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.
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared...
It feels like USOIL is poised to rally again (though can dip to make a new low). At least in wave C within a bigger corrective structure. The big picture is very difficult. Partly, I am taking my comfort from CRB chart that also looks bullish till the end of the year but can be very choppy as it is in final wave E of wave 4.
Hence I am not putting much emphasis...
Market Commentary:
READ THE MARKET COMMENTARY IN THE CHART CAREFULLY...AND TRY TO LEARN THE ELLIOT WAVES...OTHERWISE ITS TOUGH TO UNDERSTAND MY ANALYSIS
YOU CAN COMMENT ONLY FOR DOUBTS IN LEARNING EW AND NOT FOR ENTER OR EXIT IN THE TRADE OR ASKING ME OR SUGGESTING ON WHAT U TAKEN, ACCORDING TO YOUR ANALYSIS.
All information given inside the chart and i shared...
GOLD is heading to 1900-1950 area to complete wave (iii) and (v)
AND gold is expected to continue its increase to 2250-2300 area to complete wave 5
GOLD has pulled back 24% to 1485 and bounced from the trendline
It must be the lowest level over here, then we must start strong upside movement based on my elliot wave analysis. This is just my opinion, if you lose money because of my charts, i dont care.
Have a great trading guys.
See you soon over 1$
Forex Trading & Wave Analysis is all what we do here at “We Trade WAVES” TradingView profile.
We are looking for a down move on USDCHF, if you know how to trade that down move, go for it.
So if you like our IDEAS, give us a thumbs up, and leave a comment.
Our Weekly FOREX Forecast is published every single week on YouTube to help you be on the right side of...
We can see, 4th wave correction ABC, expanded flat at 4th wave which is a common thing to see of course with a desanding volume!
we can see a bullish divergence in the RSI as well, so all the dotes point uptrend right now.
Hit me up with questions, here at the comments and I'll do the I can to answer as fast and good as I could ;)
The quick analysis indicates 2 possible scenarios (ABCDE and ABC expanded flat) marked in grey and green respectively.
ABCDE also has a sub scenario in which the price can retrace below the previous low (C).
My preferred count is ABC flat. The strategy is simple - buy every dip to 1.11 but phase in gently and start phasing out when price exceeds 1.10700
In today's #marketinsights video recording I analyse the US Index and S&P 500
What affects #DXY and #SPX:
- China cancels a visit to US farms
- Trump says no need for trade deal before 2020 elections, in response to Chinese cancelation
- US President also says won't do a partial deal, only complete deal
- Fed rate cut
- Dovish banks
Stavros Tousios
Head of...
Forex Trading & Wave Analysis is all what we do here at “We Trade WAVES” TradingView profile.
We are looking for a down move on EURNZD, if you know how to trade that down move, go for it.
So if you like our IDEAS, give us a thumbs up, and leave a comment.
Our Weekly FOREX Forecast is published every single week on YouTube to help you be on the right side of...
Hello Traders,
Hang Seng made a high @ 27366.45 and declined since to 26435.67, closing basis.
The advance from 24899 on August 15 is either a „three-up“ or a one-two, one-two.
If it is a „three-up“, which would be countertrend, wave „c“ of the flat needs one more up-sequence to complete. The high @ 27355.65 was some tics above the 1.382 Fib-Extension (@27259)...
THIS IS NOT A TRADING ADVICE!!!
US economy is not showing strong signals of recession, however global trade conflicts are causing problems for the future and risking financial sectors, we are in an era of reshaping world trade. Mr.Bullard from FED, in an interview, expressed that "this time is not different" while talking about recession and yield curve, however...
Higher timeframe correction needs to be completed for either an expanding or running flat. If you trade it, you anticipate the running flat. We always hope for an expanding, but never try and predict it, always take profits early.
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