BitcoinEducation
Editors' picks
ELLIOTT WAVES CHEAT SHEET 🏄♂️ 10 Rules
Updated
Hello, here is a cheat sheet for Elliott Waves for top 10 Rules, so you can print this out and keep on your desk.
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott (1871–1948), a professional accountant, discovered the underlying social principles and developed the analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott published his theory of market behavior in the book The Wave Principle in 1938, summarized it in a series of articles in Financial World magazine in 1939, and covered it most comprehensively in his final major work, Nature's Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable." The empirical validity of the Elliott wave principle remains the subject of debate.
Note
To download you can open this chart as image 👇👇Note
Guys to download the pictureUse
"Right-click > Save Image As"
On image below
Note
This post reached 100 000 views and 3700 likes!!!! Thanks dearest community, you're awesome, stay safe and positive! 😎Note
it couldn't happen without you !!!181000+ views, 4692 👍 thanks dear community! 😍
NFT ver:
Trade active
Trade active
Keep it upNote
📈 Elliott Waves Cheat Sheet 📉 Master the Waves with these 10 Rules!1️⃣ An Impulse always divides into 5 waves.
2️⃣ Wave 1 subdivides into an Impulse or rarely a Leading Diagonal.
3️⃣ Wave 3 subdivides into an Impulse.
4️⃣ Wave 5 subdivides into an Impulse or Ending Diagonal.
5️⃣ Wave 2 and Wave 4 always subdivide into a Zigzag, Flat, Triangle, or combination.
6️⃣ Wave 3 moves beyond the start of wave 1.
7️⃣ Wave 2 never moves beyond the start of wave 1.
8️⃣ Wave 3 is never the shortest wave.
9️⃣ Wave 4 never moves beyond the end of Wave 1.
🔟 Waves 1, 3, and 5 are never extended at the same time.
Ride the waves like a pro! 🏄♂️
Trade active
𝗔𝗥𝗧𝗘𝗠 𝗖𝗥𝗬𝗣𝗧𝗢 | 𝗦𝗶𝗻𝗰𝗲 𝟮𝟬𝟭𝟴
📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.