Hello guys This is triple combination structures. We have three ABC waves and WXYXZ Wave. This is seen in consolidation markets. Follow me for more tutorials. Cheers :)
I started with a line on the top and made it look like it was sitting on top of the chart. Then made a line on the bottom that looked like it was lifting the chart. Then I found the magnet icon and copy/pasted it a couple times! Hope you like it :)
Some tips to identify a reversal, minimise risk when choosing where to open a position and identify targets to close the position with less risk and more profit.
Hello Traders. Welcome to Chapter 3.5, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...
So this post is a little different - it's not an analysis or really a tutorial. I am looking to see what the community sees as the strangest, craziest, most colourful, most interesting or pointless indicator, strategy or tool? About 2 years ago I was shown a strategy/technique - I assumed it was complete rubbish, it talks about Lunar dates, cycles. Now although...
Use the BTC.D chart to see where capital is flowing in the Crypto market... Into Bitcoin? or out of Bitcoin and into Altcoins. We are at a key decision point for the market right now so you can be a step ahead of the market if you are watching this chart in particular.
This chart's support and resistance was inspired by Crypto Face's spider line drawing method, I took candles from the monthly time frame and toggled 'Log' and drew the lines all the way from the first BTC monthly candles. I took every Monthly candle and drew extended rays, first point coming from the top of the first candle low candle of each cycle, second point...
Hello guys We have 5 sub-wave correction which form 3-3-3-3-3. If we expand our view we see that in each symmetrical triangle we have ABCDE. Follow me for more tutorials. Cheers :)
Hello guys We have two corrective waves which are A and B. And we have one motive wave which is C. In most cases wave B and C are breaking through the lines and this is common. Follow me for more TS. Cheers :)
Hello guys In this tutorial I'm going to teach you what flat correction is. Flat correction is a three sub-waves pattern that form 3-3-5. Wave A and B are corrective wave but wave C is a motive wave. It's called flat correction because it is sideways. Follow me for more tutorials. Cheers :)
Another Ultra Long Term chart ( I hate doing short term trades !) Here is a VERY IMPORTANT quote from Jason Shapiro from the book “Unknown Market Wizards” by Jack Schwager: " Everyone understands that the market is a discounting mechanism. What people don't understand is that the discounting mechanism is not the price, it is participation. Its not that the price...
Hello guys :) In this Elliott we have something called truncation or failure. It's because wave 3 is too large and wave 5 cannot reach wave 3. Follow me for more tutorials. Cheers :)
Hello guys :) Sometimes we have 9 waves instead of 5 waves. This is rare. Follow me for more tutorials. Cheers :)
A lot of newcomers have been asking for educational content because you don't understand why my strategies work and how I conclude that a particular price-action will likely happen on certain assets at certain price-levels. It's lovely that my followers aren't just seeking signals, but actually digests the charts I'm sharing and actively tries to expand their...
Yesterday i posted a chart on Twitter, where i was expecting a bounce for bitcoin on the 4h timeframe (i'll post this general idea in the comment section). I had no clue about the kind of pattern it was going to form, so i moved to the 15 min chart, because the bounces most of the time are very fast and you need a lower timeframe. I've seen a double bottom, with...
✅ What is Regression? Regression is a statistical method used in finance, investing, and other disciplines that attempts to determine the strength and character of the relationship between one dependent variable (usually denoted by Y) and a series of other variables (known as independent variables). The general form of each type of regression is: Simple linear...
Elliott Wave Post 2; after writing the first post I have received some questions. So I thought it easier to write a follow-up post here showing some tricks. To be clear, I am not an Elliottition as a whole, I use it as part of a wider strategy on the monthly and weekly timeframes. But also we have access to an automated Elliott wave tool. The Elliott wave logic...