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Waves

Elliott Wave DegreesRalph Nelson Elliott acknowledged 9 degrees of waves from the Grand Super Cycle degree which is found in weekly and monthly time frame to the Sub-minute degree which is found in the hourly time frame. He labelled them as below mentioned. 1 Grand Super Cycle 2 Super Cycle 3 Cycle 4 Primary 5 Intermediate 6 Minor 7 Minute 8 Minuette 9 Sub-Minuette It is a good understanding to start applying a wave count to a market from higher degree to all the way lower degree which you want to trade. you need to first learn about the labeling of wave degrees. Elliott Wave is a very helpful to understand the charts of any assets. the waves from the main degree are subdivided into intermediate waves which also subdivided into minor waves and the minor waves are also subdivided into minutes waves and then to sub-minutte waves, each degree of waves consists of one full cycle of motive and corrective waves. each degree of trend is labelled with a different style of label for a better understanding. If you want to trade in 4H so then you will look for and count the monthly, weekly and the daily charts is will. Hope you understand the concept of wave degrees.
Education
by TheLoserMan
[09/24] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Bitcoin is still moving up and down and not showing direction. So when I counted the Elliott waves on the 15-minute bar, there was an intuitive wave First of all, from the high 22.8k taken during the CPI announcement to the low point renewed after the FOMC announcement, it seems to be too five waves. It was counted neatly to the Cebu wave. And it's an important current segment, and I thought that if bitcoin doesn't show directions easily and keeps moving up and down, maybe it's showing convergence. It's actually showing a movement that's pretty close to convergence. Elliot's wave shows that the last wave of convergence, the E wave, is coming down, and if you leave the bottom line of convergence, you can start a new downward wave and fall pretty strongly. Bitcoin is nearing the end of convergence, so you should be careful of excessive entry and continuing to water. *Elliot wave theory suggests that the E wave, the last wave of convergence, may come out short, so it would be good to shorten the sale or wait and see until it leaves convergence.
Short
by BeastTrading_Sehyun
3
NIFTY 50, WAVES- REUPDATED!!in my previuos analysis of nifty50 waves(i will mention the link), i had drawn the waves which existed with the 2 major black line(drawn out in chart), i had thought nifty 50 will complete its 5 wave bull run impulsve movement, in that trend itself. but due to the affect of US markets, nifty is fluctuating(same acts for NIFTYIT too), so it will now hold that support(drawn in black line), which is drawn from the markets getting consolidating, after the 2020's bull run. and end up in same trend line which was going previously. today(23rd sept), when the markets opened which gave a breakdown to my analysis, i had drawn out the purple line, and today the same days when markets got closed, supporting my line, i am confirmed now with my waves. therefore this analysis even says that US markets will also recover very soon, and will give its bull run.
NSE:NIFTYLong
by raghavchoudhary2016
2
More upside for Treasury Yields The treasury yields have been in a decline for many decades, on the other side we have a very unique situation in the equity market. We have over evaluations in many markets, especially in the tech sector that was fueled by the billions of dollars pumped into our economy during he pandemic. The interest rates were heavily suppressed and this country experienced the lowest multi-decade interest rate environment in history. Like a charged spring it was ready to burst; we can see the bottom being reached in August of 2020 as everyone rushed to buy, refinance, take loans, buy cars and borrow more debt with the assistance of the stimulus payments. Of course this caused inflation to go through the roof. Looking at the chart from an Elliot Wave perspective, keeping it simple and clean to understand, we can see an incomplete sequence with a beautiful extended 3rd wave, that is currently in progress of finishing wave "v" of the "(3)". I then expect a sizable 3 waves or triangle pullback down for wave "(4)". After the wave (4) pullback the sequence will still look incomplete and I will expect another wave (5) to the upside and into 2023. This will surely way heavily on mortgage lenders, those looking to buy a home, auto, or take out any new debt. Suddenly a 5% rate on US05Y becomes realistic. I expect other US treasury bonds like the 2, 10, 20, 30 year to rise and have similar wave structure as well.
