Hello traders! Today we will talk about EURNZD which has pretty clear pattern.
When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice.
Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which...
Hello Crypto lovers! Let's talk about Ethereum!
Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree!
So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big...
Hi all,
I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like.
Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves.
Corrective...
I won't ever say I'm an expert in Elliot Wave but this is my take. We are still in an abc correction and the second impulse wave heading down to the completion of the abc correction wave. Which should bring us down to around 7k before it completes.
Now I know plenty of experts are saying otherwise and I respect that, we all see things differently, don't trade...
This entire thread will be for STRUCTURE!
In the "idea updates" column I will be posting all types of
corrective and impulsive structures!
When it comes to trading the waves, the 12345ABC we all
love to draw when we first learned about the theory will be
useless (most of the time)
What we should focus on is if we're in correction, and if so
how the heck can...
