Hello Traders. In this supplemental post to my Elliott Wave guide, I will help you understand wave degrees, and what the numbers actually mean when you are labeling each wave.
Identifying the wave level (degree) that you are trading is going to be identified at any given time and will be based on what's known as a "degree".
One of the biggest problems that new...
Hello Traders. In this post I will be discussing every single Elliott Wave rule and guideline according to the Elliott Wave Theory. There are many confusions upon traders when applying Elliott Wave rules, as there are also guidelines to be considered when trading.
***RULES AND GUIDELINES ARE TWO DIFFERENT SET OF TOOLS!***
Elliott Wave Theory "Rules" MUST be...
as i use this confluence to enter trades.
🎯 Risk ON vs Risk OFF market sentiment reflects all the market activity, its not a market sentiment for crypto or forex or stock market its for all the financial markets, when i use this confluence i try to understand what are institutional/retail investors are doing are they buying risk on assets or they are buying risk...
As many of you guys know closely look at the Fear/Greed Index indicator when trading the crypto market and i try to allign the technical analysis with the sentiment analysis because crypto market is very emotional and many moves are based on the emotions either it's fear/greed or anything else.
For today the 04.02.2022 FEAR/GREED index indicator is located at a...
✅ The Madness of Crowds
One way to view the market is as a disorganized crowd of individuals whose sole common purpose is to ascertain the future mood of the economy—or the balance of power between optimists (bulls) and pessimists (bears)—and thereby generate returns from a correct trading decision made today that will pay off in the future.
🎯However, it's...
🎯 In the financial market the orders are on two categories.
✅ Market Execution orders LONG - BUY SHORT - SELL meaning that you are ok with the price on the certain asset and you would like to short or long it on the other side there is
✅ Pending Orders - meaning you are not ok with the actual price and you would like to buy/sell it later in time I use pending...
Hello Traders. Welcome to Chapter 4.3, where we will be learning about the 'Market Psychology' aspect of Elliott Waves . This is one of the most important and interesting proponents of the Elliott Wave theory as it constitutes all the psychological aspects within the whole market. If you have a clear understanding of market psychology within each level of wave...
Hello Traders. Welcome to Chapter 4.2, where we will be learning about channeling in Elliott Waves (also known as, parallel channels) - something that many of you are probably already doing in your daily technical analysis, but probably have not known that it could be used within the Elliott Wave theory. This method is going to give us an extra edge when it comes...
How to deal with news :
Good trader should look at news as a secondary factor not a main factor !!
The main factor is Technical Analysis on chart
If you dont know the reasons of buying a coin you will exit at lose !
the main rule: buy the rumors sell the news
TAKE CARE IF...
1- alot of Positive news + price is high
Because most of times market makers...
Hello Traders. Welcome to Chapter 4.1, our FINAL chapter! In this sub chapter, we will learn the theory of alternation. In chapter 4, you will learn all of the applications and guidelines on how to connect a lot of the patterns that we learned in the previous chapters.
The rule of alternation lies within the pattern of two corrective macro swings in a completed...
BTCUSD
Got rejected around .618 Fibonacci level.Is this rejection will hold the bull market.Before that we can see
minor double top pattern. The fear and greed index for BTC is still below the 15 level.As Fibonacci principle
Our primary bullish target would be 42400.00 which is 1.272 level
Hello Traders. Welcome to Chapter 3.6, THE FINAL SUB CHAPTER! You made it this far, congratulations, you have learned a lot of the basic and complex patterns. We are going to finish this sub-chapter with the final complex correction pattern called the "Triple Three" pattern, which is VERY similar to the double three!
Chapter 3 Glossary:
3.1 Zig-Zag Waves
3.2...
Hello Traders. Welcome to Chapter 3.5, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...
Hello Traders. Welcome to Chapter 3.4, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...
Hello Traders. I hope you enjoyed chapter 1 and studied hard. If you are having a hard time understanding chapter 2, please go back to chapter 1 and study that chapter first.
Chapter 2 - Motive Waves:
2.1 Impulse, Leading Diagonal
2.2 Ending Diagonal, Truncation
2.4 Extension, Fifth Wave Extensions
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2.1 Impulse, Leading Diagonal:
Impulse Wave
As...
Hello Traders. I would like to introduce a new series of articles pertaining to the Elliot Wave theory. We are seeing higher interest in Elliot Wave theories these days but many traders and investors have a hard time grasping the foundation of Elliot Waves. I would like to finally start implementing my overall view of the basics on Elliot Waves so that investors...
