Some old and new rules when it comes to diagonals.
Further notice can be added that diagonals actionary waves can be composed either by zig zags or impulses
so Waves
1/3/5 can be Impulse
or
1/3/5 zig zags
We cant have hybrids where we mix zig zags and impulses.
Actionary waves in ending diagonals can only be formed by zig zags and never Impulses.
Every...
Elliott Wave background
In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of how...
We can count waves using traditional patterns like Head and shoulders, Double Top and Bottom,
Triangle, cup & handle, etc. This article is about how you can count waves by identifying chart patterns.
I have covered Three chart patterns in this article,
1) Triangles
2) Head and shoulders
3) Double Top and Bottom
1) Head and shoulders:
In addition, the two...
Hi traders, today we want to explain why market structure analysis is as important as a good entry signal strategy.
Note: For this article, we differentiate the entry signal from the market structure analysis. In some cases, the entry signal considers also the market structure but in these cases, we could easily split the set of rules into rules to define the...
Hello guys :)
In the previous tutorials we have taught you what Elliott wave theory is.
In this tutorial we're going to talk about extensions.
we have an extension in either wave 1, 3 or 5.
Follow me for more tutorial.
Cheers :)
The elliott wave consists of three impulse wave and two correction wave. And each impulse wave consists of 5 waves. And each correction wave consists one ABC wave. And after all it consists one ABC wave. It's like the number 53535.
Follow me for more tutorials.
Cheers :)
In this quick video recap we discuss using our ElliottWave Indicator suite when trading the behaviour of stocks after profit taking pullbacks. As they say, when its trending - its trending. You just need a set of tools to measure the behaviour in a simple and consistent way. ETSY is behaving very well this last 12 months and is a great example of trading the...
Quick Video swingtrading stocks journal for the CSIQ Stockover a 1 Year period.
During the last 1 year period we have used the tradethefift Roller Coaster and ElliottWave Indicator suites for TradingView to swing Trade the CSIQ Stock.
There were 7 trades in Total and only one loser! In this example we use $1000 risk per trade and the Result is a $7450...
On October 15th 2019 we posted a trade idea on our TradingView Profile >>>HERE<<< for a potential 5th wave long swing trading opportunity on GNRC.
This video explains the subsequent bullish move to hit our original 5th wave target and then a further 5th wave swing trading opportunity. This is a great example of our Elliott Wave Indicator suite in action during...
We previously posted a trade idea using our Elliott Wave Indicator Suite on AUDUSD for potential Long 5th wave trade >>HERE<<
And it did just that!!
Great trade and using all of the indicators in our Elliott Wave Indicator Suite to setup a high probability 5th wave move
Find out more about our Elliott Wave Indicator Suite by watching the Video Tour >>>HERE<<<
After a nice bearish move on EURUSD our Elliott Wave Indicator Suite has labelled the Elliott Wave Count and our Probability pullback zones. The wave 4 found resistance in our Red zone, which represents a 75% probability that this Forex pair will go onto to hit our Automated 5th Wave target zone. Included in the indicator suite are also, our special Elliott...
Earlier today we made a quick education video discussing the tools in our indicator suite and how to use them to trade the high probability 5th wave moves. We used this EURJPY example as it was setting up. The orginal video can be viewed >>HERE<<
This next video is a follow to show our automated 5th wave target zone has been hit, completing a great Elliott 5th...
![BTCUSD: Part [A] Basic of Wave Principle](https://s3.tradingview.com/w/wgMqvxCk_mid.png "Part [A] Basic of Wave Principle")
