lot of people are speculating about a significant crash in S&P 500, however looking from Elliot wave perspective. given the 3 wave structure of all the corrective waves suggests that it is forming a very complex and unusual pattern of a expanding triangle. it might not be the right time to short just yet, from the pattern analysis it is very likely to break the...
Hello traders! Today we will talk about Kiwi (NZDUSD) and we will show you how EW works in details if you have the right approach! Well, Kiwi made a nice five-wave rally with extended wave (v) into a wave "i" last week, which in EW usually suggests a bullish reversal! So, after every five waves, a three-wave pullback follows in wave "ii", and as you can see, at...
Hello traders! Today we will talk about treasuries (10year US Notes) and stocks (S&P500). Well, as you may already know, treasuries and stocks are more or less in negative correlation and what we have noticed that 10y US Notes can be forming a big bullish triangle, while S&P500 can be finally finishing a five-wave rally from lows. In EW theory, triangles are...
Hello traders! Today we will talk about EURNZD which has pretty clear pattern. When using the EW, everyone can count up to five, but only few analysts have the right approach and this experience can only be gained through multi-year practice. Well, looking at EURNZD, we can clearly see a big impulsive five-wave drop away from 1.7930 highs into a wave A, which...
Hello Crypto lovers! Let's talk about Ethereum! Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree! So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big...
If you want to learn Elliott's Strategy, these are the topics we will discuss in the near future. Let us know what are the most interesting subjects leaving your comments below, and we will discuss them first... Thanks for your support and your Like!! ... and as TradingView says ..... made with love!
Hello Traders! We found very interesting coin with a known pattern and that's BITTREX:SYSUSD ! Well, as you know we are tracking many patterns like this one, for example NEO, OmiseGO, Ripple and Dash, which have, in our opinion a clear bullish setup. Five-wave rise into wave A/I from lows suggests a bullish reversal and slow three-wave pullback into wave B/II...
Dear Friends! D4rkEnergy is back with an educational post about Elliot Wave-Theory. Yesterday, Philakone, a famous crypto-trader and TA-educator, was calling out one of the Top Authors in here, because he could not figure out how to draw lines. Philakone wrote the following on Twitter: "How to NOT draw Elliot Waves. it blows me away... this guy has one of the...
BEST PLACE FOR ENTRY AREA ============================ CR1 = Research for BUY OPPORTUNITY on W(2) and W(4) CR2 = Research for BUY OPPORTUNITY on W(2) and W(4) CR3 = Research for BUY OPPORTUNITY on W(4) CR4 = Research for BUY OPPORTUNITY on W(2) and W(4) CR5 = Research for BUY OPPORTUNITY on W(2 ) and W(4) CR6 = ...
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.
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...
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...
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...
Technically speaking, it should sell audusd below 0.7334 (max wave 4), but potentially the pair could reach the resistance at 0.7385, if it will happens, the trend will remain bearish only if it will develop a spyke with a daily close below 0.7334. A daily close above 0.7334, it will fail the bearish impulsive structure. This is not "a call" for you, but only an...
For my newer followers or those that missed this post previously, here's a generic trade plan explaining all those horizontal lines on my charts. Notes on the image should be self-explanatory. Minor and minute waves are shown, but this method can be used on any time scale / Elliott Wave degree. Learn more about trading Fibonacci Pinball from the pros at...