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Wave Analysis

How to Target wave 3 and wave 5 of Elliott waveElliott wave target is quite accurate target zone help you a lot in trading As this chart and thumbnail chart I expecting price come down wave 4 or continue go to yellow target then make wave 4 So how can we target, firstly to target wave 5 we have to identify which wave is extension • If wave 1 is extension We use Fibonacci extension 012 With 0.618(major), 1, 1.618 level In this chart price had reached 0.618 next target is 1 • If wave 3 is extension We use Fibonacci extension 014 With 0.618, 1(major), 1.618 level • If wave 5 is extension We use Fibonacci extension 034 At this point we draw we don't know it is ext 5 or not but if price keep going we need to watch this level With 0.618, 1, 1.618(major) level To Target wave 3 first We use Fibonacci extension 012 With 1, 1.618, 1.786, 2.618
NASDAQ:AAPLEducation
by EW_T
1
Learning Parallel Channel TrapsSometimes we can get so caught up in the fear of missing out on the breakout that we forget it could be a trap. It is always crucial to listen to your intuition when you see these easy setups because more often than not they are more complex than they seem. In this example, a breakout occurred and buyers put stops below the last structure, a few days later this structure got raided for liquidity. Once the liquidity was gathered we began to see the true move to the upside. Do you see this often in the markets?
Education
by AlkalineFX
2
The importance of the STOPLOSS protective orderThe importance of the STOPLOSS protective order Our protective stops are vital to managing our risk, and just a single position you open without a stop can lead to the suicide of your trading account. The uniqueness of stop orders lies in the fact that they, being pending orders, await their execution at a predetermined price. When stop orders are triggered, their important function is that they add momentum to the market and at the same time use the liquidity present in the market. 1) Many have probably heard such information as: "When entering a trade, place a protective stop just below the high / low of the price." The reason is that this level has been identified as an important support level . What else is posted in the support area? Limit orders of traders to buy, who have identified the support area and are waiting for the time to open a position when retesting the level. Is there a large number of stops under each level? It depends on the size of the timeframe and how quickly the price leaves the given zone at the time of purchase. 2) When the price gets to this level, traders are still interested in long positions, but this time the price does not bounce off that level as one would expect. It does not break it, does not make lower lows, but displays lower highs. If you were interested in going long right now, what would you do? The average trader who bounces off the support level would enter a long position with a stop just below the support level . If you had a limit order that hadn't been filled yet, I would have postponed the order. Candlesticks / Bars displays lower highs; The price does not rise as fast as one might expect; You know that just below the support area there are a lot of stop orders. 3) What happens next? The price moves downward under pressure and breaks the stops of traders who have long positions, and, as we remember, when buy stops are triggered, these are market sell orders, and they force the price to move further down. And traders, who are waiting for the opening of short positions, open them because the price breaks the support level , but then the market takes them out, “eats” them, because the price goes higher. 4) Those traders who were initially set for long positions and who were thrown out of the market by broken stops help push the price up. Now the graph looks like this: New stops are placed below the new level, in front of us is Groundhog Day. And everything that has just been played will be played over and over again ... only at different price levels. STOPLOSS is a way to limit losses when managing an open trading position or portfolio of positions. In fact, a stop loss is an order to close a position in the event of an unfavorable price movement. The trader sets a stop loss to limit his own losses and trade within his own money management rules. Find me on:
Education
by fxpremiere
HOW TO COUNT WAVES IF WE'VE BEEN ON THE BULLISH TREND.I thought we've been bearish since 2075 but I sort of noticed that I've been wrong since 1676. When I make a mistake in counting, I look back at previous waves to find some tips and I got something. Here is just one idea. If we've been on the bullish trend, previous waves can be thought of as below. 01...1677 - 1795 (impulse) 12...1795 - 1774 (zigzag 3 wave correction) 23...1774 - 1809 (impulse) 34...1809 - 1780 (simple 1 wave correction) 45... Above 1809 (impulse) 12 was a zigzag correction, so it makes sense that the last 3 days' strong drop,34, is a simple 1 wave. If my counting is correct, the strong bullish wave would come to break 1809. I'm not sure yet if it's really bullish or not though because 1797 was broken yesterday, I'm getting bullish. We'll see after either 1809 or 1774 is broken. Erasing all TLs and other stuff, we can see the price moves very clearly. 💡The absolute principle for trading💡 BUY - as low as possible SELL - as high as possible PLEASE DO NOT FORGET TO SMASH LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
OANDA:XAUUSDEducation
by waveslover
2
Today’s Notable Sentiment ShiftsHigh-Beta – AUD, CAD and NZD benefited from rising commodity prices on Tuesday, as markets set aside concerns about the spread of the Delta coronavirus variant. The notable outperformer in the commodities complex was oil prices, with WTI approaching $68 per barrel, up almost $2.50/+3% on the day. Indeed, following today’s strong performance in WTI, TD Securities noted that: “With the impact on demand fueling chatter that OPEC+’s next monthly output hike could be delayed, and China’s “Zero-Covid” strategy appearing to have quickly contained the outbreak, crude oil could once again have a solid footing to challenge the $70s.”
