Mariam Throsby

Total Number of Gifts: 0
Total Value of Gifts: $0.00

Analysis and inference through the chart patterns is one of the most complex but successful strategies used by some traders. There are different trading systems that are based on the chart pattern analysis; Elliot Impulsive & Correction Waves Pattern, founded by R.N. Elliott, is perhaps the easiest among all such systems. Let us have an in-depth view of this system.

Phases

It consists of 8 waves, five of them are the impulsive waves (Bullish Phase) and three are the correction waves (Bearish Phase).

1. Impulsive phase

Two of the five waves in the impulsive wave pattern are correction or bearish waves while the rest of the three are bullish waves. Each of the three bullish waves in the impulsive phase is relatively stronger than the previous one i.e. the size of each bullish impulsive wave is longer than the previous wave. However, the two bearish waves in the impulsive phase have almost the same size and these are around 50% or less in length as compared to bullish waves of the impulsive phase. The first phase is known as impulsive because in this phase the price gets higher and higher.

2. Correction phase

The second phase of the Elliott Wave Theory is called the correction phase as it triggers the downtrend in the price. The correction phase consists of three waves; two of them are bearish while one is bullish. The bearish waves in the correction phase need to be of the same size or the second wave should be larger in size as compared to the first one.

Elliott Wave DNA http://www.jennreviews.com/elliott-wave-dna Nikola Delic

The first and the most important thing is to recognize the pattern and it is only possible when the impulsive phase has been completed or is about to complete. Opening a short position at the peak level of the fifth wave in impulsive phase can be a good decision with a target just above the beginning of bearish wave of the correction phase.

All this is obviously not possible just by analyzing the naked chart, therefore the Elliot waves theory should be considered in conjunction with other technical analysis methods such as trendline support & resistance and Fibonacci levels that may give you a good clue about possible beginning or end of various phases & waves in Elliot theory.

There are a few indicators that automatically draw the impulsive & correction waves if Elliott pattern exists, you may consider those as well.

Things to consider

There are certain things that need be considered while trading this pattern. First, look for the Elliott pattern in bigger timeframes such as H4, daily or weekly. Second, never trade the incomplete pattern; wait until you are 100% sure about the formation of pattern. Third, even if you are sure about the pattern, avoid trade unless you find one additional confirmation through trendline support / resistance, Fibonacci levels, horizontal support / resistance levels or candlestick confirmation bars; because there is no hard and fast length of waves given by Elliott wave theory thus trade without an additional confirmation may not be successful.

Guest Book

If you would like, you can add your name and a short message to our Guest Book. Thank you.

Sign the Guest Book

Records 1 - 25 of 1,001+

Claude
Mon, Feb 20, 2017
Consequently, the makers have set up specialist programs in addition to repair facilities. This includes vehicles like the Mazda 2, Ford Fiesta, and Citreon C1. Looking for something to do with your old cars that seem useless for you.
Also visit my blog post :: Dissertation Topics ( %url )

Retha
Mon, Feb 20, 2017
With thanks! This a very good internet site.
My weblog: Curso de Ingles Mp3 ( %url )

Rosalyn Wedge
Sun, Feb 19, 2017
Exactly what I was searching for, thank you for posting.
Feel free to visit my blog; auto accessories ( %url )

Elida Raynor
Sun, Feb 19, 2017
Toy-grade models are not made with any parts that are repairable, replaceable, or interchangeable. Cheap Used Cars Online can be easily found as you just have to do a bit of homework by searching it online. Everyone who has ever owned a car will understand what a huge relief that would be in terms of car maintenance.
Also visit my web page - keramik ( %url )

Dominik
Sun, Feb 19, 2017
Nice content you've gotten right here.
My webpage ... free Subway Surfers hack ( %url )

Christine
Sun, Feb 19, 2017
Great website! It looks extremely professional! Keep up the great work!
Here is my homepage - the information you might need ( %url )

Annette Woodall
Sun, Feb 19, 2017
Thanks, this site is extremely helpful.
Feel free to surf to my homepage ____ ___ ______ ( %url )

Royce
Sun, Feb 19, 2017
Love the website-- extremely user friendly and whole lots to see!
Look at my web page - Autoradio Tipps ( %url )

Kurt Wasson
Sat, Feb 18, 2017
Thanks regarding giving these types of awesome posting.
Here is my blog post ... Manuka honey Manuka honey medical grade Chocolate Pool cue Cancer Cures Technology Hollywood Spare Rooms Insurance Policy Jokes Ferrets Bollywood Pakistani jobs Basketball Online friends Blogs 2 Blogs 1 Cancer cures Blogs Flats for sale local business directory Financial Advice Games ( %url )

