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.
Ending diagonals are motive wave patterns yet not impulses, as they have two corrective characteristics (wave 4 must always enter the price territory of wave 2). ED's usually take the shape of a wedge and in all cases, they are found at the reversal points of the larger patterns, showing exhaustion of the larger movement. I usually confirm that I have an ending...
In this lesson we will go over motive waves more in depth Leave a like if you wish to follow this series, every update will be posted below. If you are following this series I would suggest writing down what is shown in notes to help your brain remember these patterns, rules, guidelines and more. Elliot Wave theory is based on pattern recognition, and to...
In this lesson we will go over the application of the wave principle, and the fundamentals of impulse and corrective waves. Leave a like if you wish to follow this series, every update will be posted below. If you are following this series I would suggest writing down what is shown in notes to help your brain remember these patterns, rules, guidelines and more....
I am going to start posting a visual guide to Elliot Wave since a lot of people ask me about where they can learn Elliot Wave theory, and many complain about how long it usually takes. So with this I hope I can simplify the theory for you. This theory works very well in financial markets as well as cryptocurrency markets (not /BTC but /USD) Introduction : ...