Elliott Wave Trading

Quoting aalperbk

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Also nzd-usd has touched the swing high end zone. Nice too ! {image}

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Quoting paulselvan

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{quote} @aalperbk Good to short also. In NU H4 chart , Can you explain why after red wave (2) you've prefered to introduce black sub-waves 1 & 2 rather than to continue with same degree red waves (3) and (4) ?

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Quoting aalperbk

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{quote} Because for we can say that is wave (3) it has to be minimum fib exp 1.618 wave (1)-(2)(0.6851).As you can see wave has ended at 0.6887 and it was an impulse wave.So we have 2 options, 1st it is an (c) wave in a-b-c usual zigzag or it is a subwave 1. {image}

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Quoting paulselvan

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{quote} tnx for sharing

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Quoting paulselvan

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hello aalperbk On EU H4 chart, Black (w) is divided by 3 red sub-waves (a),(b),(c)... Why not to divide it by 5 sub-waves w,x,y,x, z ? {image}

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Quoting aalperbk

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{quote} hi Paul.. 1st) Because of the last wave. It is an impulsive wave not a corrective. Only the (c) wave in a-b-c can have 5-3-5-3-5 structure.And it is a very important rule that wave c always has to be impulsive. Some times you can see wave c in ending diagonal formation (3-3-3-3-3) structure.(but it is also an impulsive wave). 2nd) wave (b) has touched the fib %50 of wave (a).For a-b-c wave b has to be min fib%50 of wave (a). {image}

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Quoting infinitus

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{quote} where are this rules from? Inquiring minds want to know...... In the EWP from Frost and Prechter you can find this: {image} And that are not rules at all. They are guidelines In the work of Swannell you can also see, that wave B is often enough only around 20% of wave A. Most of the time roughly between 25 and 65%

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Quoting aalperbk

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{quote} hi Paul.. 1st) Because of the last wave. It is an impulsive wave not a corrective. Only the (c) wave in a-b-c can have 5-3-5-3-5 structure.And it is a very important rule that wave c always has to be impulsive. Some times you can see wave c in ending diagonal formation (3-3-3-3-3) structure.(but it is also an impulsive wave). 2nd) wave (b) has touched the fib %50 of wave (a).For a-b-c wave b has to be min fib%50 of wave (a). {image}

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Quoting infinitus

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{quote} where are this rules from? Inquiring minds want to know...... In the EWP from Frost and Prechter you can find this: {image} And that are not rules at all. They are guidelines In the work of Swannell you can also see, that wave B is often enough only around 20% of wave A. Most of the time roughly between 25 and 65%

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