Hello guys :)
Today I'm going to teach you what diagonal wave is. The normal wave counts like 53535 but this wave has 33333 waves.
Most ending diagonals have a wedge shape like this one.
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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.
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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.
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On the ascending triangle, price is not making any higher highs but is forming higher lows, and on the 5th extension, price broke out of the pattern. The descending triangle, price was forming lower highs but not forming lower lows, making this area a key level to price action marked in gray. After the 5th extension, price broke out of the pattern. Notice when...
ETHUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Ethereum presented throughout this week. There were 2 amazing entries that were presented totaling over 350+ points! The first setup averages around 250 points and the second was around 100 points. My first entry was at the 1780 key level and the second was...
BTCUSD WEEKLY OVERVIEW 3/21 - 3/26
In this video I go over my personal perspective on the opportunities Bitcoin presented during this week. This week there were 2 possible entries that were presented totaling over 7500 pips! The first setup average around 5000pips and the second was around 2500pips. My initial target was my -13 extension level around 52k.
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Yesterday i posted a chart on Twitter, where i was expecting a bounce for bitcoin on the 4h timeframe (i'll post this general idea in the comment section). I had no clue about the kind of pattern it was going to form, so i moved to the 15 min chart, because the bounces most of the time are very fast and you need a lower timeframe. I've seen a double bottom, with...
Potential Elliott Wave Zigzag (5-3-5) correction.
• Zigzag is a corrective 3 waves structure labelled as ABC
• Subdivision of wave A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of...
Elliott Wave Post 2; after writing the first post I have received some questions. So I thought it easier to write a follow-up post here showing some tricks.
To be clear, I am not an Elliottition as a whole, I use it as part of a wider strategy on the monthly and weekly timeframes. But also we have access to an automated Elliott wave tool.
The Elliott wave logic...
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.
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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...
Bitcoin 57k-53k Sell Breakdown
In this video I go over my personal overview on the move BTC made from around 57125-53300. The video is broken down into 2 parts! First me showing my full markup of everything pieced together. The second half is a breakdown from scratch of how I put the pieces together. Market structure was a little bit shaky as the buyers are...
NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade.
The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the...
Etherum 1780-1660 Sell Breakdown
In this video i go over my personal overview of the sell setup that Etherum made from 1780 down towards the 1660 area. From the 4HR TimeFrame price action was telling the story that lined up beautifully for the continuation towards the down side. From the lower time frames the buyers were attempting to hold the support levels...
Beginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away:
You don't need special equipment or a special computer to trade successfully. If you are able to read...
