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Wave Analysis

CADCHF Sell set upAs we can see market has came up with a nice strong bullish until march 31 , after that we are in a correction waves that I think wave A has finished with a very complete details in all of its 5 waves , so wave a has done its work on April 20. from April 20 so far in my opinion wave B is competing or may already completed as a triangle which I have counted it as a-b-c-d-e. so I'm willing to see wave C to start and as soon the price breaks the triangle in 4H time frame wave see would start and I expected to have a good profitable short In CADCHF. Hope its helps,
Education
by truthfulSeafow88078
How to trade multiple pairs in parallel, part 3We have three charts to compare: In the first chart, here we see that the EURCAD is in a bearish trend, In the second chart, here is a bullish trend, and here we see that CADJPY monitors the movement and mostly coincides with the chart CADCHF, and is totally the opposite of the EURCAD chart, In the third chart, here we see that CADCHF is totally the opposite of the EURCAD chart, also a bullish trend. When the EURCAD falls, CADJPY and the CADCHF rises. This way, you can combine these pairs. What do you think about that?
Education
by Aleksin_Aleksandar
2
How to trade multiple pairs, in parallel, the second partWe have three charts, and the most important is the DOLLAR INDEX chart and its direction of movement: In the first chart, here we see that the dollar index is in a bearish trend, In the second chart, here we see that EURAUD monitors the movement and mostly coincides with the chart DOLLAR INDEX, In the third chart, here we see that EURUSD is totally the opposite of the DOLLAR INDEX chart. We see that when the DOLLAR INDEX falls, also and the EURAUD, while the EURUSD rises. This way, you can combine these pairs. What do you think about that?
Education
by Aleksin_Aleksandar
How to trade multiple pairs, in parallelWe have three charts, and the most important is the DOLLAR INDEX chart and its direction of movement: In the first chart, here we see that the dollar index is in a bearish trend, In the second chart, here we see that EURNZD monitors the movement and mostly coincides with the chart DOLLAR INDEX, In the third chart, here we see that EURUSD is totally the opposite of the DOLLAR INDEX chart. We see that when the DOLLAR INDEX falls, also and the EURNZD, while the EURUSD rises. This way, you can combine these pairs. What do you think about that?
TVC:DXYEducation
by Aleksin_Aleksandar
Elliott's Waves and Figures: A complementar approachSome traders, when approaching Elliott wave analysis, abandon the price analysis through technical figures, wrongly. I, on the other hand, believe that the two must be complementary, as I will demonstrate in this article. When the ancient navigators navigated the lands and the seas, they were always looking for the stars, so that they could guide them. They had reference points and, thanks to them, they were able to reach the desired destination. Anyone who has studied the principles of Elliott's waves knows very well that these "guidelines" allow us to grasp the direction of the market thanks to the fact that investors, as human beings, reflect their repetitive nature on the markets and, ultimately , determine the final forms. Within this analysis of the waves, the figures of technical analysis could be sought to allow us to have a point of reference. On the other hand, if it is true that wave theory is able to explain every market movement, then the same figures of technical analysis will be nothing but movements that can be interpreted through Elliott's theory. Let's take the flag: the flag, analyzed from a "wave" point of view, can very well be seen as a zig zag, followed by a triangle and, finally, by another zig zag. Rectangles are usually double three or triple three. Double highs are generally caused by flat, double lows by truncated 5 waves. A head and shoulders can be seen as a normal high of elliot, while a head and shoulders that doesn't work could mean a flat expandend. So, when we study the market through Elliott waves, the search for these figures allows us to have a point of reference and, ultimately, to orient ourselves. If we find a flag, we know we are in a reactive phase. So, if the flag overall turns out to be a bull move, then we know that the motive move is bear. So ... always find points of reference. Look for your stars!
