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3 Wave Flat Patterns to Know and Understand📕📗📘In Elliott wave theory, a flat is a figure consisting of three waves, the ends of which are called ABC . This is a corrective pattern going against the trend. This pattern may look like a simple range that spends more time on sideways movement than on a real price increase. The pattern, as a rule, is a shallow pullback of the previous trend and can sometimes be a "flag" of the general flag pattern . ❗️In fact, there are 3 types of flat correction: regular (1), elongated (2) and launched (3). The name of the template by which you identify the correction is not as important as what it implies. In each of the above-mentioned corrections, lateral consolidation is implied, which will eventually resolve as a complete recovery of the model and continuation of the trend until entering the flat model. 📊Trying to define a plane Elliott wave , we are looking for several characteristics. 1.ABC-plane subwaves (regardless of the 3 types above) are divided into 3-3-5. 2.In the flat, look for the second wave or the "B" wave, which rolls back by 78-138% from the "A" wave. 📈The three waves on the plane ( ABC ) are divided into 3-3-5, which means that there are 3 sub-waves in leg "A", 3 sub-waves in leg "B" and 5 in leg "C". underwater waves in it. Since both branches "A" and "B" contain three subwaves each, this illustrates the struggle of the instrument to create a new trend against the previous trend. Consequently, prices eventually fluctuate sideways, eating up more time than prices. 📉When defining corrective patterns, one thing should be kept in mind: there will always be five sub-waves in the "C" legs (the only exception is triangles, since they contain only three sub-waves). Therefore, if you see a 5-wave movement preceded by several 3-wave movements, count in reverse order and see if the flat pattern works. 🚀Flats appear where any three-wave corrective movement can manifest itself. For example, you will find flats in the position of the 2nd or 4th wave of the pulse, in the wave "B" of the zigzag , in the waves W, Y, Z or X of the complex correction, or in the waves "A" of the wave of another flat. However, one corrective structure in which you won't find a flute is triangles. Triangles are constructed from zigzags or other triangles. 🍁As a result, their identification in real time may be difficult. Go to the next higher trend level to see what the larger structure might be, and use wave measurements to anticipate the end point of the pattern. Since they essentially form a range, range trading methods and risk levels are recommended for trading on them.
TVC:DXYEducation
by tima_tip
Elliott wave for beginners📓Back in 1930, Ralph Nelson Elliott decided to figure out how the market works. After a long analysis of the charts, Elliott made a discovery that still does not lose its relevance. Elliott was able to identify the "breath" of the market. This new method of graph analysis is called Elliott Wave Analysis . As it turned out, the theory of wave analysis can be used on all timeframes and assets. 🚀The basis of the analysis is the idea that the market moves by impulses and corrections. As Elliott noted, the trend movement consists of 5 waves - 3 impulsive and 2 corrective, after which a correlation of three waves against the trend begins. ❗️There are a couple of rules worth remembering when determining waves: 1. Wave 2 never recovers more than 100% of wave 1. Usually the recovery is from 50% to 61.8% of wave 1. 2. Wave 4 never recovers more than 100% from wave 3. It usually declines between 38.2% and 50% of wave 3. 3. Wave 3 always extends beyond the end of wave 1 and is never the shortest; Wave 3 usually expands by 161.8 x wave 1. It is important to remember these rules in order to correctly identify the waves. In order not to make a mistake or go ahead of time, it is worth looking for the end of the second wave and go to the third, since it is the strongest and will bring the most profit. Indicators such as: MACD, RSI can be used to accurately determine the wave. 📌There are a couple more observations that will help your profitable trading: -If wave 3 is the longest wave, then wave 5 will be approximately equal to wave 1. -Wave 2 and Wave 4 will alternate. If wave 2 represents a sharp correction, wave 4 represents a flat correction and vice versa. -After the sequence of five Elliott waves is completed, the ABC corrective waves usually end near the bottom point of wave 4. 🏆In order to learn how to correctly identify waves, enter a position in time and exit it in time, you need experience, so follow the charts, analyze and eventually the profit will come to you. Good luck!
