Trade Setup with Elliot Waves
This is an example of how you can use Elliot Waves to enter a trade.
The bigger wave is wave (1) which consists of 5 waves. Now, for wave (2), a WXY pattern happened in a parallel channel. It can also be called a double three pattern.
Wave (2) reached 50% of wave (1). 50% - 60% is typically where corrections end.
After that, we can see a sharp rise up. This is wave 1 of wave (3). We can be confirm that it is wave 1 by seeing that it broke the channel of the WXY patterns.
We can use this to enter a trade at and wait for wave 3 so that we can exit.
The bigger wave is wave (1) which consists of 5 waves. Now, for wave (2), a WXY pattern happened in a parallel channel. It can also be called a double three pattern.
Wave (2) reached 50% of wave (1). 50% - 60% is typically where corrections end.
After that, we can see a sharp rise up. This is wave 1 of wave (3). We can be confirm that it is wave 1 by seeing that it broke the channel of the WXY patterns.
We can use this to enter a trade at and wait for wave 3 so that we can exit.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.