👨🏾💻Diagonals
It's the weekend guys.
Time for another educational post.
I have been sharing with you the basic principles of Elliott Wave.
The market has ONLY 2 stages. Impulse and Correction. However, sometimes the market creates a pattern that is not a correction because it moves in the direction of the trend but it's not an impulsive wave.
💭 To properly accommodate this pattern, we say the market as 2 stages or (waves). A Motive wave and a Correction wave.
Motive Waves:
Only 2 types of Motive Waves
🔸️Impulse (common)
🔸️Diagonals (rare)
Today we look at Diagonals.
They follow all the rules of an impulse wave EXCEPT 1:
Wave 4 can enter the territory of wave 1.
Here's a refresher of the impulse rules
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It's the weekend guys.
Time for another educational post.
I have been sharing with you the basic principles of Elliott Wave.
The market has ONLY 2 stages. Impulse and Correction. However, sometimes the market creates a pattern that is not a correction because it moves in the direction of the trend but it's not an impulsive wave.
💭 To properly accommodate this pattern, we say the market as 2 stages or (waves). A Motive wave and a Correction wave.
Motive Waves:
Only 2 types of Motive Waves
🔸️Impulse (common)
🔸️Diagonals (rare)
Today we look at Diagonals.
They follow all the rules of an impulse wave EXCEPT 1:
Wave 4 can enter the territory of wave 1.
Here's a refresher of the impulse rules
Click me
Hit 👍 to show your support. Share the post. Help me grow the channel to 1K
https://www.tradingview.com/x/ydVL26UM
Example of Diagonals.
There are two (2) types of Diagonals,
🔸️Leading diagonals
🔸️Ending diagonals
Leading diagonals are located only in Wave 1 or Wave A.
Ending diagonals are located only in Wave 5 or Wave C.
Both have the same structure, it's the placements that tells differentiate them.
Example of Diagonals.
There are two (2) types of Diagonals,
🔸️Leading diagonals
🔸️Ending diagonals
Leading diagonals are located only in Wave 1 or Wave A.
Ending diagonals are located only in Wave 5 or Wave C.
Both have the same structure, it's the placements that tells differentiate them.
https://www.tradingview.com/x/cJXXq2Qx/
Hey traders I'd like to share with you the importance of having a trading plan and the discipline to follow it.
Here I had a trade setup for GbpJpy on Friday. Entry was setup up with wave a and wave b completed, looking to trade wave c.
Hey traders I'd like to share with you the importance of having a trading plan and the discipline to follow it.
Here I had a trade setup for GbpJpy on Friday. Entry was setup up with wave a and wave b completed, looking to trade wave c.
This is the alternate view, based on the market consolidation.
Forwarded from Wave FX || Exclusive Trading Room (Mentor Samore)
https://www.tradingview.com/x/kjdbEWe7/
GbpJpy Alternate Scenario.
This is why I love pending orders.
If you view the previous anaysis here. I had a bullish forecast with Wave A and B completed looking for wave C.
In this scenario you are seeing a completed wave ABC and 1st impulse down. Price movement over the past hour was pure consolidation, which makes me more inclined with this scenario.
GbpJpy Alternate Scenario.
This is why I love pending orders.
If you view the previous anaysis here. I had a bullish forecast with Wave A and B completed looking for wave C.
In this scenario you are seeing a completed wave ABC and 1st impulse down. Price movement over the past hour was pure consolidation, which makes me more inclined with this scenario.
https://www.tradingview.com/chart/GBPJPY/hyGFWzI5-Elliot-Wave-Analysis-by-Wave-FX-GbpJpy-Short-Target-147-00/
Market progressing nicely
Market progressing nicely
TradingView
Elliot Wave Analysis by Wave FX (GbpJpy) Short: Target 147.00 for FX:GBPJPY by wavefxacademy
Hi Traders, here is my analysis on GbpJpy .
My method is based purely on Elliot Wave Principles and Price Action.
I have identified Projected target areas and and Invalidation point.
INVALIDATION (This means my analysis is incorrect and I need to revisit…
My method is based purely on Elliot Wave Principles and Price Action.
