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Impulsewave

How to Trade Price Action Daily!Hello Fellow Traders, Here is a Educational Video (How to Trade Impulse/Correction/Impulse) . Key things to Remember: When Trading This Type Of method - You Should Always have an Open mind when it comes to "Where the Market will Finish The correction" The Strongest Levels of Fibonacci is the 61.8 & 38.2 (These Are Generally the levels that the Market Loves to Finish its correction) The Best way to follow This Method is if the following conditions apply. Conditions - 1. Look & Find a Big Impulse On bigger Timeframes (Weekly, Daily or 4Hours) 2. Wait for The Market to Finish its Impulse (You will notice the market starts to move the opposite direction to the original Impulse) 3. Pull Your Fibonacci From The Start Of the Impulse to the End of the Impulse Aka ( From high to low = Sell OR Low to High= Buy) 4. Be Patient and wait for the Market to Reach the Aka Strong Levels (61.8 Or 32.8) OR Which Ever is Better Align With Good Structure! 5. Once you Have a smaller Timeframe break of structure or Momentum Change (You will look for an Entry Based on Market Environment + Structure) 6. Enter Your Trade Preferably of 1hOur Or 4hour Timeframe (whichever has given confirmation mentioned in point 4) 7. Always Use Risk Management / 1% Risk to Trade Entries using this Method 8. Patience is the Key to Success! Let Me know if you have any Questions or Comments Below! Your Support Is Appreciated! Happy Trading & Goodluck! See You in the Next Educational Video! Global Fx Education
Education
by Global_Fx
DEGOUSDT IMPULSE WAVE ON THE MOVEAssalamualaikum and hello fellow trader, It seems like DEGO pattern is trying to make an impulsive wave which we know is money baggs! Price is at Bollinger lower band, fuel level (RSI) is enough for the aeroplane to fly, If you take a look at a larger time frame, potential Cup and Handle pattern is possible, again! market is very volatile so please always put a stop loss! its okay to miss the trip to the moon, rather than miss the trip back to earth. Its a very lonely situation ahahaha. Do leave comment and suggestion cuz im very new, so i can improve myself. Have A nice day!! and this is not a financial advise.
by UbiKentangKeras
1
RMR: Elliott impulse wave finishing, correction wave incoming?Hi. I've plotted a resistance zone that's been prevalent since the start of the year. I've also plotted some Elliot waves: some past, some current and some incoming. The recent Three Drives pattern is over and unfortunately I didn't recognize it in time. But a good question then is what's next? Well there is a clear impulse wave occurring at the moment. The high price difference between the MA 56 and close price strongly indicates that the impulse wave will continue to finish wave 3 and 4. The exact time when this will happen is uncertain, the price on point 5 is just an example. But this means a correction wave is incoming when the impulse finishes. There are two decent position to make if you believe the impending waves are probable: When the current impulse wave has finished there is a good timing for a short position to profit off of the correction wave. When that correction wave is complete there will most likely be an impulse wave. A long position when this is apparent or a long position on the B point of that wave could both be decent. Thank you. Please, if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods with you. This does not constitute financial advice. Any projected prices, even if explicitly stated, are made with intent to discuss the symbol and potential interpretations. Any trades shown or mentioned are examples and neither recommendations or mandates.
NASDAQ:RMRLong
by Kabeldon
BITCOIN to 90k by June? 🚀After a corrective wave bitcoin's space shuttle should be refueled for take-off. It appears the corrective wave has already started and will not be too drastic making it a period to Hodl or just buy more. I copied the first impulse wave's pattern and imposed it at the end of the potential corrective wave which takes us to $90,000 by the end of June this year. Prediction: BTCUSD hits $90,000 halfway through 2021, holds that level, and finishes the year at about $120,000 with major support at $100,000.
BITSTAMP:BTCUSDLong
by EBITDAtiger
10
BTC correction before bullish continuation?DISCLAIMER: Im not an Elliot Waves guru but only use the waves as a reference of a trend. BTC seems to have finished a three waves correction after which is seems to have started a new trend. What we know about trends is that it moves in waves as well, impulse correction, impulse correction, impulse correction... On a lower timeframe we can see a perfect pullback to the Fib 0.618 level. After which it surpassed the previous top creating a higher low followed by a higher high. Up next? Higher Low (if it is a valid trend). Taking the Fib from the low to the high of the latest impulse we get to the 50K area. This corrective leg down should consist of three sub waves, which would look something like this: As said if the trend is valid, the price should never go below the previous low so that is where you should place the stop for this idea. The final impulsive wave of this set might not go directly to 74K but that would be my ultimate upper target. ————— Do Your Own Research (of course) Trade at own risk (of course) Only trade what you can afford to lose (of course)
by MattieDsCryptoLounge