[EW COURSE] RATIO ANALYSIS (impulsive)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 support!!
GLOSSARY
Elliottwavecorrection
[EW COURSE] GLOSSARYStarting 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 throughout our journey.
Thank you for your Support!!