Education
by StockStork
Understanding the Psychology of Elliott waves in ETHUSDTIn two or three posts, we are going to examine the ETHEREUM/TETHERUS currency pair. I counted this currency code in the weekly timeframe. One of the best ways to recognize the fifth wave from the third (most of the time) is a Regular negative divergence in one of the oscillators (especially the popular, functional, and very popular RSI oscillator). In this divergence, we see the occurrence of a Higher High compared to the previous High in the price chart, while a lower High is observed in the oscillator. Candlestically, at the end of an ascending (descending) trend, candlesticks with longer shadows and weaker bodies are seen. In addition, in most cases, the correction of the fourth wave will be short and transient, because most people have just realized the important event and believe (justify themselves) that the ascending (descending) trend of the desired symbol will continue and start buying (selling). ) And launch the fifth wave. Compare this analysis with the charts and candlesticks of the ETHUSDT trading symbol and its fourth short wave. *************************** Comment: Dear followers and users of TradingView. I am glad to share my ideas and analysis with you. Please support me with your LIKES and COMMENTS below this idea. Sincerely. Good luck.
Education
by pirooz_trader
Gap TheoryThe gap theory is short and simple. Not everything needs to be lengthy and laborious. "Everything should be simple as possible, but not any simpler" Break-Away Gap Once a new cycle has begun and you see a breakaway gap in the STARTING of a move, you get confirmation of this new cycle. HOLD. Run-Away Gap Once the trend is continuing for some time and then you see a second gap, this is a confirmation that you are somewhere in the MIDDLE of the move, so you know a further movement in price is expected. HOLD. There is a possibility that you can get multiple runaway gaps. Exhaustion Gap After a move in price had already happened, a gap that signals the END of the move happens. If this is your 3rd gap on the, you should look very closely to distinguish if it is a runaway gap or exhaustion gap. SELL. How do you tell the difference between the exhaustion gap and the runaway gap? Easy, if after the gap happens the price shoot straight up without closing the gap in the next few days ---> runaway gap. HOLD. if after the gap happens the price is closing the gap in the next few days ---> exhaustion gap. SELL. If you like it, follow and like so it will be saved in your saved ideas for future reference.
AMEX:MJEducation
by ZoharCho
5
A simple Elliot Wave lessonI thought this would provide a good demonstration of Elliot wave theory with Dogecoin. I spotted this on a 2/5 minute chart but it displays nicely here too. Elliot wave theory depicts a retracement period, with waves a, b, c, and d (down, up...) all forming a horizontal triangle. Wave E breaks the down trend which fits perfectly with Elliot Wave theory. Watch for a breakout, or a false break with a continued horizontal retracement, AND more horizontal triangles...
Education
by pto1026
Wyckoff Yöntemi CR Binance AcademyA Fazı İlk faz, yerleşmiş bir yükseliş trendinin azalan talep nedeniyle yavaşlamaya başlamasıyla ortaya çıkar. Öncü Arz (Preliminary Supply (PSY)) satış gücünün kendini göstermeye başladığını işaret eder ancak halen yükseliş trendini durdurmaya yetecek kadar güçlü değildir. Daha sonra yoğun bir alım faaliyeti sonucunda Alım Zirvesi (Buying Climax (BC)) oluşur. Bu genellikle deneyimsiz tacirlerin duygusal alımlarından kaynaklanır. Daha sonra, aşırı talep piyasa yapıcılar tarafından karşılandıkça, yukarı yönlü güçlü hareket bir Otomatik Reaksiyona (Automatic Reaction (AR)) neden olur. Bir diğer deyişle Kompozit Adam varlıklarını geç gelen alıcılara dağıtmaya başlar. İkinci Test (Secondary Test (ST)) piyasa yeniden BC bölgesine ulaştığında ve genellikle daha düşük bir tepe noktası oluşturduğunda ortaya çıkar. B Fazı Dağıtımın B Fazı düşüş trendinin (Sonuç) öncesinde oluşarak bir birikim bölgesi (Neden) gibi hareket eder. Bu faz boyunca Kompozit Adam kademeli olarak varlıklarını satar ve piyasa talebini absorbe ederek zayıflatır. Genellikle, alım satım aralığının üst ve alt bantları defalarca test edilir ve bu süreç kısa vadeli ayı ve boğa tuzakları içerebilir. Piyasa bazen Alım Zirvesi (BC) tarafından oluşturulan direnç seviyesinin üstüne çıkarak Yükselme (Upthrust (UT)) olarak da adlandırılan bir İkinci Test'e (ST) sebep olabilir. C Fazı Bazı durumlarda