I have identified Projected target areas and and Invalidation point.
INVALIDATION (This means my analysis is incorrect and I need to revisit…
https://www.tradingview.com/chart/GBPUSD/39OXsghy-Elliot-Wave-Analysis-by-Wave-FX-GbpUsd-Short-Target-1-34/
Market currently approaching confirmation levels
Market currently approaching confirmation levels
TradingView
Elliot Wave Analysis by Wave FX (GbpUsd) Short: Target 1.34 for FX:GBPUSD by wavefxacademy
Hi Traders, here is my analysis on GbpUsd.
My method is based purely on Elliot Wave Principles and Price Action.
I have identified Projected target areas and and Invalidation point.
INVALIDATION (This means my analysis is incorrect and I need to revisit…
My method is based purely on Elliot Wave Principles and Price Action.
I have identified Projected target areas and and Invalidation point.
INVALIDATION (This means my analysis is incorrect and I need to revisit…
https://www.tradingview.com/chart/XAUUSD/ThtLnFMx-Elliot-Wave-Analysis-by-Wave-FX-GOLD-LONG-Target-1780/
Gold Analysis on Trading View. I will post update here as the market develops
Gold Analysis on Trading View. I will post update here as the market develops
TradingView
Elliot Wave Analysis by Wave FX (GOLD) LONG: Target 1780 for FOREXCOM:XAUUSD by wavefxacademy
Hi Traders, here is my analysis on XauUsd. (GOLD)
My method is based purely on Elliot Wave Principles and Price Action.
I have identified Projected target areas and and Invalidation point.
INVALIDATION (This means my analysis is incorrect and I need to…
My method is based purely on Elliot Wave Principles and Price Action.
I have identified Projected target areas and and Invalidation point.
INVALIDATION (This means my analysis is incorrect and I need to…
https://www.tradingview.com/x/DpVXTRa6/
GbpJpy Trade Update. VEry Interesting development for the Pound Yen. Let’s see how it will unfold.
GbpJpy Trade Update. VEry Interesting development for the Pound Yen. Let’s see how it will unfold.
https://www.tradingview.com/x/dsZbbbf5
Understanding the market is very simple.
Remember it only has 2 stages
Impulse 📈 - Correction 📉
After an impulsive expect a correction, after a correction expect an impulse.
Current view of USDJPY
Understanding the market is very simple.
Remember it only has 2 stages
Impulse 📈 - Correction 📉
After an impulsive expect a correction, after a correction expect an impulse.
Current view of USDJPY
https://www.tradingview.com/chart/XAUUSD/BK0Dc30C-Elliott-Analysis-by-Wave-FX-Gold-UPDATE/
UPDATE MArket move over 200pips, since price confirmed our buys.
UPDATE MArket move over 200pips, since price confirmed our buys.
TradingView
Elliott Analysis by Wave FX Gold UPDATE for FOREXCOM:XAUUSD by wavefxacademy
The market confirmed scenario A, with Wave 2 ending at 1724.00
Now we can expect the target of 1840 to be a high possibility.
Now we can expect the target of 1840 to be a high possibility.
https://www.tradingview.com/x/2bAhdAHN/
Gold Trade Update:
Yesterday I share with you the potential of a correction before the next breakout out on Gold. As expected, we got that correction. This would have provided added buying opportunities, to capitalize on the trend.
Analysis posted yesterday➡️Link
This is where we are today. Another 200+ pips move 😁✅
Kudos🤟, if you were able to make some money 💰from my analysis.
If you need help with your trading journey, feel free to communicate with my via my bot ASK WAVE FX
Gold Trade Update:
Yesterday I share with you the potential of a correction before the next breakout out on Gold. As expected, we got that correction. This would have provided added buying opportunities, to capitalize on the trend.
Analysis posted yesterday➡️Link
This is where we are today. Another 200+ pips move 😁✅
Kudos🤟, if you were able to make some money 💰from my analysis.
If you need help with your trading journey, feel free to communicate with my via my bot ASK WAVE FX