Kondratiev wave
The economic cycle has four phases: improvement, prosperity, recession and depression.
Now we are in a phase of recession or inflation Economic bubble.
Within the next 5 years there will be big changes in the world.
Shange of the financial system, the educational system, technology.
In 2000 We didnt moved from the 20th to the 21st century. We use...
Hi Friends,
I have left the above Nifty chart without proper description on purpose. Just take a look at the chart, if you can understand why those lines are drawn, its fine. If you don't then also its perfectly fine. But whats not fine was,taking trade decisions without knowing what those lines where.Do you think complex systems are better than simple trading...
Hi Guys !
This post will be different from my usual style. Its gonna be combo of how to use Elliot waves to our advantage and trade setups also explained. So this will be Learn n Earn Series, just an info before jumping into analysis, please note that I follow My own style of Elliot rules which is slightly different from primary Elliott rules. I have modified...
For my newer followers or those that missed this post previously, here's a generic trade plan explaining all those horizontal lines on my charts. Notes on the image should be self-explanatory. Minor and minute waves are shown, but this method can be used on any time scale / Elliott Wave degree. Learn more about trading Fibonacci Pinball from the pros at...
Hey traders, here is an example of a typical bullish Wolfe Wave setup. Price creates two converging descending trend lines. Point five often overshoots and touches the parallel of the 2-4 line, presenting an entry opportunity. Profit is taken at the 1-4 line. For the bearish setup, the lines must be converging and ascending, and same rules apply. Trade with...
Waves 2 and 4 within an Impulsive wave will unfold in different forms: if wave 2 is a simple ABC form ( zigzag), the 4th wave is likely to be a complex wave (triangle, double three etc.)
Not an analysis, though I used recent price changes in CAC40 to illustrate the idea behind Wolfe Wave. Things are never ideal so it remains a theoretical tool but it can help to find out target levels in case of breakout scenarios from converging triangles. The presented example is a bullish scenario but you can do the same for a bearish scenario if the triangle...
Some basic "guidelines" about Elliott Waves.
I hope that somehow help to understand how the market really moves.
This is an "update" to my previous published educational chart about Elliott Waves - link below
Safe trades;
Hello, i want to share with you my prefered areas where i look for setups using EW.
This is a simplified chart of an impulse followed by a correction. Sometimes its as simple as that, sometimes is very complex.
Since i started using EW i found very profitable setups real-time. Im showing an example for each setup below.
Our work is to find a clear wave...
iMPULSE LEG:
Wave 2 = 61.8% of wave 1 (Prices usually do not retrace more than 61.8% of the wave 1 gains;
Can never exceed the start of wave 1);
wave 3 = 161% ext of wave 1 (can never be the shortest impulse wave);
wave 4 = 38.2% of wave 3 (can never overlap wave 1 );
wave 5 = wave 1
CORRECTiON:
Wave A = usually around the 50% or 61.8% of wave...
I decided to expand on my gold analysis with the help of rgmov and neowave concepts.
I think that the monthly downtrend is still valid, and that we will visit the projected target at 913.82 in time, which might validate the wave count on chart.
I entered a pending order and got filled for a short at 1129.15, and SL at 1140.56, and also entered a sell stop at...
Friends,
A with lessons and demonstrations offered over the past 24 hours (See $USDTRY, $NZDJPY, ... etc), here is another pair worth looking into, not so much from the perspective of a pending geometric completion, but as an example of developing a contingency plan.
Here, we are contemplating a short (green scare representing a conservative, prudent...
![NIFTY: Don't Be the Kid at Candy Shop [Educational Post]](https://s3.tradingview.com/s/ShVHtnXh_mid.png "Don't Be the Kid at Candy Shop [Educational Post]")
![EURUSD: EURUSD : [Learn n Earn Series -1]Tryst with Elliot wave theory !](https://s3.tradingview.com/o/OOolso7F_mid.png "EURUSD : [Learn n Earn Series -1]Tryst with Elliot wave theory !")