piyasa, birikim fazının ardından son bir boğa tuzağı daha sunabilir. Buna Dağıtım Sonrası Yükselme (Upthrust After Distribution)(UTAD)) denir. UTAD temelde, Birikim sürecindeki Spring'in tersidir. D Fazı Dağıtımın D Fazı Birikimdeki D Fazının neredeyse ayna görüntüsü gibidir. Genellikle aralığın ortasında bir Son Arz Noktası (Last Point of Supply (LPSY)) yer alır ve daha düşük bir tepe oluşturur. Bu noktadan destek bölgesinin etrafında ya da altında yeni LPSY'ler oluşur. Piyasa, destek çizgilerinin altına indiğinde belirgin bir Zayıflık Noktası (Sign of Weakness (SOW)) ortaya çıkar. E Fazı Dağıtımın son fazı düşüş trendinin başlangıcını işaret eder. Talebe kıyasla arzın güçlü egemenliği sonucu alım satım aralığının belirgin şekilde kırıldığı görülür.
BINANCE:BTCUSDEducation
by MDkarimovic
BTC still making bullish patterns on the top. what's going on?If you want to understand what the market is doing, the best thing you can do is spot these pattern combinations. Elliott's wave principle is not a theory, it's a principle. that word itself means it explains the behavior of the waves. how they start. it's a big different concept from a hypothesis, which may or not happen, a theory. We get impulsive, corrective, impulsive sequence every time the market moves. slow, and fast movements. At a certain Fibonacci levels and proportions, these pictures get drawn in every time frame. When smaller forms are completed, they start drawing bigger formations. the bigger the formation, the more significant movement is coming. and inside bigger formations, smaller patterns can be found. Size translate into a different time, price and shapes. Wouldn't you like to read the markets? Here's a Language you can learn. It requires no technical indicators, no news/ fundamental analysis .. You only need to see them once, to start seeing them twice. Let me know if you are ready to start. I'll start analyzing different pattern combinations so that you can see them too. ----- Lito ----- The Wave Principle begins with the fact that everything in the universe moves according to the Law of Nature following a mathematical pattern of contraction and expansion. (Fibonacci). This applies to human beings and everything created by them, including the financial market. According to the Wave Principle, markets always move in waves of action and reaction (impulses and corrections) of greater and lesser degree. Different shapes, strength, and time to complete. Recognizing these patterns with Fibonacci and Golden Ratio (Phi | 0.618) can help us understand the market behavior to anticipate the next move. #WavePrinciple #WaveAnalysis #WaveTrader #WaveTheory #Phi #GoldenRatio #Forex #Bitcoin #BTC #Charts #TA #TechnicalAnalysis #Crypto #Cryptocurrency #RalphNelsonElliott #ElliottWaves #ElliottTheory #NeoWave #NelsonElliott #TheWaveAcademy
BITMEX:BXBTEducation
by WavePrinciple-Net
HOW TO COUNT 9WAVES N THIS WEEK'S PRICE MOVEMENT IN H1I was asked how to count 9 waves from Tuesday to Thursday. So I answer it here also this weeks price movement because it's important. I analyze mainly H4 on weekdays, Weekly chart on Saturday or Sunday, and sometimes H1 to see detailed price movements in H4. I think that there were 9 waves from last Tuesday to Thursday. There's some ways to count waves but when you can't count well, Fractal could help you. As counting with Fractals, you can see 9 waves. However, it's really difficult to count that way. But if you find 9 waves, crash would come, this is a big hint to count bearishly and sell for later. After lime9 yesterday, the price couldn't make the new high, where became Pink2, also could be the Right Shoulder of Triple-top. Pink1 could be a neck. Head-Neck : Neck-Target=1:1, so Target would be 1.3713 *Head(1.3809).Neck(1.3761) Also, to the end of yesterday, the price was getting convergent like >, this is the sign of explosion. Because the price was convergent, counting should be detailed like 2_1,2_2,2_3,2_4... Tip: explosion often makes 9 waves. We had those tips at the begining of today. Then, to make Pink3, the price dropped as 2_1, 2_2, 2_3, 2_4, 2_5=Pink3 If lime 9 is the begining of the bearish impulse, we wanna sell at pink4. The bearish waves are not over yet, it is thought. So where could be the pink 4? Fib(Pink2-Pink3)38.2(1.3751) and 61.8(1.3772) look like the best spot to sell. If Pink2(RightShoulder) is broken, this idea would be invalid. PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
Education
by waveslover
