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Wave Analysis

Wyckoff Price Cycle ExplainedAccording to Wyckoff, the market can be understood and anticipated through detailed analysis of supply and demand, which can be ascertained from studying price action, volume and time. As a broker, he was in a position to observe the activities of highly successful individuals and groups who dominated specific issues; consequently, he was able to decipher, via the use of what he called vertical (bar) and figure (Point and Figure) charts, the future intentions of those large interests. An idealized schematic of how he conceptualized the large interests' preparation for and execution of bull and bear markets is depicted in the figure above. The time to enter long orders is towards the end of the preparation for a price markup or bull market (accumulation of large lines of stock), while the time to initiate short positions is at the end of the preparation for price markdown.
BITSTAMP:BTCUSDEducation
by Lzr_Fx
Fib's channel, It's up to you how you will interpret itThere is a chance to go lower, be careful! I like Fib's channel to predict next moves. Back in few weeks I was correct about moves of XRP but didn't published. I saw that XRp gonna drop down to 1,3 and next to 1, what just happened last days, but instead earn money I lost much, cuz I thought that was for real too crazy that I could be right. "Sometimes you eat the bear, and sometimes, well, the bear eats you."
BITSTAMP:BTCUSDEducation
by famousPie-czyli-sernik
2
Why The Rich Get Richer. It Is Your CHOICE What is the difference between the rich vs poor mindset? How do the successful differ from the rest of us? So many people do not obtain financial freedom because they do not have one thing: the right mindset . Everything starts with how you think about money, wealth, and success. It is not a matter of luck, birth, or connections. The biggest differences between rich and poor people can be traced back to mindset, outlook, and behavior. The rich and the poor don’t only differ in how much they have in their pocket, but also in how they think. Rich people have a way of thinking that is different from poor and middle-class people. They think differently about money, wealth, themselves, other people, and life . By doing so, you will have some alternative beliefs in your mind from which to choose. In this way, you can catch yourself thinking as poor people do and quickly switch over to how rich people think. A positive attitude , focusing on doing the right thing overlooking good, becoming a continual learner and careful risk management are all differences between the rich and poor. This reduces their odds of becoming poor after disaster strikes, and it helps them achieve their financial goals over the long-term. A rich mindset will tell you to be self-sufficient & build multiple streams of income. It will tell you to build a team of smarter people than you to leverage the efforts of talented people. The mindset of the rich is the most decisive reason why “the rich keep getting richer, while the poor get poorer.” Bill Gates has been quoted as saying, “If we weren't still hiring great people and pushing ahead at full speed, it would be easy to fall behind and become some mediocre company.” So, which mindset do you have? ❗️Please, support this idea with like and comment! Thank will help a lot! Also, subscribe to my social networks, the link is below!❗️
Editors' picks
Education
by SignalProvider
28
Elliot Correction Wave A-B-C (How To Draw)How to Construct A-B-C wave ? The corrective wave sequence A-B-C has following Fibonacci rules: Wave –A this is 0.618 retracement of the prior wave it must be against the prior trend. (Example: Trend was up) Wave –B this is 0.618 retracement of wave – A and may expand till 1.272 retracement of the wave –A Way To Get This Levels: Wave A- To get Fib ret level- go from start of prior trend up(low point to high point on chart)- Price will drop to 0.618 level. Wave B- To get 0.618 level - Take highest point on chart to bottom of A- price should retrace to Wave B level- this is a sell area which may expand to 1.272 level noted on Fib ret tool over example chart. Please practice with how to construct 1-2-3-4-5 impulsive waves and how to construct A-B-C- waves on different time charts- if you are a beginner charts over 1 hour will be easier to see and practice on.. Look for entries during high liquidity and volume times of session- or in between end of Tokyo close to London close.
Education
by Anbat
Be cautious! Inverse H & S at the end of wave A is a pitfallClassic tools are simple yet powerful tools but if and only if you know when to use them, otherwise they can be very misleading. A good example of such pitfalls is inverse head and shoulders at the end of wave A. Traders who rely on this pattern regardless of its position in terms of Elliott waves may expect a new major high and become ready to make a nice profit but they get shocked by the market very soon in the case that they used inverse H&S at the end of wave A. A clear example of this pitfall happened at the end of wave A on TSLA . Details are shown on the chart. In fact, Head and Shoulders and inverse Head and Shoulders are nothing but some patterns forming in some types of Elliott wave cycles. You have to know when to use them. Inverse head and shoulders is a POWERFUL tool when you use it at the end of wave C . I refer who may argue that this is an after the fact publication to my idea published on Apr 13th when most traders were bullish on TSLA. Link is also provided below. Hope this to be useful and can help you in your trades. Best wishes.
