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Wave Analysis

Trading Triangle Patterns With Elliot WaveOn the ascending triangle, price is not making any higher highs but is forming higher lows, and on the 5th extension, price broke out of the pattern. The descending triangle, price was forming lower highs but not forming lower lows, making this area a key level to price action marked in gray. After the 5th extension, price broke out of the pattern. Notice when these patterns had a breakout, the break out upward was above the 50 moving average, and when price broke below, the breakout was below the moving average.
Education
by AzzenWazHere
ETHUSD Weekly Overview 3/26ETHUSD WEEKLY OVERVIEW 3/21 - 3/26 In this video I go over my personal perspective on the opportunities Ethereum presented throughout this week. There were 2 amazing entries that were presented totaling over 350+ points! The first setup averages around 250 points and the second was around 100 points. My first entry was at the 1780 key level and the second was around the 1700 whole level. The entry was also given extra confirmation based off the Fibonacci key levels. My initial targets were fibonacci extensions leading all the way towards the -618, around the 1550 price point. There are times where price presented hundreds of points and then pulled back before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences, Moving Averages , and a mixture of Multi Time Frame Confluence . Most importantly the visual realization of emotions cycled into the chart. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & STAY BLESSED! ~T$
BITFINEX:ETHUSDEducation
by OkayTrev
BTCUSD Weekly Overview 3/26BTCUSD WEEKLY OVERVIEW 3/21 - 3/26 In this video I go over my personal perspective on the opportunities Bitcoin presented during this week. This week there were 2 possible entries that were presented totaling over 7500 pips! The first setup average around 5000pips and the second was around 2500pips. My initial target was my -13 extension level around 52k. There are times where price presented several thousands of pips and then would pullback before continuing the overall trend. It is important to always secure some type of profits on a trade when you are significantly ahead. Never leave any money on the table or turn a winning trade into a losing trade. Even if your entry gets stopped out, then continue working that zone over and over until the analysis invalidates itself. The level must prove that it is valid before having real confirmation that it may continue. I ran into this same example around my first entry at 57K and then again later after the continuation of the first sequence. Even though my first target was 52k price made a lower move into 49K! This is huge for the continuation back up higher into the 60K+ range, or even back lower into a deeper retrace. Whatever price decides to do I will remain patient and let the story unfold for me. We always REACT NOT PREDICT!!! My style of trading uses Market Structure, Price Action, Fibonacci, Wave Sequences and Moving Averages . Most importantly the visual realization of emotions cycled in the chart. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY PATIENT & BE BLESSED! ~T$
BITFINEX:BTCUSDEducation
by OkayTrev
1
#BTC - FROM TRADE IDEA TO TRADING PLANYesterday i posted a chart on Twitter, where i was expecting a bounce for bitcoin on the 4h timeframe (i'll post this general idea in the comment section). I had no clue about the kind of pattern it was going to form, so i moved to the 15 min chart, because the bounces most of the time are very fast and you need a lower timeframe. I've seen a double bottom, with the second low higher than the first. Then i've seen an harmonic pattern with a bearish divergence on top, so i was expecting a wave down at that point. The perfect entry point in this kind of price action is the 61,8 % of the last wave up. Using that entry point and a stop loss below the double bottom you have a good risk reward trade setup most of the time.
