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Elliott Wave personality and characheristics
Read MoreBesides 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 […]
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4 types of Emotions every trader needs to overcome
Read MoreThe 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 business. There are four psychological kinds of emotions that drive most individual decision making in any market in the world: Greed, Fear, […]
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Elliott Wave Extensions within a 5 wave move
Read MoreIn this article blog you will learn how to deal with Elliott Wave Extensions which occur within impulsive structures. One of the basic rules in Elliott Wave theory says that in 5 wave structure, wave 3 can’t be the shortest one. However, this does not necessary means that wave 3 should always be extended. Although the […]
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5 Crucial tips on how to improve your Trading drastically
Read MoreThis 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 […]
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Elliott Wave Triangle Structure
Read MoreTriangle 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 […]
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Elliott wave pattern : Double Three (WXY) Structure
Read MoreDouble 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 […]