Many Claim Elliot Waves are a false pseudo science. I present the last 30 years as an example, n a monthly time frame, the last part of the "Grand Supercycle" Bull Market Elliot predicted
The 1990's Wave I, ( The dot com bubble) complex and impulsive.
2000-2003 Wave II down, simple corrective ABC.
2003 until Nov 2007 Wave III Up Impulsive and Complex. ...
Welcome Traders >> We Have Here Opportunity And Direction For DXY
♦ We Have Wolfe Wave Pattern
♦ We Have Trend Area
♦ We Have Fibonacci 23.6 Area
♣ So We Maybe See More Down For DXY ♣
Hello my friend | Welcome Back.
Please support this idea with LIKE if you find it useful.
***
What Is Double Top and Bottom?
Double top and bottom patterns are chart patterns that occur when the underlying investment moves in a similar pattern to the letter "W" (double bottom) or "M" (double top). Double top and bottom analysis is used in technical analysis to...
Compression Triangle Forming, + Reduced Volume. 95% chance of large market bearish correction, at fib .618 and MA200 confluence.
Expect deep correction, possible new low if equal measured move.
Or in English, pretty dang good chance that we are going to see another crash very soon, deeper than previous one.
Some news event will trigger it in the next few...
Decided to brush up on my Elliott wave theory. Here are my thoughts as it applies to the S&P500 as it stands currently and where it can be headed strictly applying the established rules and counts. This is purely for visual purposes. Prices and targets not calculated. Please let me know your thoughts.
there is an important thing that you should be wary of if you want to enter long term trades and that is your trend. here we have trends, both waves and corrections, and their timeline so as you know before 1676 break you can't tell any other goal because the nature of gold is now in an up Trend from the year 1999. and one more thing that you should be careful...
O Captain! my Captain! our fearful trip is done,
The ship has weather’d every rack, the prize we sought is won,
The port is near, the bells I hear, the people all exulting,
While follow eyes the steady keel, the vessel grim and daring;
But O heart! heart! heart!
O the bleeding drops of red,
Where on the deck my Captain lies,
Fallen cold and dead.
Hello traders!
GBPAUD is clearly bearish, as we see a sharp fall in impulsive price activity down from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections. Now, we are tracking a wave 4 correction which started at 1.768 level, and it can climb a little higher as corrections are made by three...
Here is how I count in a tight frame. Y of WXY has one more leg up to complete cycle of WXY correction or it may end right here so both are called irregular flat
We should see lower prices at BTC does not matter WXY ended here or one more leg left to go
A quick tutorial on how base to base movements in gold has been forming and reacting lately.
Hope this helps and if you'd like to see more similar vids
AS WE CAN SEE NIFTY 50 IS GIVING ROUNDING BOTTOM BREAKOUT ALTHOUGH WE CANNOT CONFIRM THIS BUT WE CAN SAY THAT CURRENT TREND IS STRONG AND WE CAN SEE UP MOVE ION FUTURE
ONLY FOR LEARNING
Hello traders!
Today we will talk about Bitcoin Volatility Index and we will show you how to understand and read it compared to the BTCUSD chart using Elliott Wave theory.
Well, BTCUSD is in an impulsive rise from March lows and currently we are observing the final wave 5, mainly because of a rise out of wave 4 triangle, which in EW theory suggests the final move...
Usdjpy is pointing at a new opportunity to sell with this corrective pattern.
This correction is one of the five types of corrective patterns that correct the completed cycle of the prevailing trend. Zigzags (5-3-5), Flats (3-3-5), Triangles (3-3-3-3-3), Double threes which are a combination of two corrective patterns previously mentioned. Then lastly a Triple...
![IBEX35: Dead cat bounce explanation. [Spanish version]](https://s3.tradingview.com/r/RFFIsQqs_mid.png "Dead cat bounce explanation. [Spanish version]")