OANDA:XAUUSDEducation
by tima_tip
2
Litecoin has Break the Reaistance Through!Hey Dude! Cryptodeeper is coming back to give you all about information of altcoin analysis. At this moment I’m going to show you the chart analysis. Surely, we have knew about litecoin price action. The price movement was very slowly to grow up, if we compared with bitcoin and the other of altcoin. However, at this time is a moment for litecoin to make a great surprise. As we know, there are so many event on the litecoin until the end of the year cause in this month Litecoin is turning into Ten. Surely, it really wasn’t easy to survive in the long term way. The latest news I’ve ever heard before, said that Litecoin has collaborated with Bitplaza and Bitpay as payment method. Thus, do you know? The big event we’ve been waiting for so long, MimbleWimble, is going to release. MimbleWimble (MWEB) is one of the protocols used in the blockchain. It focused in privacy and fungibility. Therefore, MimbleWimble gives users an access to encrypt all data that is used while doing the transactions in the crypto asset market. So this step was taken to increase the security of the transaction. Back on this chart, let’s talk about the analysis of the litecoin. As you know, litecoin has broke the daily resistance on $195. It’s a good news for continuation price of increases trend. Even though it has a break resistance, the price still consolidation on the range $195-$200. Keep calm, just wait for the time to fly to the moon cause the price target would still go up higher. In my opinion, the first target is on the fibbonachi 0,618 or in the price is $295. After that, you would see the small correction to fibbonachi 0,5 and then back to the last all time high on $410. It’s the poin!!! Thus, if you’ve saw the wave like that, litcoin is getting ready to the moon. Oke dude, it’s a little bit of my chart analysis about litecon. See ya!
COINBASE:LTCUSD
by cryptodeeper
2
BTC Q4 Wave First, Like and follow please guys 👌 Ok i will make it brief, This is my Q4 debut to the end of 2021 We are going to seeing Btc at te end of December reach $117k - $124k. You may think that i fomo or got crazy, Let me explain you why and the most reasons. As you know, the relative analysis of Elliot Wave had always got 90% of the probability thats its follow the results of the analysis. Mine is one of them, but a bit different that a lot. I take all counts in the recents datas not only the past cycles. Now we saw and surely understand that Btc has increased his speed accumulation, the most reason of thats it the return of his popularity. Remember after the big crash in April, a lots of newbies got scared and lost a lot when its happened and then leaving the market. They are starting to back at the past weeks (2) , we also now have so much more big investors that jump on the cryptocurrency and leaving the stocks because as you know the stocks market are collapsing. Im not saying that its will not impact the crypto market, its will same as every but the crypto always proud that its much more faster recovering that any others markets. Now lets back into the chart, This is my 3 important point averages for Uptober $89,640 END November $64,000 END december $117k But did we are going to have another big correction that will bring BTC dip between $47k - $39k ? I believe that the next correction will be between 19th to 25th. I saw the higher high of Btc during Uptober reaching $66k and the next week and then as i said got a correction and then we are back btw $59k - $61k after thats Btc will do the same as always uptrend to $62,700 - $64,200 and play on this next accumulation zone to close the month of Uptober. How about November did will have also a correction? Yes, its will come with the next Moon, its easier for everyone that learn the principles of this indicators, the moon are changing every 14-16 days. You will seeing clearly that after reach $84k we are going to drop at $77k to retrace and valid the supports passed, once finish starting a new uptrend slowly but surely to close November between my average. December $117,000 - $ 124,000 ITS CRAZY!! Not much as you think, remember that Bitcoin as i said had accelerate his speed during Each phases of accucmulation and correction since we started Uptober. Popularity and new arrival of big investors will increase his bounce, that will become more stonger and high weeks after weeks. Hope you got the plan, if you are with me: Follow, Like Coments what you think about it
by CryptoMeisterOfficial
3