Be Realistic ! there are always alternative scenariosit is vital for all traders to control their emotions. getting excited is natural for everyone but if you want to be a successful trader you have to learn how to control your feeling. we trade based on the facts not feelings!. there are always alternative scenarios and a wise trader should be prepared in advance. being aware of alternatives can help you to control your feelings and manage your trade well. one tool to manage the trade is using Multi Unit Trade Strategy which will be discussed in another separate post. Here I want to introduce some alternatives for market path when a trader enters to a trade after an ABC correction . First I should emphasize that I used BIDU chart just as an example and I do not claim that BIDU will follow what has been shown on the chart. Alternatives after a possible ABC corrections are: 1- starting a new impulse wave and making a new major high : traders hope for this scenario and enter into the trade for making noticeable profit but does it always happen? 2- what we consider a wave C is not actually what we considered and it was in fact wave 3 of a descending impulse wave. experienced traders have faced this scenario many times. I showed this possible scenario on the BIDU Chart. 3- Stock may make a flat correction. this alternative has been drawn on the chart and you can see it's internal structure. flat corrections can be very misleading. be cautious !. 4- Dobule or triple Three correction. this scenario may pose huge loses to unexperienced traders when they feel correction is over and they see market is going up but suddenly every thing will change. Also recognizing a new entry point is not so easy in this type of correction. an example of a Double Three Correction has been shown on the chart. Good Luck Friends
NASDAQ:BIDUEducation
by SaeedSajedi
4
HOW-TO use whale jump out of ocean indicator Whale and Banker Fund Tracking Indicator I have been working on developing indicators on how to track the banker funds or whales. In my open-source indicators published, you can search for the keywords "Banker" or "Whale" to find and use these indicators. After three years of development and hard work, I have perfectly combined the banker fund/whale mathematical model and the unique Fibonacci space-time indicators. This is named as "L5 Whales Jump Out of Ocean X" indicator that I will introduce today. First of all, I want to state the three premises for using this indicator. 1. This indicator is not an open-source indicator, it is an Invite-Only indicator based on Tradingview scheme. You need to use TradingView Coin or cryptocurrency to redeem usage permissions for a period. I strongly recommend that more people use the free and open-source indicators I published. This L5 indicator is only for or suitable for TradingView community members who have a strong desire to use it and don't mind the closed-source form of the script. 2. "L5 Whales Jump Out of Ocean X" indicator is only suitable for discretionary trading, and does not support automatic trading system/bots with alerts. Users who are willing should know the scope of use of this indicator in advance, and determine whether it is suitable for your own situation before deciding whether to redeem the permission to use it. 3. You cannot delegate the full responsibility of your trading decisions to this indicator, I hope you will do so knowing that much more trading knowledge, skills and live trading experience than access to this script is needed to become a successful trader. This indicator introduces three independent judgment standards. They are whales & waves, Fibonacci time windows and dynamic Fibonacci retracement arrows. Whales and waves are banker fund/ whale behavior modeling based on my unique moving average technology. Fibonacci time and space indicators are a unique improvement I made to traditional indicators of the same kind to make them more powerful. Application Scenarios This indicator is basically applicable to all markets, but requires traders to choose the most suitable trading pair to operate. This indicator is used for multiple periods. Because the smaller the period, the more unstable the data, the larger the period, the more stable the Fibonacci space-time indicator. I use this indicator for the operation of cryptocurrency, commodities, forex, local stocks and ETFs. When this indicator is combined with the candle patterns of Japanese candlesticks, it will often produce higher quality signals, so I suggest that people who use this indicator should have the basic knowledge of