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 :)
On noted 4 hour GbpAud chart of this week: Pure Price Action Breakout Strategy happened: 1) Price Action could not break 1.81000 twice noted on chart (resistance) 2) Price Action finally did break out of 1.81000 on Wednesday and moved higher (now 1.81000 is support) 3) With a Buy order after breakout of 1.81000 and 50 pip stop loss ( your plan and risk...
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...
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 :)
ELLIOT WAVE example for AUDJPY 🔹Disclaimer: This Chart set up is to be used for educational purposes only, this information is not a recommendation to BUY or SELL. 🔹Seek Professional Financial advice if you are going to invest or trade in the FX Market
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. Follow me for more tutorials. Cheers :)
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 :) Sometimes we have 9 waves instead of 5 waves. This is rare. Follow me for more tutorials. Cheers :)
brief explanation of ELLIOT waves due to some trading view rules,I should publish this again best regards ,SOBHAN
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 :)
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. ...
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...
Hello guys :) The Elliott wave theory has 3 rules. Follow me for more tutorial. Cheers :)
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. Follow me for more tutorials. Cheers :)