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.
cycles and targets are clear on chart.in this type of cycle i choose a short term target and long term downside and then another jump.
good luck and if this analyze deserve a like press that.
Remember what happened with BTCUSD when the VIX spiked in early Feb?
Ha!
* See the VIX analysis in related ideas or visit my profile.
My buy levels for BTCUSD:
- $4800
- $3500
- $2800
My strategy: I used many techniques in my analysis:
Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. ...
Hello traders.
It looks like the 4th wave is in the making and my expectation is one more up move as the wave C. My target for the completion of that correction is the Fib confluence level, which is 382 retracement of the 3rd wave and 272 extensions of the previous swing. I've placed an entry order to 0.786 retracement level because, in my opinion, that point can ...
My strategy: I used many techniques in my analysis:
Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. ...
VIX (Volatility Index - CBOE) is showing signs of another "spike" in volatility sitting around the corner.
This would translate into a "fear" period.
US indices are showing wave counts which indicate that the current correction on the up-side might just finalize.
An Intermediate Degree (C) leg would be in focus for the completion of the current Primary Degree ...
My strategy: I used many techniques in my analysis:
Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or descending. ...
My strategy: I used many techniques in my analysis with
- Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
- Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or ...
EURUSD last push up to complete wave (E) of 4.
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Risk warning!
Trading carries a high level of risk to your capital and may result in losses that exceed your initial deposit.
Supplied information is not advice.
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My strategy: I used many techniques in my analysis with
- Price Action is a trading technique that allows me to read the market and make subjective trading decisions based on the recent and actual price movements.
- Price Channel is a pair of parallel trend lines that form a chart pattern for a stock or commodity. Channels may be horizontal, ascending or ...
Hello Traders,
Today we will have a look at the VOX ETF in the 1-hour chart.
Near-term the ETF ended the cycle from 06/28/18 low (84.09) in blue wave (1) at the peak of 07/12/18 (88.26). The internals of blue wave (1) unfolded in a 5 waves Elliott Wave impulse with an extended red wave 3, where it ended red wave 1 at the peak of 06/28/18 (85.43) and red wave 2 ...
BTCUSD could very likely be making a flag on the H4 right now. I think it will go sideways now for a bit. Before a potentially move up to around 7700-7800.
This is where it will meet a big trendline. When it hits, we have to see what pattern it will make. I’m affraid that we haven’t seen the bottom yet. But if it break the major trendline the we can potentially ...
Movimientos bajistas del BTC, un simple retroceso para seguir con su curso.
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Bearish movements of the BTC, retracement to continue with its course. BITFINEX:BTCUSD
