Chart BITCOIN trading sell signal, H1 timeframe, 2014.10.15 12:37 UTC, SafeCap Investments broker, MetaTrader 4, Waves Data wave1 5101.0 pips Wave2 3343.6 pips 65.5 % from Wave 1 Wave3 8199.6 pips 160.7% from Wave1 Wave4: 4336.8 pips 52.9% from Wave3 Wave5 6436.8 pips 78...
Elliott Wave Theory was developed by R.N. Elliott and popularized by Robert Prechter. This theory asserts that crowd behavior ebbs and flows in clear trends. Based on this ebb and flow, Elliott identified a certain structure to price movements in the financial markets...
Poker is a game of skill and using the ability to read situations and opponents to give you the advantage in each hand you play. It is also a game of mathematics, where you should be able to calculate the odds of either you or your opponent winning the hand in any situation...
One of the first references to a Three Drives pattern was outlined in Robert Prechter's book, "Elliot Wave Principle." He described the general nature of price action that possessed either a three-wave or a five-wave structure...
We'll most likely still be making a visiting to bitcoin price $350 if #BTCUSD fails to make new highs from here to invalidate the bitcoin elliott wave...
EURUSD is slightly down from this morning, but still only with three legs down from the highs. However, ideally current decline will unfold in five waves that would then confirm end of wave 4 at latest swing high. In that case we would look straight down to 1.2857 and much lower after a break...
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Cycles are a unique kind of trading analytics, being one of the few types of market data that can be accurately measured. But understanding what the cycles mean and which trades to make based on them is an extremely complex process...
Used to forecast market trends by identifying extremes in investor psychology, highs and lows in prices and other collective cyclical bitcoin price prediction factors...
EUR/USD Monthly “Long term, a failed breakout and top would keep with the pattern of 3 year cycle tops. The break of 1.3476 completed a topping process with targets of 1.3294 (origin of diagonal), 1.3209 (2 equal legs), and 1.3012 (head and shoulders target...
GBP/JPY Technical Strategy: Flat Support: 172.39-64, 171.79, 170.64 Resistance: 173.33, 174.01, 174.87 The British Pound pulled back after rebounding as expected against the Japanese Yen, testing the upswing’s guiding trend line. A daily close belowthe 172...
Triangles A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E...
Expanded Flats In expanded flats, wave B of the 3-3-5 pattern terminates beyond the starting level of wave A, and wave C ends more substantially beyond the ending level of wave A, as shown for bull markets in Figures 1-33 and 1-34 and bear markets in Figures 1-35 and 1-36...
“The miserable trading conditions in USDJPY are probably explained by its long term Elliott wave position. That is, the rate has been mired in a corrective 4th wave all year. The good news is that wave 4 probably ends soon. Keep focused on the Elliott channel...
One of the basic foundation of technical analysis is that prices move in trends. The corollary to this premise states a trend in motion is more likely to continue until it reverses. So as long as the trend is intact, trendlines could be used as a buying and selling areas...
Flats (3-3-5) A flat correction differs from a zigzag in that the subwave sequence is 3-3-5, as shown in Figures 1-29 and 1-30...
The miserable trading conditions in USDJPY are probably explained by its long term Elliott wave position. That is, the rate has been mired in a corrective 4th wave all year. The good news is that wave 4 probably ends soon. Keep focused on the Elliott channel...
After flirting with the line that extends off of the 2011 and 2012 lows for 3 weeks, the US Dollar found legs and trades just shy of the 50% retracement of the year’s range and 200 SMA...
