Overview:
Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current...
📍 What Is Elliott Wave Theory?
In technical analysis, the Elliott Wave theory is the analysis of long-term trends in price patterns and how they correspond with investor psychology. These price patterns, referred to as ‘waves’, are built on specific rules that were developed by Ralph Nelson Elliott in the 1930s. Specifically, they were designed to identify and...
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 :)
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 is the example of complex wave calculation based on elliott wave principle.
Overall complex correction wave consists of 5 combined wave (w)-(x)-(y)-(x)-(z).
These complex correction played out for very long period time thus can be very confusing. (w) wave is a zigzag of a-b-c, followed by triangle a-b-c-d-e (x), another zigzag a-b-c (y), followed by flat...
Hello fellas, welcome back to the Sunday update of bitcoin, Just like usual we will explain the chart work about bitcoin and its long term and short term bias. Here in this post, I'll do an elliot wave count in specific.
Looking at the above chart, we can see that there are still a possibility for bitcoin to head up to the upside of the huge down trend channel...
Hello fellas, How are you doing today? I hope you're doing great. welcome back with me with today's technical analysis about bitcoin. Yesterday's rally was so beautiful with around 6% surged to the upside. So, let's see where will the price heads in the near future.
Looking at the chart, This is my best elliot wave count for bitcoin. we can see that the 1-2-3-4-5...
Hello fellas, How are you doing today? I hope you are doing great. Let's get to the point!
If you have seen my yesterday's video analysis about bitcoin in short term and long term view (and if you haven't seen it, kindly see it on this link youtu.be ), you will be very familiar with some of this key levels drawn on the chart. After the action of breaking out of...
Elliott Wave Theory attempts to identify recurring price movements within financial markets and to classify them into a set of meaningful patterns, which can become a reliable tool for future price predictions. The underlying principle is that price-action unfolds via an endless alternation between trending and corrective cycles, while producing this effect on...
Dear Friends!
D4rkEnergy is back with an educational post about Elliot Wave-Theory. Yesterday, Philakone, a famous crypto-trader and TA-educator, was calling out one of the Top Authors in here, because he could not figure out how to draw lines. Philakone wrote the following on Twitter:
"How to NOT draw Elliot Waves. it blows me away... this guy has one of the...
