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:::
Hello Traders: I've Started this course because when I first started Learning Elliott Wave Principle I needed someone to guide me as now I am Guiding you guys so I hope you learn something less from me, I will be very happy for helping you guys I am not a professional and also I am not GOOD in English I know that haha if I made any mistake so please forgive...
Hello Traders : This is the Guidelines of Elliott Wave for those who are interested in Wave analysis I Hope It Helped PEACE
The main rules for bearish impulse more: www.tradingview.com
Hi fellows, This post explain that patterns forms with in the patterns and you can trade on them for short term, medium terms and longer terms. 1. SHORT TERM TRADE SETUP ( You can buy sell by identifying the lower degree pattern on smaller time frame like 15 minutes for daily ranges.Fore example flat channel with in the bigger channel which you can see after...
Hello everyone i haven't done an educational post in quiet some time so heres one. Hope you all enjoy, cheers.
Notes on the chart
Hello everyone its been a while since i made an educational post so heres one showing different kinds of impulses formed in the market. Cheers
There are four dimensions in analyzing any market; Price, Time, Momentum, and Sentiment. There are always at least two interpretations to any wave count, bullish or bearish. To discover the correct wave count you must move beyond the price dimension and focus on evidence from the other three dimensions. The SPX chart illustrated is from 2014 - 2015. I've shown...