Ted
Sat, Feb 18, 2017
Very good web-site you've gotten right here.
My web page - how to get rid of cellulite ( %url )

Shonda Bowens
Sat, Feb 18, 2017
I comment each time I especially enjoy a article on a website or if I have something to contribute to the discussion. Usually it's triggered by the passion displayed in the post I looked at. And after this post MADD. I was moved enough to drop a thought :-) I actually do have a couple of questions for you if it's okay. Could it be only me or do a few of these comments come across as if they are written by brain dead people? :-P And, if you are writing at other sites, I would like to follow anything fresh you have to post. Could you make a list all of all your public sites like your Facebook page, twitter feed, or linkedin profile?
My page ... funeral home deland fl ( %url )

Desiree Moses
Sat, Feb 18, 2017
No es el único: en la compilación esquelas del oriente de asturias hoy ( %url ) ABC asimismo se halla doña Socorro M. de Malpica Gonzalez de Romo de Rojas y Asconegui de Capriles.

Kay McLean
Sat, Feb 18, 2017
Nice post. I learn something new and challenging on blogs I stumbleupon everyday. It will always be interesting to read content from other writers and practice something from their sites.
My weblog Ian Andrews Vivier ( %url )

Margret Delaney
Sat, Feb 18, 2017
Wow, gorgeous portal. Thnx ...
My blog - Printer ID Card ( %url )

Geneva Stapleton
Sat, Feb 18, 2017
Thanks for supplying this sort of good write-up.
Feel free to visit my web blog seo intelligence agency ( %url )

Gordon Edmiston
Sat, Feb 18, 2017
The Super GT has also been seen at The Strip in Las Venturas. And while the MR2 can be a bit difficult with stock tires - grip can break suddenly if you push the car to hard - simply putting upgraded to sport tires makes the car hang on to bends as if velcroed to the track. He is also involved in some of the biggest sponsorship deals in F1.
My web blog; Predictive Analytics Course ( %url )

Douglas Toutcher
Sat, Feb 18, 2017
Wow, lovely portal. Thnx ...
my homepage: successful installation ( %url )

Angelita Quirk
Sat, Feb 18, 2017
Keep up the remarkable work !! Lovin' it!
Check out my web site: Cetak ID Card Malang ( %url )

Adelaide Dias
Sat, Feb 18, 2017
Thanks for the purpose of giving these kinds of wonderful subject material.
Visit my weblog ... vehicle-specific repair ( %url )

Dante
Sat, Feb 18, 2017
Ford Fusion: Ford This car looks bold and practical. The car market down under displays cars that not only differ in their feature but also the price range. The federal government provides you a proportionate deduction from your taxes equivalent to the complete valued from your car donation.
Feel free to surf to my blog; best baby strollers ( %url )

Chau
Fri, Feb 17, 2017
Even new tyres do not completely eliminate the risk of aquaplaning or slush planing, but it is possible to control the car as long as you adjust the driving speed to the conditions. Cheap Used Cars Online can be easily found as you just have to do a bit of homework by searching it online. Phoenix (muscle car) is a car you use in a race mission (San Fierro Hills).
Also visit my webpage: band_rma psikoteknik ( %url )

Kraig
Fri, Feb 17, 2017
Just simply needed to tell you Now i'm pleased I happened on the internet page.
my page :: mobile games no download ( %url )

Mac Forth
Fri, Feb 17, 2017
Afirman que prometió en campaña castigo a los culpables por la muerte de 49 pequeños y setenta y seis heridos tras el incendio en la Guardería Esquelas Abc Debod ( %url ); temen ser desalojados.

Breanna
Fri, Feb 17, 2017
Road cars, along with vintage race cars, make the field not seem so limited. The car market down under displays cars that not only differ in their feature but also the price range. First, in case you were wondering, I did not include the R-Class cars because they do not appear to be very interesting.
Feel free to surf to my page silicone baking mat ( %url )

Francisco
Fri, Feb 17, 2017
Over the next few years, with fuel prices expected to steadily increase even more, the sale of small cars is set to rocket. This includes vehicles like the Mazda 2, Ford Fiesta, and Citreon C1. Everyone who has ever owned a car will understand what a huge relief that would be in terms of car maintenance.
Here is my website ... clip ins ( %url )

Records 1 - 25 of 1,001+


If you think this page contains objectionable content, please inform the system administrator