everyone but if you want to be a successful trader you have to learn how to control your feeling. we trade based on the facts not feelings!.
there are always alternative scenarios and a wise trader should be prepared in advance. being aware of alternatives can help you to control...
Hi traders!
Today we gonna show you some alternative patterns of Wyckoff reaccumulation. Hope, you'll find it useful!
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions.
Whale and Banker Fund Tracking Indicator
I have been working on developing indicators on how to track the banker funds or whales. In my open-source indicators published, you can search for the keywords "Banker" or "Whale" to find and use these indicators. After three years of development and hard work, I have perfectly combined the banker fund/whale...
Hello guys
This is triple combination structures. We have three ABC waves and WXYXZ Wave.
This is seen in consolidation markets.
Follow me for more tutorials.
Cheers :)
Hello TradingView Family, Rich here, and in this video, we will cover:
1- How to Make Top-Down Analysis
2- How to enter with extra confirmation
3- How to put the odds in your favor
Enjoy it 👌
All Strategies Are Good; If Managed Properly!
~Rich
This is not a forecast or a signal! it's just an example of an occasion which a pattern like Wolfe Waves worked well !
This chart has almost followed the rules of Wolfe waves , unless the first point is not exactly on the right place!
1st point: Start of the wave
2nd: First top of the channel
3rd: First low of the channel
4th: Second high of the channel...
Hello traders
Remember our last idea on this ratio?
There was chance to open buy on 4h chart with broken channel.
But this ratio turn down very soon BY TESTING 4H RESISTANCE ZONE twice.
If you open a trade on the circle position on 4h chart we marked out, now the reversal japanese pattern ( engulfing pattern) beneath 4H resistance zone was a signal to decice...
How to build your Trading System?
A simple trading system should include:
Step 1 Strategy to decide which direction to trade.
Step 2 Before you enter a trade, set realistic profit targets and risk/reward ratios. What is the minimum risk/reward you will accept? Many traders will not take a trade unless the potential profit is at least RR>3. For example,...
Hello Traders. Welcome to Chapter 3.5, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...
So this post is a little different - it's not an analysis or really a tutorial. I am looking to see what the community sees as the strangest, craziest, most colourful, most interesting or pointless indicator, strategy or tool?
About 2 years ago I was shown a strategy/technique - I assumed it was complete rubbish, it talks about Lunar dates, cycles. Now although...
Breakouts are one of the most common trading strategies. They involve identifying a key price level you expect the price to break through, and then buying or selling at that price in order to take advantage. Generally breakouts are used when the market is already near the extreme high or low of the recent past.
