This is an educational post on Elliott Impulse Wave structures, and how the theory can be applied to Bitcoin's chart, in order for us to identify the overall market trend. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not responsible for the profits or loss generated from your investments. Trade and...
MY Chart clearly show's that SPX just completed it's 5th wave expansion after major 4th wave which was ended on 2009 As per NEO wave analysis the ''TERMINAL 5 TH WAVE'' in S&P500 INDEX is ended this month after a spectacular Rally for 13 years. Now the game has to change on the hands of BEARS for at least 5 years. I invite any querries about my wave counts and...
If you are interested in charting elliotwave where many thinks its a holy grail of making profit in the market like me I have here to share the knowledge.
Using my vast experience in Elliot wave labelling, I charted a super cycle count for NIFTY INDEX. NIFTY Completed its 5 legged 3rd wave and extended its ''B'' Wave recovery(Running flat correction)to16700 A five legged wave 'C' of WAVE ''4'' will bring the index to minimum 38.2% to 11300 before April 22 and oscillate up and down till July24 We have more time to...
●● 𝙄𝙢𝙥𝙪𝙡𝙨𝙚 (IM) ❗❗ Rules ● An impulse always subdivides into five waves. ● Wave 1 always subdivides into an impulse or a diagonal. ● Wave 2 always subdivides into a zigzag, flat or combination . ● Wave 2 never moves beyond the start of wave 1 . ● Wave 2 always ends in the territory of wave 1 , and wave 4 in the territory of wave 3...
Hi, traders! Today we gonna speak about Elliott wave principles. The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional...
Hello guys :) Today I'm going to teach you what diagonal wave is. The normal wave counts like 53535 but this wave has 33333 waves. Most ending diagonals have a wedge shape like this one. Follow me for more tutorials. Cheers :)
Hello guys :) In this Elliott we have something called truncation or failure. It's because wave 3 is too large and wave 5 cannot reach wave 3. Follow me for more tutorials. Cheers :)
Hello guys :) Sometimes we have 9 waves instead of 5 waves. This is rare. Follow me for more tutorials. Cheers :)
Hello guys :) In the previous tutorials we have taught you what Elliott wave theory is. In this tutorial we're going to talk about extensions. we have an extension in either wave 1, 3 or 5. Follow me for more tutorial. Cheers :)
Hello guys :) The Elliott wave theory has 3 rules. Follow me for more tutorial. Cheers :)
The elliott wave consists of three impulse wave and two correction wave. And each impulse wave consists of 5 waves. And each correction wave consists one ABC wave. And after all it consists one ABC wave. It's like the number 53535. Follow me for more tutorials. Cheers :)
Elliott Wave Theory What is the Elliott Wave Theory? The Elliott Wave Theory came from Mr. Ralph Nelson Elliott in the 1930s. The Elliott Wave Theory said that there are five waves in the main trend with three waves in a correction. The smaller patterns together form the bigger pattern. Pattern Identification Wave 1, 2, 3, 4, and 5 run in the direction of...
Many Claim Elliot Waves are a false pseudo science. I present the last 30 years as an example, n a monthly time frame, the last part of the "Grand Supercycle" Bull Market Elliot predicted The 1990's Wave I, ( The dot com bubble) complex and impulsive. 2000-2003 Wave II down, simple corrective ABC. 2003 until Nov 2007 Wave III Up Impulsive and Complex. ...
Elliott Wave Analysis of S&P500 Index
Here is how I count in a tight frame. Y of WXY has one more leg up to complete cycle of WXY correction or it may end right here so both are called irregular flat We should see lower prices at BTC does not matter WXY ended here or one more leg left to go
Usdjpy is pointing at a new opportunity to sell with this corrective pattern. This correction is one of the five types of corrective patterns that correct the completed cycle of the prevailing trend. Zigzags (5-3-5), Flats (3-3-5), Triangles (3-3-3-3-3), Double threes which are a combination of two corrective patterns previously mentioned. Then lastly a Triple...
Here's a short video for any new traders who want to learn the basics of elliot wave analysis. I made this for a friend but thought I'd just post it on a public platform so it could help others as well. Pardon the quality! I've never made a video before so shall continue to improve in the future :)