On the 1d chart, I see that we had a 3d wave (because AO had highs) and now we draw the 4th wave (AO is below the 0 line). What we can expect?
- The first scenario is that the 4th wave is completed and we are in the motive 5th wave (see blue lines with 1-2-3-4-5 on the chart)
- The second scenario is that the 4th wave is not completed yet and what we see is wave...
Sell stop. 3 AO in a row second Wiseman trigger. Riding the Elliot Wave. Divergence on wave 3 to wave 5. Taking down to previous wave 4. Previous wave 4 lines up with 50% of structure exactly. Using trailing stop strategy incase it drops further.
Taking fractal breakout for sell stop. Divergence and looking for wave 4 completion of Elliot Wave. Lines up with 38.2% retracement and previous wave 4 of smaller degree. #tradingchaos #profitunity
Taking ETH down. Sell stop fractal breakout. Looking for divergence for final wave. Taking down to order block level for tp or trailing loss showing market turn around before that. Final push for RSI into oversold territory
Hello, everyone!
Let's continue to practice in Elliott Waves by Trading Chaos.
I found the potential long trade on XRP. We can see that global Waves 1 and 2 have already finished with the classical 1-2-3-4-5-A-B-C cycle. Now XRP is in the Wave 3.
Look inside the Wave 3
The Subwave 1 of Wave 3 have been already finished and now the price formed clearly...
Hello, everyone!
In the previous analysis on BTC I told that Wave 3 is going to break ATH. Well, it is the case! But what is next?
As you know, I study the Trading Chaos by Bill Williams. Last forecast was made by this methodology, but I am still a freshman in Chaos. Today I am going to try to add my new knowledges about Elliott Waves in practice.
The main...
On the daily chart of Apple shares, there was a bearish divergent squat bar with angulation and AO divergence. In addition, we can see that the additional sell signal has just been formed - Super AO. If the price breaks the lows of yesterday`s bar we can expect downtrend to start relatively soon.
On the H4 chart of USDCAD, the price has finished wave C in the 4th Elliott wave of bullish cycle. There is also a buy signal in a form of the 1st Wise Man. Long position. Target - peak of the 3rd wave.
The Core Strategy of Trading Chaos is to look for A Sleeping Alligator and be Aggressive when in starts to wake up whether on up or down move. Now the Alligator woke up to the downside at its time to go short with stop loss at 1 tick below up fractal
