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Strategy Elliott wave analysis

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abuadam1791

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Predict Market Direction.
Identify turning points.
Provide Guidance for Entering and Exiting Positions.
In the pictures below the description of the complete market cycle.
  • Elliott Wave the complete market cycle

    MOTIVE WAVES
    Key Characteristics
    . Five-wave structures, numbered 1-5
    . In the direction of the main trend of one larger degree
    . Wave 2 cannot retrace more than 100% of wave 1
    . Wave 3 can never be the shortest and is often the
    longest
    Elliott Wave Cycle: Impulse wave

  • Elliott Wave Cycle: Impulse wave
    EXTENSIONS

    Key Characteristics

    . Elongated impulse wave

    . Appears in either wave 1, 3 or 5

    . Often seen in wave 3 for the stock market

    . Often seen in wave 5 in commodities


    MOTIVE WAVES
    Five-Wave Structures
    . Impulse
    1. Extensions
    2. Truncations
    . Diagonal Triangles
    IMPULSE WAVES
    Key Characteristics
    . Wave 4 never enters the price territory of wave 1.
    . Actionary waves 1, 3 and 5 are motive waves.
    . Wave 3 is always an impulse wave.
    Elliott Wave Cycle: Extension

    Elliott Wave Cycle: Extension


    TRUNCATIONS
    Key Characteristics
    . Wave 5 does not exceed the end of wave 3
    . Contains necessary five subwaves
    . Often occurs after a strong third wave
    Elliott Wave Cycle: Truncation
  • Elliott Wave Cycle: Truncation
    DIAGONAL TRIANGLES

    Key Characteristics

    . Wave 4 almost always moves into the price

    territory of wave 1

    Waves 1, 3 and 5 are composed of three
    subwaves, not five
    . Found at termination points of larger pattern,
    indicating exhaustion of larger pattern
    . Normally has wedge shape within two
    converging lines
    Elliott Wave Cycle:Diagonal TriaglesElliott Wave Cycle:Diagonal Triagles


    Elliott Analisys is:
    The Wave Principle = Graphic of Mass Psychology
    Motive Waves = 5 Wave Structures, Main Trend of One Larger Degree
    Types of Motive Waves = Impulse, Diagonal Triangle
    Impulse:Waves 1, 3, 5 = 5 Impulse Subwaves
    (Extensions, Truncations)
    Wave 4 ≠ Price Territory of Wave 1
    Diagonal Triangle: Waves 1, 3, 5 = 3 Subwaves
    Wave 4 = Price Territory of Wave 1
    Signal = Imminent Major Trend Reversal
 
Predict Market Direction.
Identify turning points.
Provide Guidance for Entering and Exiting Positions.
In the pictures below the description of the complete market cycle.
  • Elliott Wave the complete market cycle

    MOTIVE WAVES
    Key Characteristics
    . Five-wave structures, numbered 1-5
    . In the direction of the main trend of one larger degree
    . Wave 2 cannot retrace more than 100% of wave 1
    . Wave 3 can never be the shortest and is often the
    longest
    Elliott Wave Cycle: Impulse wave

  • Elliott Wave Cycle: Impulse wave
    EXTENSIONS

    Key Characteristics

    . Elongated impulse wave

    . Appears in either wave 1, 3 or 5

    . Often seen in wave 3 for the stock market

    . Often seen in wave 5 in commodities


    MOTIVE WAVES
    Five-Wave Structures
    . Impulse
    1. Extensions
    2. Truncations
    . Diagonal Triangles
    IMPULSE WAVES
    Key Characteristics
    . Wave 4 never enters the price territory of wave 1.
    . Actionary waves 1, 3 and 5 are motive waves.
    . Wave 3 is always an impulse wave.
    Elliott Wave Cycle: Extension

    Elliott Wave Cycle: Extension


    TRUNCATIONS
    Key Characteristics
    . Wave 5 does not exceed the end of wave 3
    . Contains necessary five subwaves
    . Often occurs after a strong third wave
    Elliott Wave Cycle: Truncation
  • Elliott Wave Cycle: Truncation
    DIAGONAL TRIANGLES

    Key Characteristics

    . Wave 4 almost always moves into the price

    territory of wave 1

    Waves 1, 3 and 5 are composed of three
    subwaves, not five
    . Found at termination points of larger pattern,
    indicating exhaustion of larger pattern
    . Normally has wedge shape within two
    converging lines
    Elliott Wave Cycle:Diagonal TriaglesElliott Wave Cycle:Diagonal Triagles


    Elliott Analisys is:
    The Wave Principle = Graphic of Mass Psychology
    Motive Waves = 5 Wave Structures, Main Trend of One Larger Degree
    Types of Motive Waves = Impulse, Diagonal Triangle
    Impulse:Waves 1, 3, 5 = 5 Impulse Subwaves
    (Extensions, Truncations)
    Wave 4 ≠ Price Territory of Wave 1
    Diagonal Triangle: Waves 1, 3, 5 = 3 Subwaves
    Wave 4 = Price Territory of Wave 1
    Signal = Imminent Major Trend Reversal
I believe trading wave 3 pull backs is the way to go for newbiesOk handclapping hands
 

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