TVC:US05YLong
by Elliot618
[09/23] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis Bitcoin fell to 18.1k after the FOMC announcement, but it quickly recovered and created an upward trend. Since then, it has continued to rise until the opening of the NASDAQ, and there has been a decline like an adjustment near the opening time of the NASDAQ When analyzing the sections before and after the opening of NASDAQ, the former was close to the impulse wave, and the latter was close to the abc adjustment wave. Since the starting point is the impulse, it seems that there is one more wave increase left for now, which was carried out by the impulse that was carried out by ABC on a large scale. The shape of the last wave is predicted to be an impulse or an ending diagonal, and the current shape seems a little more likely to be an ending diagonal (Blue line is bullish impulse, Purple line is ending diagonal) After that, there is a high probability of a short-term decline or a strong trend decline. I think the current position is quite difficult to predict the direction of the bitcoin. Because there are so many directions and perspectives, you should respond well when your analysis is wrong. Put a stop limit on the point where you think your point of view is wrong, and respond slowly by watching the Bitcoin movement!
by BeastTrading_Sehyun
3
Fed decisions boost the USD trendThe Fed raised its funds rate by 75 basis point to a target range of 3.00% - 3.25%, its highest since 2008. DXY remains bullish, even technically, supported by a rising trendline, 20 and 50 SMA on D1. Even if the RSI starts showing overbought signal with bearish divergence, and Bollinger bands upper limit reached, it isn't in this case a sell signal: strong momentum brings traders into this trap. Wait for RSI to cross below the 14 SMA as described on the chart to start looking for a correction. Measuring the corrections shows us strength recently in the momentum ( smaller corrective waves ). Measuring the impulsive wave shows us that the uptrend hasn't reached yet it's logical goal. With the good news on the USD, the index can reach the 114 level. Goodluck, Joe.
TVC:DXYLong
by joe-abdallah
[09/22] Beast Trading _ Today's Bitcoin Analysis Beast Trading _ Today's Bitcoin Analysis About eight hours ago, there was a FOMC announcement. The interest rate hike was 75bp (GiantStep), which came as expected. The general announcement is that the labor market is fine, but prices need to be watched a little more, adding that the goal is to raise 125bp by the end of the year. At the time of the announcement, NASDAQ and Bitcoin moved very sharply, and after the announcement, they eventually started to fall, and NASDAQ led them to leave the bottom, and then Bitcoin left the bottom. Analyzing with Elliott waves, there could be a big drop. Assuming that the impulse drop wave started from 22.8k, the abc wave appeared in the 2 and 3-2 shown in the middle, and there is a possibility that it will fall to 3-3 par starting with the FOMC announcement yesterday. It's just one of the perspectives, but in this case, I think we should be a little careful in the long position because there is a possibility that it will not only leave the low point of 17.6k, but also go below that due to the panic cell. If you leave the most important line 17.6k, you don't know how far you'll fall because there's no big line or support line at the bottom. Always check 17.6k, and the market is very difficult because the beat is currently located in an ambiguous position. If the position you thought of doesn't come, I recommend you not to enter the position.
Short
by BeastTrading_Sehyun
3
NIFTY 50, WAVES(THIS MONTH)!!although nifty 50 has crossed 18000 previously in its 3rd wave, it will reach its new all time high in 5th wave. nifty 50 is following the waves very greatly. i had previously drawn waves for bull run and updated you till 3rd wave. now here's an update for the 5th one. i have explained each and every trend line , bull run in my previous nifty 50 analysis, and i will link it below, you will understand my analysis more understandingly, after reading the description of those analysis. nifty is already in a bull run, this bull run is carried in 5 waves, and now we are in the last wave of it. let see what happens after that...
NSE:NIFTYLong
by raghavchoudhary2016