NASDAQ:TSLAEducation
by SaeedSajedi
6
Why Ethereum?ETHEREUM “The only thing that really worried me was the ether. There is nothing in the world more helpless and irresponsible and depraved than a man in the depths of an ether binge.” Hunter S Thompson, Fear & Loathing in Las Vegas. Why Ethereum? Ethereum is an open-source platform based on blockchain technology, which allows new developers to create their own decentralized applications, called Smart Contracts. Bitcoin stores data on transactions in Bitcoin Ethereum stores data on transactions in Ether tokens, but also stores details of any Smart Contracts written and uploaded to its blockchain. Smart contracts are just like regular contracts but in digital form. This is kind of ideal for financial contracts, such that when certain criteria are met, the transaction occurs without further input. Additionally, the data is all decentralised, and therefore more secure. Thanks to blockchain technology, smart contracts can be executed as programmed, without the possibility of delays, censorship or outside interference (which is the case with physical contracts). In other words, they allow efficient, safe operations and without intermediation. Users pay for the use of the decentralised network using… you guessed it… Ether tokens. While this is all a bit mumbo-jumbo sounding, but suffice it to say major companies rate it enough to get involved, and are currently developing applications using it, see this article . This gives Ethereum a decent edge over Bitcoin going forward. It has intrinsic “crypto-value” and also an actual real-life use case. You can facilitate exchanges of money, shares, property, content, or anything else of value. This and the fact it is open source allows the community and private companies to trade it as well as use it for projects. Ethereum was developed in 2013 by Russian Vitalik Buterin, but it wasn't until 2014 that he and his partners presented it at a Bitcoin conference in Miami. From the funds raised in the subsequent crowd-sale to today (remember that it is ranked number 2 in the ranking of cryptocurrencies with a capitalization of almost half a trillion dollars), the history of Ethereum is a success which would not have been seen without the rise of BTC. ETH is currently 67% correlated to Bitcoin. TECHNICAL ANALYSIS The weekly chart shows that it is very likely that Ethereum is in wave 3 as you may be able to see in the image. While ETH is very young in terms of how reliable Elliott Waves can possibly be in cases like this, there is no denying that the movement up has been impulsive. VERY impulsive! It’s not that often you are looking at a 10.618 extension. After such an aggressive surge upwards, I would expect a pullback & given the correlation to Bitcoin, this would be a little after BTC has engaged on its own corrective move, which I expect imminently. I also think the pullback will be large. I am long term bullish and believe that the price of Ethereum has the potential for appreciation, but needs to collect some liquidity from lower down. Possibly a lot lower down, and the size of the correction will be influenced by the correction in Bitcoin. So, the message for now is basically wait for a better opportunity. This is not investment advice and in no case will I be responsible for possible losses caused by investing in an asset as volatile as cryptocurrencies.
BITSTAMP:ETHUSDEducation
by Paul_Varcoe
11
1 D Structure Trading Support and Resistance Hi Some notes to myself and hopefully something helpful to my fellow traders for trading longer term market structure without the use of lagging indicators. Simply looking for reversal patterns like the double bottom seen here then waiting for a break out upwards of Structure Resistance and the decending trendline .. Retest of now hopefully support.. waiting for a successful Daily close above the Structure Support area and buying on the following days open.
BITSTAMP:BTCUSDEducation
by Neilsh
Mastering Elliott Wave AnalysisHi, traders! Today we gonna speak about Elliott wave principles. 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.
