All waves may be categorized by relative size, or degree. Elliott discerned nine degrees of waves, from the smallest wiggle on an hourly chart to the largest wave he could assume existed from the data then available. He chose the names listed below to label these degrees, from largest to smallest:
Grand Supercycle Supercycle Cycle…[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]