REACTION SWEEP Flip create + sweeps high REACTION EQLs SWEEP Flip crates + sweeps equal highs FLIP SWEEPS PRIOR LEG Flip sweeps high in prior leg FLIP GETS SWEPT Intial Flip reaction gets swept
LOW RESISTANCCE LQ 1.No liqidation Available SSLQ generated at weak low = low resistance lQ 2. Price is more likely to pullback to the nearest POI 3. high resistance LQ left at new strong high 4. price will move impulsively past low resistance lows to target available SSLQ HIGH RESISTANCCE LQ 1. Strong liquidation Signals potential institutional backing Leaves...
After the price breaks through the Swinghigh of the large time frame to create a BOS signal We look for sell down or buy up signals according to the following structure: Swing high(Weak) H4 => 1/5M pullback => break Swinglow 1/5M => 15M pullback => break Swinglow 15M => Pullback 4H => Order block 4H=> Pullback 1/5M => break Swinghigh 1/5M => Pullback 15M => break...
this video provides a clue on how to reach a bar chart and a price chart. talks about volume and traders psychology.
The elliot waves i have explained on the chart, with fib extenion levels of .127, 1.36, 1.50, 1.62, 1.78, with 1.5 being the mean. there are numbers up to 2.44 and higher... As i have explained before at any instant there is a 50/50% chance of going up or down, all other indicators i have seen, except Squeeze pro, and EWT 80% chance of success. So be ready for...
Hey traders, In this post, we will discuss 3 very important market situations that every trader must be able to recognize: breakout, retest, and fakeout. ❗️ Please, note that the essential element of all these terms is structure: vertical and horizontal key levels. 📍 Breakout is a situation when the market breaks the identified horizontal support or...
A Trader looks at both sides and does not have an opinion on are we going bear or bull today, up or down. We could go up 100 points now to match the actual ATH, or we could continue rolling over in thi arm, spending more time in the S3 area, more selling than before, we will see what unfolds. Nobody knows the probazbly future in advance if they can't read elliot...
There are 3 types of structure: Swing, Internal, and Fractal. Swing -> BOS -> candle body close Internal -> i-BOS -> candle body close Fractal -> f-BOS/CHoCH (fractal structure trend change) -> wick break CHoCH (Change of Character) -> signals internal pullback starting/ending i-BOS (Internal Break of Structure) -> signals swing pullback starting/ending
The price touched the line with specific angle that covers ATH and (current) Lower High. I consider it as a point of reference because current observable price can be explained with that vector. The line separates 2 outcomes: Continuation of the uptrend Rejection Significant reversals that caused the structure to look the way it looks are: "ATH" 4...
Price is currently in a strong supply zone in the 4h time frame. If the price falls and surpasses the first CHOCH position, gold will continue to fall again. If gold continues to rise and breaks the Swinghigh creating a BOS signal, a strong Swinglow bottom will be created.
The market moves in two phases; Impulse and Correction. Impulse is composed of a strong bullish or bearish momentum while Correction is composed of a sideways move, which is always a serious consolidation. Trades are taken at the break of the correction
Basics of Elliott Wave Principles explained in the simplest possible way.
Hello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk. 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....
Here are powerful quotes of professional traders, investors and experts in financial markets. Let their words inspire you and help you in your trading journey. "To succeed in the market, you must learn to think like everyone else and do the opposite." - Sir John Templeton 📈💭💡 "The four most dangerous words in investing are: 'This time it's different.'" -...
Disclaimer: Warning! The given tips are born from the minds of financial disasters and for entertainment purposes only. These are the results of the imagination of unsuccessful traders with a knack for making impressive losses. These master traders are known to make their financial mistakes by making huge losses. Unsuccessful traders are honored members of...
In the first part, we discussed the components of the price action theory. We covered value area, control line, and excess price with examples, setups & guidelines (with my own observations.) Now, in this idea, we are going to cover the following topics: No trading zone Initiative & responsive trading Shifting of the value area Bullish Value area Bearish...
The Concept Of Supply & Demand The price movement of the security is the result of demand(buyers) & supply(sellers): If the supply is more than the demand, there are more sellers than buyers than sellers, which results in a price fall. If the demand is more than the supply, there are more buyers than sellers, which results in a price surge. If the demand...
I am here with a unique topic. It is about a psychological trading trap called the cycle of doom. What got me interested in this psychological topic? Well, there are very few articles about it. You can count them on one hand, and more than 90% of traders are losing money. Most traders find their method of trading. What stops them from becoming profitable traders?...