BEducation
by Skyrexio
10
BTC_EUR: A view for the next days When applying Elliott Wave Theory for graph analysis, we must remember that nothing is certain, only probable. Very often, waves can be confused with others. For this reason, an analyst using such a theory does not have to trace the waves and stand firm on that vision, but must look for future points of validation or invalidation. To do this, the principles that dominate this theory are used. There are three fundamental ones: 1. Wave 2 never goes below wave 1. 2. Wave 3 is never the shortest wave. 3. Wave 4 never enters the price territory of wave 1, unless we are in the presence of an ending diagonal. Having said that, let's proceed to the analysis of the Bitcoin Euro pair. WEEKLY GRAPH: I usually use the weekly chart to identify the current trend. Looking at the chart, we see that we are in the presence of an uptrend. DAILY GRAPH: The daily chart is used to plot summary waves. I have interpreted the graph as in the figure. After a corrective pattern, I start tracing what for me is wave 1, followed by what for me is a zig zag pattern. As we can see in the figure, wave C is nearly 1 of fibo wave A. Also, wave C is less decisive than wave A, which indicates a loss of momentum of the corrective pattern. Another confirmation can be seen in the lowering of volumes that accompanies the zig zag. Then we find wave 3, very extended compared to wave 1 and accompanied by very high volumes. HOURLY GRAPH: Turning to the hourly chart, I can see an ending diagonal, which is plausible given the strong push of wave 3. The ending diagonal indicates the exhaustion of the trend. Consequently, I now expect the fourth wave, which is countertrend. I see confirmation of the start of wave 4 from the fact that the price has dropped below wave 4 within the diagonal. Now, keeping to another principle of this theory, we should expect wave 4 in the price arc of wave 4 of a lesser degree of generality. Obviously, this is just my interpretation. In the next few days, I will update the idea based on the new implications. For now, the general trend is bearish, sideways. I accept any advice. Thank you !
Education
by StockStork
The Quarter's Theory (Is Price Action Random & Chaotic?)IS PRICE MOVEMENT RANDOM? No There is a notion that price movement in financial markets is random and chaotic. Quarter theory suggest a clear pattern in price movement, challenging the notion that price movement is random. Quarter theory organizes the daily fluctuations of currency exchange in a systematic orderly manner. Quarters Theory focuses on the 1000 PIP Ranges between the Major Whole Numbers in currency exchange rates and divides these ranges into four equal parts, called Large Quarters. Each 1000 PIP Range contains four Large Quarters and each Large Quarter has exactly 250 PIPs (1000 PIP Range/4 = 250 PIPs). Can you day trade The Quarter Theory? Yes (Look at attached price action on GpbNzd 1 hour chart, between Tokyo end and London end. The 100 PIP Ranges between two whole numbers in currency exchange rates are also divided by The Quarters Theory into four equal parts called Small Quarters. Each 100 PIP Range contains four Small Quarters and each Small Quarter has exactly 25 PIPs (100 PIP Range/4 = 25 PIPs). The numbers that mark the beginning and the end of each Small Quarter are given the name Small Quarter Points. Currency exchange rates fluctuate in orderly series of price moves from one Small Quarter Point to the next, measured in increments of 25 PIPs, in a systematic effort to complete an entire Large Quarter of 250 PIPs. In order to monitor the price behavior of currency exchange rates within the range of each Large Quarter, The Quarters Theory establishes three important price levels within each Large Quarter:– The End of the Hesitation Zone,The Half Point, and The Whole Number preceding a Large Quarter Point (25 PIPs). HESITATION ZONE: The Hesitation Zone is the range of 75 PIPs above or below a Large Quarter Point. The Hesitation Zone is formed by the first three Small Quarters of 25 PIPs of each Large Quarter. The Quarters Theory uses the Hesitation Zone to identify successful or failed Large Quarter Transitions by distinguishing between decisive and indecisive entrance of prices into a new Large Quarter. If prices stay confined within the Hesitation Zone, the End of the Hesitation Zone can prove to be a difficult support or resistance level to overcome and may prevent further progression of prices beyond the range of the Hesitation Zone, leading to price exhaustion and unsuccessful completion of a Large Quarter. Only decisive price moves that target the end of the Hesitation Zone and do not break above (or below) the preceding Large Quarter Point on pullbacks are considered to be an indication of a successful Large Quarter Transition.
