The price has complied with Elliott Wave patterns and Kennedy techniques. the PRZ to form b to come soon to its end waiting for the fall of to form C
Guidelines • Impulse wave subdivide into 5 waves. In this example, the impulse move is subdivided as 1, 2, 3, 4, 5in minor degree • Wave 1, 3, and 5 subdivision are impulse. The subdivision in this case is ((i)), ((ii)), ((iii)), ((iv)), and ((v)) in minute degree. • Wave 2 can’t retrace more than the beginning of wave 1 • Wave 3 can not be the shortest wave of...
Three types of 3-3-5 corrections have been identified by differences in their overall shape. In a regular flat correction, wave B terminates about at the level of the beginning of wave A, and wave C terminates a slight bit past the end of wave A. Far more common, however, is the variety called an expanded flat, which contains a price extreme beyond that of the...
Continuation: Rising Three Methods Bullish - b How to identify it: Only in an uptrend. The 1st candle is Big White Candlestick; the 2nd, 3rd and 4th are small bodies that show a short bearish behavior but within the range (which includes the shadows) of the 1st candle.
In Elliott Wave Theory, wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow. As we observed in the market, we are...