BINANCE:BTCUSDEducation
by cantestogo
1
MFTUSDT Potential EWT Zigzag (5-3-5) correctionPotential Elliott Wave Zigzag (5-3-5) correction. • Zigzag is a corrective 3 waves structure labelled as ABC • Subdivision of wave A and C is 5 waves, either impulse or diagonal • Wave B can be any corrective structure • Zigzag is a 5-3-5 structure Fibonacci Ratio Relationship • Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A • Wave C = 61.8%, 100%, or 123.6% of wave A • If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not- We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature. and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
MEducation
by CryptoTrend-Alerts
The Lazy Man's Guide To ELLIOTT WAVEElliott Wave Post 2; after writing the first post I have received some questions. So I thought it easier to write a follow-up post here showing some tricks. To be clear, I am not an Elliottition as a whole, I use it as part of a wider strategy on the monthly and weekly timeframes. But also we have access to an automated Elliott wave tool. The Elliott wave logic still works today and with a couple of little tricks, you will be able to use to help forecast potential target zones. Elliott can be very subjective and the saying goes "if you ask 10 Elliott wave traders where to plot the waves, you will get 9 different answers" So just like everything else, you need to use it wisely and not rely solely on it. Again to reiterate - this is not a full-out lesson, there's more to learn on the topic. But these little tips will help you along the way, even to get into the overall concept a little quicker. Step 1 - if you have this in your mind, you will be able to start the process for an overall measure. Major rule Wave 2; If you can identify a wave 2 but it is less than 50% of wave 1 - be careful as it could create a double bottom (in an uptrend) and dip a little lower before moving up. with 1 & 2 identified you can start working on estimations for 3. Knowing wave 3 is usually 1.618 or 2.618 - will give you a good idea of where price is heading. Again you could use things like Stochastic or RSI to assist the directional bias when you feel you have identified the 2. Let's go all out - let's say we have the perfect setup... We can also say that a lot of the time, wave 4 is around 38.2% of wave 3 and often no greater than 50% (whereas, wave 2 is often more than 50%) Then lastly, if we know a potential target for 3 (maybe draw 2 target levels to test) we can use that with 2 levels for the 4 move 382 and 50 as a rule of thumb. You can see what works best for the instrument you are trading. How they play out with backtesting and so on. It would be great to get some additional comments from traders who use Elliott every day, even from new traders only now getting into Elliott waves. Any additional tips or trips from the pro's for the newer traders? If you are new to Elliott waves - see the related post below for the basic concept. Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
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FOREXCOM:SPX500Education
by Mayfair_Ventures
35
HOW-TO: What happens after a completed Elliott 5 Wave sequenceIn this "How To" video, we take a look at typically what happens after a completed Elliott 5 Wave sequence, using the MTP Elliott Wave Script. First, we must stress that finding the end of an Elliott Wave 5 sequence is inherently dangerous, because a Wave 5 is the "end of a trend", so very often overruns. So, the only time we would ever consider trying to pick the end of a Wave 5 is when there are other reasons for a possible trend reversal, for example higher time frame support / resistance. This is what we demonstrated in this example, where the market was also at Daily (higher time frame) Decision Point (using the MTP DP Script), resistance. There was also divergence in the MTP Trend oscillator (not shown specifically in the video), thus showing weakness was entering the market. As such, this should really only be used by the more experienced Advanced Traders, who have more experience with Analysing the markets. Remember, no matter how good a setup "may" look at the time, markets can, and will, go in the opposite direction, so losses can and will unfold. That is why is is vital that Stops are in the market and any inevitable losses are kept small. Having sad that, once the Wave 5 is complete (and this is the purpose of this "How-To" Video), the market then tends to retrace to the Decision Point (using the MTP DP Script), from the prior Wave 4 swing. I.e., this is the "initial target" following the completion of the Wave 5 Swing. Then, "if" the initial DP is exceed (as in this example), the next target would then be the Decision Point (using the MTP DP Script), from the start of the 5 wave sequence. I.e. the market then retraces the whole of the prior 5 wave sequence. I hope this has been helpful, and shown how the more experienced Traders among you could develop your own trade setup in and around this. For example, trading off the MTP coloured reversal bar (using the MTP Analysis Script), at the Wave 5 high (which is also at higher time frame DP), with an "initial target" of the DP from the prior Wave 4. We have not shown this in this video as we wanted to keep things simple and just show the "typical" tendency of what happens after a completed 5 wave sequence. Please note: this is not a trade recommendation, you should all perform your own Analysis. Losses can and will unfold when Trading, please always use Stops and keep your losses small.
Education
by MTPredictor
1
Bitcoin 57k-53k Sell BreakdownBitcoin 57k-53k Sell Breakdown In this video I go over my personal overview on the move BTC made from around 57125-53300. The video is broken down into 2 parts! First me showing my full markup of everything pieced together. The second half is a breakdown from scratch of how I put the pieces together. Market structure was a little bit shaky as the buyers are trying to hold control but the story is able to be identified from the 4HR TF and below. Especially on the 15min price action gave all the answers to the test to see the sell. Patience is key and always pays. I utilize the Fibonacci and Elliot Wave Sequences to provide a different perspective on the sell. Giving more confirmations to follow the price action. Market structure is King & Price Action is Queen . As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED! ~T$
BITSTAMP:BTCUSDEducation
by OkayTrev
📚 The Perfect Impulse - Correction - Impulse 📚NZDUSD has recently given us the perfect impulse, correct, impulse move, which is probably our favourite pattern to trade. The market moves in waves. There's an impulse wave, followed by a brief period of consolidation/correction where buyers and sellers accumulate their orders. This is often followed by another impulse wave in the same initial direction as the first impulse. The great thing about these patterns is that we can have a clear stop placement, which is above the correction. If you have a closer look at this chart, you will be able to notice various impulse waves followed by corrections. Do your best to find them in your trading!