Education
by Anbat
HOW TO TRADE WEDGE PATTERNS IN A RIGHT WAY This is an Educational post regarding ' HOW TO TRADE WEDGE PATTERNS IN RIGHT WAY ' 1. There should be a nice uptrend or downtrend before you start marking the pattern 2. join the most touches of body candle or wicks as per your trading style and what works for you 3. If a Fakeout has happened then most the chances of pattern to work increases 4. check the volume of recent price 5. always pay closer attention to price when price is near to the breakout 6. Always look for good body momentum candle breakout with good volume 7. aggressive traders can enter after the breakout 8. I always buy on the retest of the resistance level which became support or vice versa for short trade 9. Use your personal favorite indicator to add confluence to the trade Do let me know if you learned anything from this post
NSE:HINDALCOEducation
by dhruvchaddha
1
How To Trade: Bullish Wedge PatternStep 1: Identify the Wedge pattern Step 2: Measure the previous impulse Step 3: Project the previous impulse move at the completion of the wedge pattern Step 4: Patiently wait for TP to get hit 👋 Hello and welcome traders to another trade idea with SunnyHillCapital ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research. Thank you for reading, Cheers to many pips! 🤝
OANDA:WTICOUSDEducation
by SunnyHillCapital
HOW-TO add dynamic alerts to whale jump out of ocean This tutorial applies to the (blackcat) L5 Whales Jump Out of Ocean X indicator. This is an Invite-Only indicator based on Tradingview. By adding the dynamic message alerts, 30~400 trading pairs tracking signals can be set in the premium account of Tradingview, once the whale/banker fund is detected. The Tradingview alert system will send the alarm information to your mobile phone, App or email to remind you according to your customized configurations. The reason why I added this function is that @azrultebi, on 2021-04-12, proposed to add an alert function to this indicator. The specific requirements are: 1. when whale start jump long or short entries. 2. fibonacci bottom and top time window. 3. long entry motive waves or short entry corrective waves. Alerts for Whale Jumps For the whale jump alert signal, the function definition is relatively intuitive. Short at the first yellow bar when the short whale appears, and close short position the first green bar that appears after; in the same way, long at the first fuchsia bar when the long whale appears, and close long position at the first red bar that appears afterwards. Therefore, there are 4 alerts for whale jump signals, namely Whale SHORT (S+), Whale LONG (L+), Whale XSHORT (XS+) and Whale XLONG, (XL+). These four signals are relatively reliable, and try to use them in a time frame greater than or equal to 1 hour. The larger the time frame, the more stable the entry signal. The trigger frequency of these alert signal is the first function call in the latest candlestick to trigger the alert. Alerts for Waves For the wave alert signal, the definition of long-short reversal is rather vague. I used John Ehlers' filtering technology to process the wave digitally, filtering out a lot of noise signals, and ensuring that its delay is within 1 to 2 candle bars. However, it is still difficult to filter the frequent entries in sideways market. The difficulty of this operation is that some good trading points are born in the sideways. I have tried to add Chop Index Filter for filtering, but found that some buying and selling points will also be filtered out and lose profits. Therefore, I gave up the sideways filtering mechanism. I directly utilize the filtered moving average golden cross and dead cross to produce a wave entry signal. According to the definition of Elliott Wave Theory, a motive wave is a long wave, and the incoming signal is Wave LONG (L); similarly, a corrective wave is a short wave, and the incoming signal is Wave SHORT (S). It is worth noting that the wave alerts did not generate a close/exit signal. Therefore, the wave alert has only two signals: long and short. Compared with the wave long-short signal and the whale long-short signal, the main difference is in the trend strength and certainty of the market trend. Obviously, the whale signal is stronger than the wave signal in trend strength and certainty, so when placing an order, the order size and position control can be defined accordingly. For wave signal, small order sie can be used for test/verification; For whale signal, half of balance can be used to follow up. Alerts for Fibonacci Time Windows For Fibonacci Time Window "Support" or "Resistance" signal, I did not add alerts here because they are blur and not suitable as precise entry signal. HOW-TO add alerts Alerts in this script use an`alert()` function which allows a fully dynamic message to be generated when the alert triggers. To create the new alerts: Create one alert for the script using the chart’s “Create Alert” dialog box and select an alert type including “alert() function call”. The Alert message format is like: " Symbol: BINANCE:DOGEUSDT, Whale LONG (L+), Price: 0.592 " This format generates automatically from the indicator and you do not need to set any input parameters besides alert configurations. If you are fresh on Tradingview Alerts, I recommend you to read Tradingview manual and blog as, (1) How to set up alerts, www.tradingview.com (2) Our New Alerts Allow for Dynamic Messages, www.tradingview.com
Education
by blackcat1402
14