evanpattern

Summary of Rules and Guidelines for impulse Waves

From a theoretical standpoint, we must be careful not to confuse Elliott waves with their measures, which are as a thermometer is to heat. A thermometer is not designed to gauge rapid short-term fluctuations in air temperature and neither is an index of 30 stocks constructed so as to be able to…[Lees meer]

Wave Personality part 2

Figure 2-15
downswing. Nearly everyone was proclaiming a new bull market. Services were extremely bullish, and the upside volume was running higher than at the peak in 1929.
— The 1961-1962 rise was wave (b) in an (a)-(b)-(c) expanded flat correction. At the top in early 1962, stocks were selling at unheard of p…[Lees meer]

Channeling
توصيات الذهب

Elliott noted that a parallel trend channel typically marks the upper and lower boundaries of an impulse wave, often with dramatic precision. You should draw one as early as possible to assist in determining wave targets and provide clues to the future development of trends.
The initial channeling technique for an impulse…[Lees meer]

Elliott Wave Principle and Wave Equality

One of the guidelines of the Wave Principle is that two of the motive waves in a five-wave sequence will tend toward equality in time and magnitude. This is generally true of the two non-extended waves when one wave is an extension, and it is especially true if the third wave is the extension. If perfect…[Lees meer]

Wave Function and Elliott Wave
gold signals
Every wave serves one of two functions: action or reaction. Specifically, a wave may either advance the cause of the wave of one larger degree or interrupt it. The function of a wave is determined by its relative direction. An actionary or trend wave is any wave that trends in the same direction as the…[Lees meer]

Elliott Wave and Essential Design
توصيات العملات
Now observe that within the corrective pattern illustrated as wave ② in Figure 1-3, waves (A) and (C), which point downward, are each composed of five waves: 1, 2, 3, 4 and 5. Similarly, wave (B), which points upward, is composed of three waves: A, B and C. This construction discloses a cr…[Lees meer]

Truncation
Elliott used the word “failure” to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, “truncation,” or “truncated fifth.” A truncation can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in Figures…[Lees meer]

Planning your exit

Since no human can see into the future, unfortunately new and experienced traders alike will sometimes have to contend with losing trades.

Emotions can run high at these times. Watching your hard-earned money being depleted from your account is an uncomfortable experience – and it can compromise your decision-making…[Lees meer]