WavePrinciple-Net

WavePrinciple-Net

Easy setup for a quick trade, it's an ending diagonal + abc below the structure. You get the Fibonacci retracement tool there and go for 618 retracement as entrance, and -0.272 | -0.618 profit levels. Just try this in the past and see it for yourself: how many times does this combination of behavior has happened before? Hello, I'm Lito. I've been studying the...

WavePrinciple-Net

As I've been studying the wave principle, I have found that price movement shows us the market behavior. ...what is this? people call it elliott theory, but it's a principle. that word means description of the behavior, but to be more precise: human behavior. Our emotions into charts, movements in dynamics ups and downs, in an oscillator=diagonalish increasing...

WavePrinciple-Net

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,...

WavePrinciple-Net

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,...

WavePrinciple-Net

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,...

WavePrinciple-Net Updated 

After doing an ending diagonal, it broke upside and started to consolidate there. Typical scenario for another leg up. Watch out for the next impulse. --- if you speak spanish message me to learn about Wave Principle.

WavePrinciple-Net

I've been following BTC for a while, and this is how I've seen it, hopefully it takes the way up for the rest of the year; It could be doing a triple combo or something correction, WXYXZ to test the lows. Or it could be going upward. What will happen when it goes around 618? it could cross wave 1's end, which invalidates 12345. Let's see what happens.

WavePrinciple-Net

CADJPY possible movement, the chart speaks for itself. If you want to know more about Wave Analysis, private message me. I have an academy you could like a lot. And it's cheap!

WavePrinciple-Net

There is no divergence yet, between RSI MACD and Price movement. So there could be one more drop. After that, it reaches the strong fib retracement level where we can expect a turn around making a new impulse just like the initial one, from that level up to the -0.27 fib. It matches, let's see how it goes.

WavePrinciple-Net

As you can see the graphic, we can check divergence between the last 2 bottoms and RSI/MACD both indicators. Also, it appears to be forming a possible ending diagonal. Also it's right on the 786 fib level, that's a strong retracement level. And also, getting close to that trendline below. Let's see how it goes.

WavePrinciple-Net

Take a look at the chart, it's closing to 618, shaping a wedge and already bouncing 4 times. It may drop once more and rebounce up to the next fibo levels. This is a correction from the big impulse it had before. RSI, MACD confirms divergence from the last 2 bottoms. Let's see what it does.

WavePrinciple-Net

It's possibly going to rebounce in the mayor trend, RSI shows divergence, and the patten of the channel is involved. ADX is close to cross, there's more chance to change direction. It has touched multiple times that upward trendline. There's a high change it rebounces up making a similar pattern.

WavePrinciple-Net

at 4H, it's getting closer to that uptrend line and the strong fibo retracement level of 0.786 There's a chance it rebounces between those fibo levels, if you see that MACD and RSI and confirming the divergence. There's also apparently an Ending Diagonal forming confirming a possible reversal. If wave analysis is correct, there's a chance of this movement to...

WavePrinciple-Net

After doing a big impulse down, it's making a correction wave B after touching 0.618. That may lead to make it bounce at the next step, 0.786 at wave C. MACD and RSI are dropping, forming a divergence with price movement. Alligator are about to cross. -- I'm learning Wave Analysis @ Trading Academy. Let's see how well their teachings are.

WavePrinciple-Net

It broke uptrend pattern, and it's consolidating after RSI touched 30 lvl (Indicates a consolidation or reversal trend) EMA 12 and 26 crossed, indicates change in trend. It may correct to the next step in fibo, and then go down.

WavePrinciple-Net

After a big impulse it's making a big correction. AB is done. Now it looks like it's making the C, there's a decline in MACD. After touching top RSI, and trendline. It broke last sub uptrend with strong bear force. Now it's consolidating without touching low RSI. Alligator, if you look closely. Red is over Green. They just crossed.

WavePrinciple-Net

Check the retracement level, expect a brake in that zone, consolidate and rebounce. Check if MACD confirms with higher lows showing a divergence. RSI is already touching twice >30, that confirms a consolidation or reversal

WavePrinciple-Net

There's nothing much to say, I'm just testing new stuff.