Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves.
Elliott Wave is fractal and the underlying pattern remains constant. The 5 + 3 waves define a complete cycle. They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Fifteen different degrees of waves can be identified with each of the 5 smart drawing tools, allowing users to visually identify different degrees of waves on a chart. The key to trading Elliott waves successfully is counting them correctly for which there are rules and guidelines.
Tron is in a very complex symmetrical pattern. There exists 3 differences in price, and 1 difference in time between adjacent waves. This fits within the rules for a symmetrical and also lines up nicely with the end of the more clear symmetrical that has formed on Bitcoin. Because the major trends are usually correlated we've likely found a bottom here and will ...
On daily chart the trend is still bearish, and sincerely, we expected a completion of the bearish impulsive structure slightly low (wave 5 around 0.6470/0.6450). At the same time we do not exclude that what we see on EW chart, wave 5 completed, it could be corrected, so if our analysis is correct, the pair should work the trendline (resistance) in the short term, ...
From a technical point of view, the pair has reached an interesting resistance area around 112.40, and technically speaking, we can try to take short position with stop above 113. This setup is at high risk, so we will use a reduced size (you can set 100$ max loss).
MONEY MANAGEMENT: No bad R/R ratio (<1:3)
If you think this analysis can be usefu, please, leave a ...
ADA 30% + 100 % +
The ADA price fits well into the theory of Elliott waves. If the price crosses the shifted short MA, you can get a profitable deal.
If you take the risk now, you must set a stop-loss.
All good luck and good trade.
Hello traders.
I'm sorry, but while I was working on today's analysis video, today's new trade setup was going in my direction. I'm in the trade and it has gone very well so far. As you can see I took the trade after it makes a flag after the reversal impulse which broke the 1H trendline. Now it's breaking the 4H trendline as well. After this breakout, I will ...
GBPUSD is presenting a very decent short setup at the moment.
Price has hit the top of the channel, with a loss in momentum, forming a divergence in RSI.
We have a confluence in the Fib extension ratios too.
*Disclaimer - This analysis alone DOES NOT warrant a buy or sell trade immediately. Before you enter any trade in the financial market, it is very ...
The biggest retracement of Weekly group wave was broken at the wave VIII for the Uptrend
The Group wave H4 (1)(2)(3) have a rule wave. Thus, I predict EURUSD will up accord to Weekly signal
- Target 1: the last top
- Target 2: Butterfly pattern (127.4 Extension)
- Stop loss: 1.15626
XVG is one of the terrible growths in 2017 - 2018
With our observation, the XVG has not escaped the downtrend and is still correcting.
We will wait for short-term trading in the area from 130 sts to 430 sts, and long term trading on the 3x
For us this is a potential trading code but contains too many risks at this time
Wish you successful trading!
I keep narrowing my projection for the top of the market as more days elapse and more data comes in. I have been contrarian to the 'pundits' and still strongly believe the market will top before the end of 2018. I am right now projecting a near-term top to occur by the end of this week or beginning of next week around 2930. This will wrap up intermediate wave 3 ...
Hello Traders,
Dow Jones Elliott wave view suggests that the cycle from 08/15/18 (24946) low ended at the peak of 08/29/18 (26186) in red wave 3.
Below from there, it ended the pullback in red wave 4 at 09/11/18 low (25767) and already broke to new highs confirming that the next extension higher has started.
The internals of the red wave 4 pullback unfolded as ...
We are ending this impulsive wave higher in wave C of wave B of wave 2.
Wave 1 is longer than wave 3 therefore wave 5 can not be longer than wave 3 giving a clear invalidation point (stop loss) for this count.
So,
* Entry : 112,32
* Stop : 112,72
* Target 1 : 110,40
* Target 2 : 109,90
* Target 3 : 109,00
Look left, the downtrend signal is activated (drop beyond 120% of the biggest Retracement of the uptrend)
Two group waves for sell:
1. At the H4 timeframe (group waves (1)(2)(3)...).
2. At the H1 timeframe (group waves 1,2,3...).
Early entry: 80% Fibonacci (80/20% rule)
Reasonable entry: Sell limited at 90-100% Fibonacci
Late entry: Wait to signal at the ...
Hello Traders,
the „alternate“ count as of my last analys step in front and N50 has made a wave „b“ high at 11523.25 on Sept. 14! Since than he declined in a wave „c“ and meet today support @ 11208 zone. A zone were a wave „4“ of one lesser degree is placed and it is too the 0.618 Fibonacci of wave „a“-“c“! So the odds are high that a countertrend is next to occur ...
Hello everyone,
as mentioned in an older analysis, I think the dow is in a strong uptrend. We have seen a nasty wave 4 ending at 23.451. Since then three significant 1-2 elliott-wave-setups have formed; second and third with extreme short second waves: one of the signs showing us that we are in forward gear.
For all of you not invested yet: the best time to get ...
![NZDUSD: [NZDUSD] EW ANALYSIS](https://s3.tradingview.com/x/XPiPv4TV_mid.webp "[NZDUSD] EW ANALYSIS")
![USDJPY: [USDJPY] BEARISH SPECULATIVE SETUP](https://s3.tradingview.com/o/OUVcRtoc_mid.webp "[USDJPY] BEARISH SPECULATIVE SETUP")
