MaximGrigorev

MaximGrigorev

The description of the trend wave (5) is done properly. With the description of wave (E) the case is more complicated. Let's stop. We delete the symbol (E) and draw on the chart letter (A). Later I will explain why. The values of wave 3 and 5 must be related by Fibonacci. On this chart, I used it to calculate the value of wave 5. Moreover, I wanted to see the...

MaximGrigorev

This corresponds to the summer period. There is no growth and decline.

MaximGrigorev

Are you looking for a simple explanation? It will not happen. Because it’s impossible. During the formation of the triangle 4 I have identified waves A, B, C, D , E and made a wrong supposition about the start of wave 5. Of course, I cannot predict events in tiny details. This has led to errors in the description of tapering triangle 4. Today I have made the...

MaximGrigorev

The control point. April 20th the market has reached a maximum. The wave goes downward from this maximum. I call it the wave (E). But this is temporary. Pay attention to its structure. Probably it will be consist of five waves. Wave 2 is an expanding triangle, and wave 4 is a tapering triangle. Wave 1 and 3 are trends. Wave 1 has the ideal structure. Wave 3 is as...

MaximGrigorev

Are you familiar with the term "Sell in May and go away"? I think a little differently. At this point, we have an excellent opportunity to sell, but we need to stay on the market. According to my observations, all the movements in the stock market consist of five or three waves. The wave which we are seeing now on the chart is a wave (5) in the bullish count off...

MaximGrigorev

I have a question. Where are we going to move on? On April, 19th I saw the uptrend wave at the chart of thirty-minute time-frame and I thought expanding triangle 2 has been completed and we are watching trend 3. In fact, this movement was part of another wave. Of course I have two questions. What is the part? What kind of figure we are seeing at this place on the...

MaximGrigorev

But let's be realistic. Market continues to become more overbought and quickly moves to the top. Wave 5 (in a circle) has formed a narrow channel. However, let’s realize that this will not be the case forever. The rapid growth in wave 5 (in a circle) will be completed, and we will see a prolonged decline. The risk of making a mistake is growing. Those who are not...

MaximGrigorev

The market has broken the resistance line of downstream channel. We are now witnessing the development of the last trend wave (5). Probably wave (5) will strive to overcome the historical maximum.

MaximGrigorev

We are continuing to put pressure on the resistance line of the downstream channel. My assumption is confirmed. At this place in the chart I wanted to see a tapering triangle. However, I do not experience the illusions. In the article “A detailed description of the structure of triangular corrections. Part 1“ .I made the description of the model of the tapering...

MaximGrigorev

The breakdown of the is very hard work.

MaximGrigorev

According to my observations, all the movements in the stock market consist of five or three waves. Now turn your attention to this chart. It consists of three waves. Waves (1) and (3) are trends.Wave (2) is an expanding triangle.Wave (3) is completed. We are seeing the development of wave (A). The wave (A) goes down parallel to the resistance line of the big...

MaximGrigorev

It consists of five waves. Wave 2 is an expanding triangle, and wave 4 is a tapering triangle. Wave 1, 3 and 5 are trends. All waves of trend (3) are related by Fibonacci. Wave 1 for example, is related to wave 3 with the ratio of 1.382. Wave 3 is related with wave 5 with the ratio of 0.5. Of course, to predict the Fibonacci ratios is impossible, but these levels...

MaximGrigorev

Hello everybody. At this point, there are two versions of events. The market faced the line of resistance of a big downward channel. It can be seen in all charts of indices: Dow Jones, DAX, CAC -40, AEX. If the market will breaks through the resistance line of channel, then we will see the growth of all indices. If the break line of downward channel does not...

MaximGrigorev

Now it is clear that we are moving in ascending wave (3).

MaximGrigorev

long

MaximGrigorev

Hello everybody. The market is moving towards the channel support line. Wave 3 is completed. Now here comes the process of forming a tapering triangle 4. In spite of different inner corrections formation characteristics of the trend waves, but they have one common feature –inner triangles 2 and 4 are comparably sized which mean that they are well...

MaximGrigorev

Hello everyone.The market is moving up. Wave 2 is completed. Wave 2 is an expanding triangle. But an expanding triangle 2 has not the ideal form. Waves of small order often have such big distortions that it is difficult to see triangles in corrections 2 and 4, but these corrections are triangles indeed.Now the process of formation of a wave 3.

MaximGrigorev

Wave (2) is an expanding triangle. Wave (2) is completed. My guess is not confirmed. I am pleasantly surprised. The structure of the expanding triangle is visible clearly. The market is moving up. I think, the next probable level of resistance is the value of 2030 points . But no need to hurry. The structure of wave (3)will tell us the time of its completion....