Besides technical characterists, Elliott wave analysts are also familiar with individual wave personality, which typically reflects the psychology of the moment. In the picture below you can see an example of the rising trend – 5 wave impulsive structure. Wave 1 is rarely obvious at its inception . Traders believe previous trend is still strongly […]

There are four psychological kinds of emotions that drive most individual decision making in any market in the world: Greed, Fear, Hope and Regret. The psychology behind trading is the force that makes the moves in the market. Besides a good Elliott Wave analysis and proper money management, trading psychology is crucial for being successful […]

In this article, you will learn how to identify and trade Elliott Wave Extensions within impulsive structures. One of the core rules of Elliott Wave Theory states that in a 5-wave structure, Wave 3 cannot be the shortest. However, this doesn’t always mean Wave 3 must be extended. While extensions most commonly appear in Wave […]

  This is a non-technical blog that contains some facts and precious truths. These 5 tips could forever change your trading perspective in a better way. Let’s take a look at them: 1. Think about the risks. Before entering the trade, you should be aware that any trade could end up being negative one, regardless of […]

Triangle is an Elliott wave pattern seen during sideways market consolidations, it is composed of 5 corrective sequences. Triangle presents a balance of forces between buyers and sellers, causing a sideways movement that is usually associated with decreasing volume and volatility. This pattern subdivide into 3-3-3-3-3 structures labeled as A,B,C,D,E. It is a continuation pattern […]

Double three is the most important patern in New Elliott Wave theory and probably the most common pattern in the market these days, also known as 7 swing structure. It’s a very reliable pattern which is giving us good trading entries with clearly defined invalidation levels and target areas. The picture below presents what Elliott […]