Leading Diagonal : Elliott wave Analyisis
This pattern subdivides into 5 waves.
Wave 2 never ends beyond the starting point of wave 1.
Wave 3 always breaks the ending point of wave 1.
Wave 4 usually breaks beyond the ending point of wave 1.
Wave 5 in the absolute majority of cases breaks the ending point of wave 3.
Wave 3 can't be the shortest.
Wave 2 can't be a...
📍 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...
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.
O FGS! Dammit! They gapped it up overnight, what should I do?!?
Well what gap is this? Three weeks ago we had Initiation Gap: These often do not fill, don't short them! It's suicide, lol!
This has hallmarks of an Exhaustion Gap; it will fill intra-day or within a few sessions at most... a great short opportunity!
See my related post on gaps FYI.
But, when should...
Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) .
Key things to Remember:
When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction"
The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves...
Hello traders!
GBPAUD is clearly bearish, as we see a sharp fall in impulsive price activity down from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections. Now, we are tracking a wave 4 correction which started at 1.768 level, and it can climb a little higher as corrections are made by three...
I made this chart to show the example of using stochastic to help determine the wave
Of Course, this is not perfect...
1. need to use fib
2. trend line needed (black arrow)
3. the knowledge of high volatility , when fib exceed 168%
4. the case when gold retrace too small (like 0.27 retracement instead of 0.382)
5. when the fractal (small time frame movement really...
Hello traders! Today we will talk about EURNZD which has pretty clear pattern.
When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice.
Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which...
Hi all,
I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like.
Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves.
Corrective...
