Bill Williams Elliott Wave Analysis - Trading Chaos
Let's do Quick 10 seconds Elliott wave using Bill Williams Technique.
Wave 1: That's when it first dashed down off the top of a Strong Bullish trend on the D1 chart. It appeared as Wave 3 on the H1 chart at the time.
Wave 2: At the time it appeared as wave 4 up. But when it went more than 50% up, it was an indication that this could be a Wave 2 up within a larger sequence. And so the Wave 3 became wave 1 and wave 4 became wave 1 when the next wave created a TALLER peak on the histogram.
Wave 3: The tallest peak (inverse for Bears) on the AIMS Wave oscillator, is Wave 3.
Wave 4? The cross above the Zero line confirms wave 4 up.
Wave 5: The divergence after crossing back below the zero line is the first sign of Wave 5.
This entire sequence could be a 2 down on the weekly chart. or it could be a New Wave 1 down on the daily chart.
The wave 5 could soon be completed.
Wave 1: That's when it first dashed down off the top of a Strong Bullish trend on the D1 chart. It appeared as Wave 3 on the H1 chart at the time.
Wave 2: At the time it appeared as wave 4 up. But when it went more than 50% up, it was an indication that this could be a Wave 2 up within a larger sequence. And so the Wave 3 became wave 1 and wave 4 became wave 1 when the next wave created a TALLER peak on the histogram.
Wave 3: The tallest peak (inverse for Bears) on the AIMS Wave oscillator, is Wave 3.
Wave 4? The cross above the Zero line confirms wave 4 up.
Wave 5: The divergence after crossing back below the zero line is the first sign of Wave 5.
This entire sequence could be a 2 down on the weekly chart. or it could be a New Wave 1 down on the daily chart.
The wave 5 could soon be completed.
Comment:
Wave 5 Target Hit and Price Bounced Right off that level. Booom
