Rule is rule • Impulse wave subdivide into 5 waves. In the chart, the impulse move is subdivided as (1), (2), (3), (4), (5) in minor degree Wave 1, 3, and 5 subdivision are impulse. The subdivision in this case is 1, 2, 3, 4, and 5 in minute degree. • Wave 2 can’t retrace more than the beginning of wave 1 • Wave 3 can not be the shortest wave of the three...
Maybe this near "full-stack" technical analysis using Wyckoff and Elliot Theory along with relevant indicators such as Moving Average and Cumulative Volume Delta (CVD) will puzzled some of the traders who used to have a simpler analysis on the market. But to those who curious this is something that is really interesting to know. The chart above is showing us how...
Follow We Trade Waves 4 Golden Trading Rules! 1) Do Not Over-Risk Big Risk = big loss = potential big profit | Small Risk = small loss = potential big profit (Read this again) 2) Do Not Over-Trade Successful trading is not about trading often, it's about being selective and trade correctly! 3) Do Not Trade Without Stop Loss Check GBPAUD, CHFJPY,...
Fibonacci Levels, Pitchfork, Fibonacci Arcs, Gann Square, Gann Fan, and Elliot Wave are technical analysis tools used in trading to identify potential levels of support and resistance, anticipate future price movements, and make informed investment decisions. These tools are based on mathematical calculations and relationships between price, volume, and time. They...
Hello, my dear friends and happy New Year! I wish you to be healthy and reach all your goals in trading and not only! Never give up on this difficult way which we are going to overcome together! Today we have a very important topic. How to use Elliott waves instead of classical chart patterns. This is the natural exposure why the chart patterns are garbage. I...
Dear traders, In this video I want to look at some basics of Elliott Wave analysis and how to spot top/bottom or reversal of a trend. There are specific patterns that can help us define useful set-ups for potential trade idea. Hope you will enjoy the video.
Chart explains how a super cycle labeled in Elliott wave Analysis
DIAMOND TOP / BOTTOM: > A trend reversal pattern indicating the end of up or downward trend - slightly off head & shoulders pattern > Price increased and declined sharply with significant volume forming a diamond shape > A mix of expanding and contracting triangle or wedge, often confused with a more popular head & shoulders > Timing could range from days to...
A good example for a full MTF Wave Stoch RSI full wave on the 12h time frame with clear entry and exit on the MTF. Although it is an old PA for JASMY, I find this one of the best case studies on how to read the Stoch waves on the MTF for precision entries, from which we can learn from. Don't hesitate to ask if you have any questions!
Hi Traders, Hope you Doing Well. Here we have an analytical and educational article on the future of Bitcoin and also the CryptoCurrencies Trend. At first, let's have a closer look at BTCUSD Analysis to find what the plan in Greater View. in general, we are in a 5-wave downward trend, which is forming internal micro-waves from the fifth wave right now (on 2-5 is...
Smart Money Concepts since its inception with ICT have polarized the trading community mostly in a positive way, and I think said concepts are more handy for traders who have experienced many cycles in the market and are looking to refine their edge with the advancing technology and the transaction basis of today's exchanges based on a liquidity perspective. ICT...
Hi EW Fans, made you a CheatSheet how to define the end of a correction based on time. If you are sure about the start of a wave/impulse you can very easy define a possible time "vector" for the end of the correction. Start of the impulse = Zero Top of the impulse = 0.382 End of the correction at the common Fib numbers: 0.681/0.65; 0.89; 1; 1.272; 1.618 and so...
Things that do not follow Elliott's basic rules can be seen in wave 1 or A or B or C or wave 4. The difference between these models is in the type of microwaves, which are multi-wave.
This wave theory is based on the psychology of groups of individuals and statistical patterns. Every market decision is generated by meaningful information and simultaneously generates meaningful information. Each transaction being a result, becoming known to investors, joins the chain of causes of people's behavior (not news drives prices). The price...
The Elliott Wave Principle at its core consists of motive waves, movement in the direction of the larger trend, and corrective waves, any correction against the main trend. Market prices alternate between a motive phase, and a corrective phase on all time scales of trend Please refer to Elliott-Wave-Theory - Motive-Waves post covering rules and tendencies...
Elliott Wave Theory , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. The very basics of Elliott Wave Theory ; The Elliott wave principle at its...
Today i would like to share some basic Elliot Wave analysis along with an example. The Elliott Wave Theory was developed by Ralph Nelson Elliott in the 1920s. Elliott found that financial markets have characteristic movements that repeat in perpetuity. He called these movements *waves," due to the troughs and peaks that present themselves in a cyclical up-and-down...
Elliott Wave Theory Interpretation The Elliott Wave Theory is interpreted as follows: Five waves move in the direction of the main trend, followed by three waves in a correction (totaling a 5-3 move). This 5-3 move then becomes two subdivisions of the next higher wave move. The underlying 5-3 pattern remains constant, though the time span of each wave may...