Took me quite some time to build this up but the result shows a very clean sceanrio here ! Everything tends to correspond between each different timeframe and so the forecast is even more likely to occur. It shows that on the biggest timeframe, gold has made it's 5 wave impulse and is now retracing in 2 impulses . The first have been completed and we clearly...
Basically Elliott Wave rules state that the market moves in a series of 5 and 3 Waves. Here we are going to take a look at the basic 5 Wave structure and general fibonacci rations that come into play with these Waves. As you can see in the main picture that we have a 5 Wave down movement which has all the ideal fibonacci ratios.
Combined Elliott wave analysis and cycle analysis through PRO Sinewave (beta) both tend to confirm a TP area nearby the current prices which would mean the end of subwave 3 of our supposed last impulse (V) that is our extended wave. Which means that we may still have a final 5th wave to complete on the subcount in order to finish this cycle. Anyhow bulls must get...
How to trade a "abc" structure (Part 1) TACTICAL: SELL "B" Thank you for your support and trade with care!
TYPES FLAT CORRECTION WAVES: There are three predominant types of flat corrective waves. These include: Expanded flat: This is arguably the most common flat wave formation and occurs in the second and fourth wave of an impulse wave. What connects the expanded wave to the initial impulse wave is a zigzag or other types of triple or double connection. In a...
Channel strategy is a simple and complicate strategy. A. Using it with Elliot Wave to follow a trend. Follow the trend by "buy low, selling high". B. Find a new turnover trend by a channel retest. C. Find a continue wave by a sideways channel breaking through. Risk Management: A. REWARD/RISH >1.5 B. Risk <2% C. Move SL to TP1 or TP2 to protect your profit
Hi fellows, We have some Elliott Wave Chart Patterns and Classical Chart Patterns. Both Looks like same but when it comes to live market. Both behave slightly different . Although there is not a big difference according to my opinion But when it comes to enter in the market then both behaves slightly different.
The diagonal triangle is a particular type of wave composed of Five minor movements that move within two trendlines, both ascending (or descending), converging in the direction of main trend. Diagonal triangles substitute for impulses at specific locations in the wave structure. They are the only five-wave structures in the direction of the main trend within...
Sequence of Impulsive Waves (12345 bullish). These are 8 Fibo/Ratio we use in our analysis/setup. From a technical point of view (guidelines), traders try to: => take Long Position on Wave 2 (38%/61.8% W1) => and Stop below Wave 1 (close bar) => take Long Position on Wave 4 (38%/50% W3) => and Stop below Point 1 (close bar) Thank you for your...
GOOD LUCK Thank you for your support.
Starting this week, we will begin the Elliott's Basic Course. Our main goal is to understand the strategy, and how it can adapt to every Trader Profile. To do this, we will not need to explain any "under-wave" detail, but we will need to understand support levels and target waves, for our Trading Plan (setup). Before you start, this "glossary" will be useful...
This is an update to my 4/5/17 post in which two downside targets were listed. The SPX had a bulls-eye hit of the first target at 2337.30 the subsequent rally did not last and as of the close 4/13/17 the SPX was just below the 2nd target of 2329.80. This is where the supposed Minute wave "c" is .618 of Minute wave "a". Bullish factor: Decline from 2378.70 is...
Minor wave 4 could still be under construction, taking the form of a Horizontal Triangle. (see" Elliott Wave Principle" pages 48- 50) Both Minute waves "a" and "b" have taken the form of Double Zigzags under the guideline for alternation we can expect Minute wave "c" to take the form of a Single Zigzag. Minute wave "b" has no Fibonacci relationship with Minute...
Hello Traders: This is All FLAT Rules (Corrective Waves) so if you've LEARNED something less from it then please LIKE and FOLLOW for more EDUCATIONAL Ideas. NEXT Lesson: (Contracting Triangle). If you are NEW to my FREE Educational program then go to my profile and see other LESSONS as well. If you have any Question fell free to ASK . :::PEACE:::
Hello Traders : (Elliott Wave Principle) Finally we have finished MOTIVE Waves ... if you are NEW, go to my profile and see other (EDUCATIONAL) RULES of Elliott Wave Principle. Next LESSON: (FLAT) Rules... Follow ME and Like this CHART for Motivating me to Share Lots of Educational Ideas... and THANK YOU Guys for Pushing me Forward Love you all :::PEACE:::
Hello Traders: Thanks for the LIKES of previous LESSON , I appreciate it. I hope you Learned something Useful from this LESSON NEXT LESSON: (Corrective Waves) ZIGZAG Please Follow and Like for Motivating me to KEEP IT UP Fell free to ASK Questions :::PEACE:::
Hello Traders: As I told I've started a course to Educate Elliott Wave Principle and this is the 1st Lesson I hope you learned something less from it and if you are Interested to Learn more Rules like:(Diagonal, Zigzag, Flat, Triangle and Combo) so Follow me and please LIKE for MOTIVATING me to Draw the other RULES Thanks alot: :::PEACE:::