here Basic explanation of how to count the waves:(Left to Right)
Wave 1= Wave 2+ Wave 3
Wave 1= Wave 3
Wave 1+ Wave 2 = Wave 3
in Very rare cases we will Have Wave 2 + Wave 3 (last wave)
Example of how to combine Ichimoku Wave with Japanese patterns.
Important Notes:
The best practice is to calculate waves or J-Patterns in a Daily chart (It Can Be Done in 4H)
find the targets in the Daily or 4H chart for Long Term Trades
Use a lower time Frame for Swing or Scalp Trading
Remember that after a series of J-Patterns, the P & Y will appear...
A set of equations
AB=C
A=C
C=B(AB)
A=B+C
can be used to create waves that can be applied to every high and low or trend cycle. Combining these waves with Japanese Patterns can help to create more accurate TP and exit points.
Some tips for better results include using the nearest Japanese/Japsian number if the numbers are shy of the main Japanese Number.
For...
Ichimoku Kinkō Hyō Wave Theory Introduction and Indicator Basics Cheat Sheet.
Note that there are 5 Waves in the Ichimoku Kinkō Hyō System.
1: I Wave
2: V Wave
3: N Wave
4: P Wave
5: Y Wave
I Wave = 1 directional movement in price up or down over a period of time.
V Wave = 2 directional movements in price over a period of time so 1 direction movement up over a...
I'll explain this the best I can for those who like to know more about the way I trade Ichimoku. This is a glance explanation and there is a lot more analysis which I didn't included but may in some micro analysis at a later date.
I thought i'd share this past chart analysis i found as we were presented a 9 wave count (usually means the end of the trend is near)...
