In today's lesson I will explain the difference in consolidations. Some of you are new to the market and are probably wondering what's happening exactly when it's not moving in price and when it's moving down more than up but would later return to the last price it was. Well to best answer that question. It's called consolidation: It's a thing that happens...
The US Dollar Index (also known as DXY or USDX) measures the value of the US dollar against a basket of foreign currencies. Therefore, it provides us with an insight into whether the dollar is strengthening or weakening compared to other major currencies. This index has a positive correlation with currency pairs where the dollar is the base currency. Conversely,...
The theory of Elliott Waves, an intricate subject we've delved into in previous posts, beckons me once more to distill its essence. Let's gather the pivotal elements anew, unraveling the complexities to forge a deeper understanding. Elliott Waves exhibit fractal characteristics. Each wave possesses segments that closely resemble the entire wave, a quality known...
United States - Consumer Price Index CPI-Consumer Price Index quantifies the rate of inflation (ie the rate of change in prices) from the perspective of consumers when they purchase goods and services. The upward trend has a positive effect on the country's currency, USD. The consumer price index is one of the most watched indicators by currency traders and is a...
If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! Elliottwave and Elliotwave 3/C Entry Model. This is the minimum you should consider doing when laying out,"on paper", your favorite/profitable trade...
Hello, friends. I wanted to share that I've been studying the Elliott Wave principle for three years now. Initially, I began with Kendel and binary options, but I always strive to find the right path when I enter a profession. I've also worked with Price Action, which I found to be good and preferable to using candles. However, I discovered Elliott Wave through...
Expected Value (EV) is a statistical concept that indicates whether our trading system or strategy will yield positive, negative, or neutral results in the medium or long term. It is based on previous results. As we know, past performance does not guarantee future results, but it helps us get an idea of how it might work and allows us to base our decisions on...
i use Elliott to read this chart , and i found it perfect , hope its clear
I wanted to share my thoughts on the significance of using channeling technique in Elliott Wave theory when analyzing charts. To begin, we draw what we call a "base channel," starting from the beginning of wave 1 and extending it to the end of wave 2. This initial channel provides us with a foundation for analysis. The following occurrence of an impulsive...
Greetings, dear friends. I wanted to share with you an interesting idea regarding chart labeling. Instead of labeling the chart, I suggest focusing on your trend line and channel. My analytical tools include the Elliott wave principle, harmonic patterns, chart patterns, and the simple yet powerful trend line. I appreciate all of my companions and followers who...
There is a sudden breakdown in the crypto market, all cypto has fallen after breaking the resistance
Hello Traders Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
This video explains the Change in Behavior concepts as well as Effort vs. Result and how Speed Index is filling the gap of quantifying these concepts. Enjoy! PS. I am really sorry about the mouse I had some windows 11 issue during recording.
Hey there, fellow crypto enthusiasts! Welcome to my blog, where we break down the complex trading world into bite-sized knowledge nuggets. Today we're diving headfirst into the exciting strategy of Dollar Cost Averaging (DCA) and how it works with trading bots. Dollar Cost Averaging Demystified Alright, folks, let me break it down for ya. Dollar Cost...
Trading is a fight between bulls and bears. In a Bull market, correction is inevitable, but it has a disciplined price limits. the above chart discuss the psychology of traders in a 5 wave price action you can apply it on any indices
Lesson 1: Be an Artist explains the following topics: Timeframe Significance Price Location Significance Drawing Support / Resistance Drawing Fibonacci Retracement – Significant Levels
In one of the previous posts, we discussed the significance of a trading journal. In the today's article, I will share with you the key elements of a trading journal of a professional trader. And first, a quick reminder that a trading journal is essential for your trading success. No matter on which level you are at the moment, you should always keep track of...
As a long time trader and professional investor, it's been awesome seeing the evolution of Bitcoin. It's a place for influencers to say stupid things like Bitcoin to 100k or 250k without any real merit or logic behind such a price point. Often the analysis consists of a handful of useless lines drawn from nowhere to somewhere of interest on the chart. To...