OANDA:WTICOUSDEducation
by thunderpips
5
📈📉How Market Cycles Work | Bull & Bear Market 🐿 All the financial markets are cyclical : after a sharp and strong bullish trend always comes a severe bearish rally. After panic & massive selloffs, the market tends to recover and awakens optimism closing a vicious circle. Watching carefully how the price acts during these cycles, an observer can identify the recurring stages . #1 Accumulation The accumulation stage starts once the market finds its bottom. Bearish pressure weakens and the market starts trading in sideways. While the crowd remains cautious, smart money like banks and hedge funds start buying the asset considering that to be undervalued. It leads to occasional moderate spikes of a price. Being the best time to buy the market, the accumulation stage is the hardest to spot correctly. Global pessimism and disbelief make the investor scared to buy the asset. #2 - 3 Public Participation & Excess Stage The accumulation stage and the actions of smart money make the crowd buy the asset steadily. Pushing the market to new highs and generating sufficient profits, the crowd brings more and more liquidity into the market. Bullish trend is universally confirmed. The optimism steadily transforms into euphoria and the asset quickly becomes overvalued. Greed starts to dominate the crowd. Record highs are reached and no one doubts further growth. #4 Distribution At some moment the market stops growing. Even though everyone is very confident in a bullish continuation, the market naturally refuses to grow. Moreover, the market starts to slow down and volatility drops steadily. The market starts ranging and trade in sideways. Smart money starts selling their positions steadily to a greedy crowd. #5 Bearish Trend With an absence of growth, more and more market participants start selling the asset. Optimism steadily vanishes and pessimism comes into play. Contemplating negative figures, the crowd starts to panic, making the market fall sharply. The outlook is dark and no one believes in recovery. Then the market suddenly starts slowing down and the cycle repeats. Watch how the price acts, learn the price action & master the market cycles to benefit from any of them. ❤️ Please, if you enjoyed this article, like it and share your feedback in a comment section. Thank you! ❤️
Education
by UnitedSignals
4
AUDUSD - How To Trade This Channel! 😍 📚AUDUSD is in a really nice channel where price is respecting both the limits of the channel. We saw a nice bounce off the channel support and looks like we'll be heading towards the channel resistance very soon. The basic rules of trading within a channel are the following: - Buy on bounce off channel support - Sell on rejection off channel resistance - Stoploss outside of the channel - Targets should be the outer limit of the channel ** For descending channels, the move down will always be bigger than the move up ** For ascending channels, the move up will always be bigger than the move down Do your best to identify channels in your trading - easy trades! Goodluck and as always trade safe!
Education
by WicktatorFX
5
AUDUSD - How To Trade This Channel! 😍 📚AUDUSD is in a really nice channel where price is respecting both the limits of the channel. We saw a nice bounce off the channel support and looks like we'll be heading towards the channel resistance very soon. The basic rules of trading within a channel are the following: - Buy on bounce off channel support - Sell on rejection off channel resistance - Stoploss outside of the channel - Targets should be the outer limit of the channel ** For descending channels, the move down will always be bigger than the move up ** For ascending channels, the move up will always be bigger than the move down Do your best to identify channels in your trading - easy trades! Goodluck and as always trade safe!
