After seeing several charts on this site, I've noticed some common mistakes; re-tracement levels, pattern recognition, wave counts, and, trend-lines, along with, channel formation cover a lot of them. Some thoughts: Re-tracements / Projections don't always conform to 0.62 /1.62 ratios. Think about it. Is a 62% re-tracement really bullish? 38% and 50%...
Hello! Hope everyone had a great weekend. I'll post more examples in the comment section below to help you develop a better understanding of where and how to identify ending diagonals. Feel free to write your questions in below. Please share, comment and link this post for more educational posts :)!
How to trade a "abc" structure (Part 2) TACTICAL: SELL "B" Thank you for your support and trade with care! ABC STRATEGY (Part 1)
I just spotted a very nice Wolfe wave pattern. Sadly just right now. But I thought to publish it as education, since it strictly followed the rules. 1. Waves 3-4 must form a channel with wave 1-2 2. Wave 1-2 equals waves 3-4 3. There is regular time between all waves 4. Wave 5 exceeds the trendline created by waves 1 and 3 5. If price rebound above the trendline...
Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly...
Basically Elliott Wave rules state that the market moves in a series of 5 and 3 Waves. Here we are going to take a look at the basic 5 Wave structure and general fibonacci rations that come into play with these Waves. As you can see in the main picture that we have a 5 Wave down movement which has all the ideal fibonacci ratios.
Combined Elliott wave analysis and cycle analysis through PRO Sinewave (beta) both tend to confirm a TP area nearby the current prices which would mean the end of subwave 3 of our supposed last impulse (V) that is our extended wave. Which means that we may still have a final 5th wave to complete on the subcount in order to finish this cycle. Anyhow bulls must get...
How to trade a "abc" structure (Part 1) TACTICAL: SELL "B" Thank you for your support and trade with care!
TYPES FLAT CORRECTION WAVES: There are three predominant types of flat corrective waves. These include: Expanded flat: This is arguably the most common flat wave formation and occurs in the second and fourth wave of an impulse wave. What connects the expanded wave to the initial impulse wave is a zigzag or other types of triple or double connection. In a...
Channel strategy is a simple and complicate strategy. A. Using it with Elliot Wave to follow a trend. Follow the trend by "buy low, selling high". B. Find a new turnover trend by a channel retest. C. Find a continue wave by a sideways channel breaking through. Risk Management: A. REWARD/RISH >1.5 B. Risk <2% C. Move SL to TP1 or TP2 to protect your profit
Everybody must see this analysis .There are a lot of important points in this analysis
Hi fellows, We have some Elliott Wave Chart Patterns and Classical Chart Patterns. Both Looks like same but when it comes to live market. Both behave slightly different . Although there is not a big difference according to my opinion But when it comes to enter in the market then both behaves slightly different.
Bearish Wolfe Wave warned the investor that there would be a 20% drop from days before.
The diagonal triangle is a particular type of wave composed of Five minor movements that move within two trendlines, both ascending (or descending), converging in the direction of main trend. Diagonal triangles substitute for impulses at specific locations in the wave structure. They are the only five-wave structures in the direction of the main trend within...
Sequence of Impulsive Waves (12345 bullish). These are 8 Fibo/Ratio we use in our analysis/setup. From a technical point of view (guidelines), traders try to: => take Long Position on Wave 2 (38%/61.8% W1) => and Stop below Wave 1 (close bar) => take Long Position on Wave 4 (38%/50% W3) => and Stop below Point 1 (close bar) Thank you for your...