Several possibilities of trades in each direction, also I talking about very important rules of the Elliot Wave Theory:
Impulse wave definition
corrective wave definition
leading diagonal definition
alternation rule by Elliot Theory
Please make your self comfortable and enjoy, if you have any questions or enlightenment, please comment and...
This is a video which I explain about ending and leading diagonals, and present how we can recognize it.
don't forget to comment if you have any question or anything you want to inlight, I wish to us all a solid trading week!
HI BIG PLAYERS,
in the chart of AUDCHF I found a new Wolfe Wave.
Today I set near the Wolfe Wave Lines also the Elliott Wave counting.
You see a typical Elliott Wave Leading Diagonal Pattern.
The Trade of this Wolfe Wave has a risk-return-ratio of 1:3 (means for every invested 1 $ you can gain 3 $)
Today we will talk about an interesting pattern on EURCAD.
Looking at the daily chart, we have seen sharp and impulsive decline in 2018, which looks like a leading diagonal in wave 1, so it's the first leg away from top that can be a signal of a bearish reversal! The most important thing for us is that we have seen only a three-wave a-b-c...
Gold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag. It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back...
The price formed double top at fibo 1.618 level, created zig zag. B leg in larger degree is above invalidation level, which tells me that this pair could be bulish up to complete running flat in following days...
Detail @ the chart..P/S: Unlike conventional, To have consistent elliot wave counts,there is ONLY 3 subwave ( abc ) counts on ANY Impulsive wave (1,3,5) VS coventional counts which is 5 subwave (1,2,3,4,5)
Hope this idea will inspire some of you !
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Dear Friends And Followers!
D4rkEnergY can be arrogant and cocky! He knows. He has been right almost every single time the last couple of weeks, but the last 2 BTC-charts were wrong. -And don't get him wrong. He will admit when he isn't right - that is part of trading!
Let's jump in and take a look at this 4H BTCUSD Chart - It's pretty interesting in fact.
It's way past my bed time here. So I'll do it quick - Sometimes it's just better that way.
- Correction Triangle (ABCDE) 33333
- Now most likely 1st Wave Leading Diagonal (3rd subwave 1-1 ratio with the 1st subwave)
- Bring the popcorn
Watch it play out! Good night!