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Hello Traders. Welcome to Chapter 3.6, THE FINAL SUB CHAPTER! You made it this far, congratulations, you have learned a lot of the basic and complex patterns. We are going to finish this sub-chapter with the final complex correction pattern called the "Triple Three" pattern, which is VERY similar to the double three! Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2...

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Hello Traders. Welcome to Chapter 3.5, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...

XForceGlobal Wizard Updated 

Hello Traders. Welcome to Chapter 3.4, where we talk further about two more different types of triangles - the Barrier and Expanded triangle. In the previous chapter we talked about the running flat and contracting triangle, but for these two, they are essentially the same but different overall shape! Most importantly, these are very common patterns within the...

XForceGlobal Wizard Updated 

Hello Traders. Welcome to Chapter 3.3, where we talk further about a different form of corrective waves, the Flat and Expanded correction. In chapter 3.3 I discuss the last of the types of flat corrections! Here, we will also dissect the contracting triangle, also known as the symmetrical triangle by many traders. Chapter 3 Glossary: 3.1 Zig-Zag Waves 3.2 Flat...

XForceGlobal Wizard Updated 

Hello Traders. Welcome to Chapter 3.2, where we talk about another form of corrective waves, the Flat and Expanded correction. In chapter 3.2, we will be discussing Zig-Zag waves. This is where most people will get "chopped" up in the market, as these corrections can often cause a lot of small panics within these corrective waves. These corrections more often than...

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Please come and join me to get a full overview of the cryptocurrency market!

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XForceGlobal Wizard

Please come and join me to get a full overview of the cryptocurrency market!

XForceGlobal Wizard Updated 

Hello Traders. Welcome to Chapter 3, where we talk about corrective waves. In chapter 3.1, we will be discussing Zig-Zag waves. The zig zag wave is one of the common of patterns in corrective Elliot Waves. Many of us see this on a daily basis, but did you know that there was a meaning behind all of the fluctuations in the price action? Chapter 3 Glossary: 3.1...

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Hello Traders. Here we will examine extensions as a final conclusion for chapter 2. Chapter 2 - Motive Waves: 2.1 Impulse, Leading Diagonal 2.2 Ending Diagonal , Truncation 2.3 Extension, Fifth Wave Extensions ------ What are extensions? Most impulses contain a degrees called "extensions" An extension is an extended wave with amplified subdivisions within...

XForceGlobal Wizard Updated 

Hello Traders. Here we will examine the next pattern for diagonal patterns. Chapter 2 - Motive Waves: 2.1 Impulse, Leading Diagonal 2.2 Ending Diagonal , Truncation 2.3 Extension, Fifth Wave Extensions ------ In conventional technical analysis, they call it “wedge”. In Elliott Wave analysis we call it “ending diagonal”. Both terms imply the same thing –...

XForceGlobal Wizard Updated 

Hello Traders. I hope you enjoyed chapter 1 and studied hard. If you are having a hard time understanding chapter 2, please go back to chapter 1 and study that chapter first. Chapter 2 - Motive Waves: 2.1 Impulse, Leading Diagonal 2.2 Ending Diagonal, Truncation 2.4 Extension, Fifth Wave Extensions ------ 2.1 Impulse, Leading Diagonal: Impulse Wave As...

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Hello Traders. I would like to introduce a new series of articles pertaining to the Elliot Wave theory. We are seeing higher interest in Elliot Wave theories these days but many traders and investors have a hard time grasping the foundation of Elliot Waves. I would like to finally start implementing my overall view of the basics on Elliot Waves so that investors...

XForceGlobal Wizard

Hello Traders. Here, I would like to show the most commonly used and highly profitable patterns for new traders (and advanced!). There are two categories of patterns in terms of price action: Continuation patterns Continuation patterns are usually indications for traders to look for a signal that the price trend is likely to remain in play from a market...

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Hello Traders. This is a continuation of how to use the long/short positioning tool from our previous post. In my previous post, I talked more specifically about how we can calculate the Risk Reward Ratio ( RRR ), but here, in a visualized format, I have broken it down as best as I can so that you as the trader can understand each and every part of the tool. This...

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Hello traders. Here I present to you an important lesson of how we should all be allocating our funds. In the pyramid above, you can see the distribution of risky assets to low risk assets. Low risks are associated with low expected returns while high risks are associated with high expected returns. Investors who are not willing to take high risks have to be...

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Hello traders. So you are thinking of day trading as a career? Let's start off with the bad news: it's difficult. Good news? It's doable - if approached with the right mindset. This is a part of my risk management series that I believe many traders can benefit - new or advanced. Day trading involves buying an asset and reselling it for a profit the same day - or...

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Hello traders. Here I would like to give my take on whether if we are in a euphoric bullish pattern: the parabolic curve. Parabolic Arc chart patterns are generated when a steep rise in prices are caused by irrational buying and intense speculation. For Bitcoin, the speculation is not based purely on the fundamentals, but more based on the fractals of what we have...

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Hello Traders. Here I would like to revisit the "big" drop we encountered after we witnessed near ATH levels. Now that we have some more data to play with, what kind of information can we pull from these levels? We have to understand this from two perspectives: 1. Market Psychology Analysis 2. Technical Analysis (Realistic) Market Psychology: We are now...