Japanese candlesticks in order to better use this indicator. What are "Long Whales" and "Short Whales "? One of the biggest differences between cryptocurrency and traditional financial markets is that cryptocurrency is based on blockchain technology. Individual investors can discover the direction of the flow of large funds through on-chain transfers. These large funds are often referred to as Whale. Whale can have a significant impact on the price movements of cryptocurrencies, especially Bitcoin . Therefore, how to monitor Whale trends is of great significance both in terms of fundamentals and technical aspects. We often see whales suddenly jump out of the ocean and then set off huge waves. What we need to do is to surf the wave according to the trend after the whale jumps out of the sea. This is really an exciting sport! Therefore, in this indicator. "Long Whales" denotes banker fund is pumping the price, which is presented as fuchsia and red stick bars (Motive waves with fuchsia color; corrective waves with red color). On the ohter hand, "Short Whales " means banker fund is dumping the price, which is described by yellow and red green stick bars (Motive waves with yellow color; corrective waves with green color). Concepts of whales and waves are inroduced to judge the power balance between long and short, respectively. There are two types of whales: long whales (fuchsia-red stick bars) and short whales (yellow-green stick bars). In response to this, there are two types of waves: long waves (fuchsia-red areas) and short waves (yellow-green areas). The color is mainly used to distinguish whether it is a motive wave or a corrective wave (if you have been exposed to Elliott wave theory, this concept will be much clearer). Long whales and waves use fuchsia color represents motive waves (bullish), red represent corrective waves (bearish); short whales and waves use yellow color represent motive waves (bearish), and green color represent corrective waves (bullish). Because the behavior of this model is indeed very close to the phenomenon of whales jumping out of the ocean to stir up waves in nature, it is named. When using, you need to pay attention to the amplitude of long and short waves and the comparison between the two. For example: If the amplitude of the short wave is gradually higher than the long wave until a certain level, there will be a short whale ermerging, that is to say, the short-whale goes out of ocean and stimulates a short wave amplitudes. This is a good time to go short until the yellow stick bar turns into a green stick bar (the motive short wave becomes a corrective short wave). Once the green stick bar appears, it is the time to close the short position. The same goes for long. What are "Long Waves" and "Short Waves"? Waves are generated by whales and they will forcast when whales emerge. In this indicator, fuchsia and red areas (Motive waves with fuchsia color; corrective waves with red color) stand for long Waves; while yellow and red green areas (Motive waves with yellow color; corrective waves with green color) stand for Short Waves. Long whales and short whales are used to track the trading of banker funds. How to judge when the banker funds do not move? The answer is to use wave conditions for observation. When there are no whales, please observe whether the wave is dominated by long waves or short waves. Long motive waves are represented by fuchsia color, long corrective waves are represented by red; short motive waves are represented by yellow, and corrective waves are represented by green. The wave characteristics of this indicator are used to predict whether whales will appear in addition to the normal long-short power comparison. Before the whale goes out of ocean, in nature, the waves on the sea will fluctuate greatly. This phenomenon also appears in this indicator. As long as banker funds start to take action, they will definitely be reflected in the waves. This phenomenon can predict the trend of banker funds. For example: when the long wave gradually surpasses the short wave, and continues to rise and rise, so as to exceed the normal level in the past, this may indicate that the whale is going to jump out to pump or dump. Fibonacci Time Window Background Color Indicator The Fibonacci time window is an indicator that suggests periodic price positions. Its principle is to judge the number of times the current candle appears on the time axis when the retreat time period is a Fibonacci number. If the current candle is in the historical