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Elliot Waves Complete Guide | Chapter 3.6 - "Triple Three"Hello Traders. Welcome to Chapter 3.6, THE FINAL SUB CHAPTER! You made it this far, congratulations, you have learned a lot of the basic and complex patterns. We are going to finish this sub-chapter with the final complex correction pattern called the "Triple Three" pattern, which is VERY similar to the double three! Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat Correction , Expanded Flat 3.3 Running Flat, Contracting Triangle 3.4 Barrier Triangle, Expanded Triangle 3.5 Double-Three 3.6 Triple-Three ----- Triple-Three Bear with me here, we are almost full finished with the complexity of correction patterns. As the final sub-chapter, I would like to make sure most people understand the double three correction. The triple three correction is very similar to the double three, it is just even more elongated and extended. The overall count is W,X,Y,X,Z, so the three simple corrections are separated by two "X" waves. Just like the double three pattern, these "X" waves are usually zig-zags, but can take any form, which is why it makes these consolidation patterns so messy. A triangle is only valid as wave Z and therefore represents the end of the correction. As with the double three, the variation displayed only shows some possible forms of a correction. In general the three simple corrective pattern can take any shape (Flat, zig-zag, triangle - REMEMBER TO KNOW WHAT THEY ARE), but usually show alternation between themselves in any given form. A final notice about corrections: Most traders lose money in these long sideways corrections as the market does not present a clear trend. Trading in a sideways market is about surviving the markets, not profiting. It is usually full of false breakouts and messy price action. The experience shows, that most of the time it is the best decision to stay out of the market until a clear entry signal is given. That is why the triple three is such a powerful tool. In some cases a clear ranging market (especially on higher timeframe) can be traded, but this is only for experienced traders. If anything, this is a time to accumulate. Remember, you must understand the basics of all the correction patterns. If you aren't even sure of the basic correction patterns, make sure to start from chapter 1!
BITSTAMP:BTCUSDEducation
by XForceGlobal
17
BTC - Possible bullish rally????? Great strength in the 400-period EMA, double test. Still I believe that the $19-23k price should be reached at some point. HCH formation. Possible bullish rally to the 45-49mil range where it would meet the 100 EMA. TM=daily In summary, if it breaks the 400 EMA, we are in serious trouble. MANAGE YOUR RISK! The loss you take in case of failure should NEVER be more than 2% of your total capital. NEVER. You invited to share your vision in the comments. Thank you
by vongovar
BTC/USDT BINANCEBTC/USDT BINANCE 4H hollow candlesticks. This is a possible scenario IF the price breaks the downtrend parallel channel. This is a pattern that has been occurred on 25-5-2021. MACD will show a more clear result about this scenario. Multiple Support & Resistance Levels shown as horizontal lines. Volume is increasing as the price continues to drop. Bitcoin Price (BTC) = $37,686.73 -0.66% = 16.17 ETH -7.32% Market Cap: $1,562,103,369,142 24h Vol: $221,047,710,927 Dominance: BTC: 45.0% ETH: 17.2% Good Luck CryptoHellas Team
by CryptoHellas