Education
by WicktatorFX
2
FCPO Trading SchematicThere is 3 type of price reaction towards SnR i) Rejection ii) Breakout iii) False breakout How to trade (i) rejection @ M15? 1. Price close with reversal CS - long wick 2. M5 has engulfed at least 60% 3. Set Limit order near the neck of close M15 CS. How to trade (ii) breakout @ M15? 1. Price close outside the SnR 2. 2nd CS also close outside SnR 3. Entry after rejection @ M5 How to trade (iii) false breakout @ M15? 1. Price close outside SnR 2. 2nd CS close inside SnR 3. Immediate entry after 2nd CS close. 4. Usually the aftermath range is the biggest after price consolidation. Another addition entry is Rejection-continuation : 1. Always happen in strong trend as a pullback 2. CS rejection @ M15 3. CS engulf @ M5 4. Immediate entry after rejection CS close
MYX:FCPO1!Education
by ArifHasbollah
NVDA, Continuation of correction or making new ATH ?Is NVDA on the way to make a new ATH or correction still continues? We have to follow. NVDA is a beautiful example of different scenarios possibility! If we look at the chart (right side) we simply may consider that correction is completed at 0.382 Retracement of last rally with clear abc form of correction but, is this the only possible scenario? Of course NOT Flat corrections may mislead many traders. Being aware about flat corrections and its characteristics is necessary but not enough at all. Being realistic is a key. We have to consider all possible scenarios and control our emotions. Traders who are long from the last low may not want to see the other possible scenario. They certainly wish to see new ATH but it may takes some more time than they expect!. On the left side of the chart we can see the flat correction. In a flat correction wave (a) is a 3 leg wave. wave (b) typically goes above 0.618 Retracement and touches 0.786 and even goes higher to 0.88 Retracement . Then, when every one expect a new high it suddenly goes for a 5 leg down wave (c). Which scenario is going to happen? No one knows. We have to use some risk management tools to manage our risk . Of course opening a position at such conditions is gambling not trading. We always trade objectively and try to see all possible scenarios. Don't we?
NASDAQ:NVDAEducation
by SaeedSajedi
3
TRADING WITH ELLIOT WAVESDear friends, Most of the time we first guess, then assume and finally start calculating whether the price of an instrument is to go up or down.We then make a strategy either to go long or short, still a number of times we fail to gain the profit as per calculations. It is because of the swings that creates confusion and we have to close our positions in fear. but if the strategy is based on logical theories, then a trader can trust on his logic to stay rather to close the position. Such is the beauty of this market is it agrees with almost all kinds of theories. Here in this example I have tried to show through elliot waves theory how crude oil have classically reacted to the price action levels mentioned in the books. I have taken 4 hour candle chart. The most interesting part is sometimes we need a bit of luck also to become successful in the market , because from the example at the point 4928 where 3rd impulsive wave is ending at 1.618, an expectation comes in mind that it might reverse at maximum .5 retracement to continue its 5th wave journey. Often it happens, but as a trader it is not wise to expect something from the market we have to go with the going. We can see at that point script has paused for 4 hours, giving an inside candle. and that is becoming the decider candle as breaking the high of that candle has taken the price confirming the bearish trend has overtaken and changed to a bullish one. But once the low of that candle broken, it confirmed the bears have taken control of trend as per the elliot wave theory. It came all along 1.0 impulsive of the 5th wave to complete the 5th wave and an identical 1.0 retracement happened to complete the wave A. Also a natural wave B formed with a gap down from where it should have make a journey to 5288. but it did not happened. At this point a long time consumed by both buyers and sellers to decide the trend which finally again controlled by the sellers just to confirm that wave Y is to take control of the trend which is likely to take the price to 4158. So from the chart we see that even if the price moved as per the wave theory, still if stoploss not set intelligently, instead of making money one would lose money. One more thing we can note from this example that if we can not remember the price levels we will never become a successful trader as the swing lows and swing highs always confuse us. Finally I request all friends to comment on this observation if something is missed by me.
MCX:CRUDEOIL1!Education
by Somanathrout
NIFTY WILL CORRECT UPTO11300Using my vast experience in Elliot wave labelling, I charted a super cycle count for NIFTY INDEX. NIFTY Completed its 5 legged 3rd wave and extended its ''B'' Wave recovery(Running flat correction)to16700 A five legged wave 'C' of WAVE ''4'' will bring the index to minimum 38.2% to 11300 before April 22 and oscillate up and down till July24 We have more time to resume 5 th wave ,which will make you richer again to 25000 NOW its time to play with bears
NSE:NIFTYEducation
by selvamB
7