data, multiple times coincide with the price high or low of the cycle that the Fibonacci number will retreat, and the number of times exceeds a certain threshold, the indicator will determine that the current candlestick is in Fibonacci time window. On the Fib time period, it is usually the time point near the long-short reversal. The principle of this indicator is completely dependent on time and historical price highs and lows. It is a technical indicator independent of price trends and volume. Combining it with whale-wave can effectively improve the signal quality. Once resonance occurs, signal reliability will also be improved. The Fibonacci time window is represented by the indicator background color. When the Fibonacci time window indicates that the current candlestick is a potential lowest point in time, the background color is green; when the Fibonacci time window indicates that the current candlestick is a potential highest point in time, the background color is red. Fibonacci Space Retracement Arrow Indicator At present, there are many technical indicators related to Fibonacci retracement in the community. Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They are based on Fibonacci numbers. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. However, in "L5 Whales Jump Out of Ocean X", a smarter way than the traditional Fibonacci retracement is adopted. First of all, my Fibonacci retracement is dynamically configured and adaptive. The Fibonacci retracement position is dynamically represented by up and down arrows with different color intensity (if you are used to using traditional Fibonacci retracement indicators, you may need to adapt to this new model). In other words, you do not need to configure a fixed-length back-off period to find high and low points. It counts the results of Fibonacci retracements of multiple short, medium and long periods (periods are still not fixed values here, but adaptive under an upper limit). If there are many times in this statistical result that the current candlestick falls on the key Fibonacci retracement positions of multiple short-term, mid-term and long-term historical data, a stronger chromatic arrow (brightest) will be displayed. Conversely, if only a few statistics are hit, the arrow with the weaker chromaticity (darkest). These arrows are dynamically deployed on the whale and wave oscillators, and "SUP" indicates the Fib support level, "RES" indicates the Fib resistance level, "*SUP" indicates a preparatory signal, and the support level will appear later, and "*RES" indicates a preparatory signal, the resistance level will appear later. SPECIAL NOTE : Because Tradingview limits the number of labels (Label) used on the server side in order to save resources, not all historical data will have a dynamic Fibonacci retracement arrow sign. Instead, the Fibonacci arrow display is only performed on the finite period of the latest data retreat. Preparatory Signal X Another major feature of this indicator is to provide preliminary signals for support and resistance levels. Please note: Preliminary signals are not signals of support or resistance levels. They are only early reminders that one candle or a few candles will touch the support and resistance of historical data. So don't be nervous, it is best to see the state after the price touches or breaks through the support and resistance levels before making a decision. The preparatory signal is indicated by a cross "×" in the indicator. If the preliminary signal is red "×" and displays "*RES", the market meaning of this preliminary signal is that the subsequent price may touch the historical resistance level; if the preliminary signal is green "×" and displays "*SUP", this market implication of the preliminary signal is that the price may touch the historical support level later. Finally, the preliminary signals will not fluctuate with the value of the indicator, they will only appear on the zero axis. Multi-Timeframe Observation This indicator is suitable for multiple time frames. Generally speaking, multiple time frames of observation are helpful to determine whether the signal is reliable. You can use Tradingview's chart to focus on two time frame levels at the same time, typically the multiplier is 4 to 6 times. For example: if your operation level is 1H, you can also pay attention to the trend changes on the 4H. This helps to make the right decision without being affected by the subtle fluctuations of the current time frame.
BITSTAMP:BTCUSDEducation
by blackcat1402
17