Ralph Nelson Elliott acknowledged 9 degrees of waves from the Grand Super Cycle degree which is found in weekly and monthly time frame to the Sub-minute degree which is found in the hourly time frame. He labelled them as below mentioned. 1 Grand Super Cycle 2 Super Cycle 3 Cycle 4 Primary 5 Intermediate 6 Minor 7 Minute 8 Minuette 9 Sub-Minuette It is a good...
Why is it critical to be able to identify Ending Diagonal waves - because normally their completion is followed by the reversal of trend and in some cases with explosive price movements. Above are the general rules for all the internal waves and for different variations of the pattern - Expanding and Contracting Ending Diagonals. Why is Ending Diagonal forming...
Characteristic waves "1": -Commonly,during the bottom start of waves "1"the accompanied news is generally bad, the period often exhibits the occurrences of recession (during intermediate wave degrees),or even depression and war(during large wave degrees). -At this point and given that the input information on the current economic situation dos not look...
Hello! Well wishes to you! In this tutorial is seen varying arcs with more - or less - eccentricity. In practical trading terms, the eccentricity would be how much time the arc covers compared to how much price it covers. An arc covering one days worth of time for a set amount of price would have more eccentricity - making it more oval shaped - than an arc...
mostly just mustering the energy to label additional waves beyond m0,m1, and m2. Feel like I have had one or both feet in the grave this past week. Ok, enough with the relaxing thoughts. I was going to say that this wave falls under rule 1 condition a... but I was trying to do this from memory, and I'm not that confident in what the logical extensions of rule 1...
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 :)
Here is a chart of EURCAD. There were various opportunities available both short term and long term. Once you can identify chart patterns, you can easily anticipate where price will go next. A great chart pattern that I always use is flags - Bull Flags and Bear Flags. In the chart you can see that many times price impulsed and then created a flag and then carried...
The basis of the technical analysis is the trend. It is a price movement in a certain direction. Upward trend: Trend down: Between trends, the price likes to relax in the lateral movement, when the trend itself is absent: Wavelike trends. Unfortunately, if the trends were straight as an arrow, your cat would be able to earn. However, trends rarely go...
Information is king, except when it's trivial.
Look at things from a different perspective. Maybe then you will find what you're looking for.
You are your worst enemy but also your best friend.
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.
#WAVES My entry is between 1140 - 1170 , and my Targets are the Fibonacci levels: 1270 - 1400 - 1640 - 1890 Putting my Stop Loss at 1099
IN this tutorial I'm going to show you a fast and quick way to Count Elliott Waves within 10 Secondss In this part 1 of the video I'm going to show you How to Identify Wave 3. Ground Rule: Look for a the tallest PEAK on the AIMS Wave Histogram. That is Your WAVE 3.