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wmasehlele

A possible up move from the termination of higher degree wave (C).

wmasehlele

The proportionality of waves helps us identify and confirm wave patterns accurately in market analysis.

wmasehlele

The Elliott Wave Principle suggests a guideline of alternation between corrective waves, particularly between wave 2 and wave 4 of an impulsive wave sequence. This principle helps us identify the nature and behavior of these waves to better understand market structure. These alternations may occur in many forms, for example: Nature of corrections (sharp or...

wmasehlele

A ZigZag formation is still in anticipation, not yet completed.

wmasehlele

Elliott Waves must be proportional in both price and time. This means that the wave patterns within the Elliott Wave Theory—whether they are impulse waves or corrective waves—should maintain a degree of proportionality to align with the theory’s principles. For example: Price Proportionality: The lengths of waves often adhere to Fibonacci ratios (e.g., wave 3...

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There might be two scenarios to play out here. The termination of the current lower degree ABC formation will determine if wave 4 is still in play or if wave 4 has long completed in the blue range (at the end of a higher degree wave A as shown in the char). If wave four has long completed then the current formation would reverse at less than 100% of the previous...

wmasehlele

Pushing away from a higher degree wave B termination. Expecting stronger move to the downside in a form of a zig zag to complete wave C of the higher degree. Expecting price to push up in the short term, completing five wave move of wave A of the expected zig zag formation to the downside.

wmasehlele

A zigzag correction completed with a WXY formation. Expecting some possibility of a leading diagonal structure forming wave one of the next impulse move.

wmasehlele

The potential triangle I anticipated in the previous week seem to have been invalidated, which is why it is important for projection to be confirmed by the market before we jump on with our money. Elliott Wave approach provides a very well defined entries into trades based on the confirmed levels and patterns by the market. So, how do I proceed from the...

wmasehlele

When I see such behaviors unfold at completion of level 5, I regard the set-up as more probable. Price divergence at completion of wave 5 may be eminent to trend reversal, coupled with wave 5 projections based on the Elliott Waves guidelines together with fib projections present a probable trade with a good risk reward ratio.

wmasehlele

A potential triangle to complete a higher degree wave two before we go bullish.

wmasehlele

A promising bullish bias from the fourth wave correction.

wmasehlele

Lets unpack the pair that was a bit difficult to trade in the previous week and turned out to be a rewarding trade. I attempted to go short two times on this pair even though I acknowledged the possibility of a long move. Following your trading plan rules will not give you all the lucrative trades in the market. When the rules are not met at a satisfactory...

wmasehlele

The long entry order has been triggered and stop order is in place. I have projected a retracement as wave 2 which should not go beyond the start of wave 1. Going beyond the start of wave 1 will invalidate the projection and the position must be closed.

wmasehlele

A correction that is nearly completed wave C. Expecting a move to the upside. A potential for long after a move beyond the long confirmation level.

wmasehlele

What I've been waiting for seem to be unfolding very well.

wmasehlele

Educational - long term UJ perspective. Decrypting the long complex correction with Elliott Waves.

wmasehlele

Wave five is not guaranteed to reached our projected level. Protecting as much profit as possible.