Education
by WicktatorFX
7
Etherum 1780-1660 Sell BreakdownEtherum 1780-1660 Sell Breakdown In this video i go over my personal overview of the sell setup that Etherum made from 1780 down towards the 1660 area. From the 4HR TimeFrame price action was telling the story that lined up beautifully for the continuation towards the down side. From the lower time frames the buyers were attempting to hold the support levels but failed to continue the trend once it made its way above the 50EMA. I utilize the Fibonacci and Elliot Wave Sequences to provide a different perspective on the sell. Giving more confirmations to follow the price action. As always THANK YOU and if you found this video helpful, please let me know by hitting that like button and/or leaving me a comment below. Also, feel free to share your opinion on this setup or other setups that you have. The more ideas we can generate together, the more informative these ideas become for newer traders. STAY BLESSED! ~T$
Education
by OkayTrev
Trading worckstationBeginners often ask me what the optimal trading PC looks like, what to look out for and whether there are special requirements. In pictures you can often see these trading workstations with countless monitors, etc. But the truth and the conclusion right away: You don't need special equipment or a special computer to trade successfully. If you are able to read this article online, you probably already meet the minimum requirements for a trading PC. Successful trading depends on factors such as trading psychology or the right strategy! Not from the equipment. I can also buy marathon shoes now and still wouldn't be able to endure 2 kilometers running. I even advise you, as a beginner, in most cases not to buy a special trading computer. For the following reasons: You don't need these countless monitors, which you usually see on any pictures, because you concentrate on one or a maximum of two markets. Everything else just distracts you, stresses you out and makes for one of the most expensive mistakes in trading: trading too much! Quite pragmatic: money is better off on the stock exchange. The monitor and your trading PC will only be worth half in a year. If you are clever with the money, it will be worth at least twice as much. So the following tips are all optional and come from my personal experience. For beginners, it is better to invest the money in knowledge. I value the following factors: reliability Fast start / operation thanks to an SSD hard drive and a good processor as low a volume as possible Operation of several monitors possible Solutions with multiple monitors are particularly interesting for traders. I currently use 3 monitors (but 2 are usually absolutely sufficient) When choosing a trading PC, I don't pay so much attention to the price, but rather to purchasing reliable devices from large, well-known brand manufacturers. They offer long-term support, good expandability and high quality and reliability. Since trading is about money, that's more important to me than saving a few euros on a one-off basis. Since I usually sit in front of the computer for 12-16 hours, an ergonomic workplace is also very important to me. What is important to you, what kind of equipment do you trade with, you are cordially invited to leave a comment
Education
by TR7z
1
Why trading with Pine script can give you an extra month a year!I've spent around 9/10 years trading with technical analysis. I used to spend 2/3 hours on a weekend and easily 1/2 hours each day on the screen - that doesn't include the amount of times I'd be checking from my phones on and off throughout the day too! So add that all up - its 620-700 hours per year. Frightening. We trade for freedom and time - not to spend that time looking at a chart. Well, in my opinion anyway. A month is 720 hours - so pretty much an extra month a year. Crazy right? Fed up, I created a systematic approach. This video highlights how my systematic strategy works vs. how you would see the markets technically on the last GJ sell. Pinescript makes all this easier too, I have data at the click of a button! Any questions feel free to drop me a DM. Thank you, Darren.
Education
by pow_removetheguesswork
8
Reversal pattern : patterns that change the previous trend Hi and welcome to this educational post: Here is some of the important Reversal patterns : 1.Double Top: price two unsuccessful times try to break resistance and continue the trend but second time that failed if the price fall more than previous support that formed (fall under neck line) then pattern completed and falling would start . 2.Head & Shoulder : has three peaks that the left and right one are often with same height but the middle peak is highest one. and this reversal pattern turn bullish market to bearish 3. Rising Wedge : higher highs and higher lows, but low's trendline is sharper and once price fall more than previous low support the pattern get completed and huge fall is expected 4. Double Bottom : price two unsuccessful times try to break support and continue the trend but second time that failed if the price rise more than previous resistance that formed (rise above the neck line) then pattern completed and rising would start . 5.Inverse Head & Shoulder : has three peaks that the left and right one are often with same height but the middle peak is highest one. and this reversal pattern turn bearish market to bullish 6. Falling Wedge : lower highs and lower lows, but high's trendline has sharper fall and once price rise more than previous high resistance the pattern get completed and huge gain is expected <> << Comment below and let me know your opinion about this tutorial >> <>
Education
by MMBTtrader
71