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The image presentsElliott Wave Theory and Smart Money Concepts (SMC), often associated with Wyckoff distribution/accumulation.
🌟On the left side, there's an illustration of Elliott Wave Theory, showing a typical 5-wave impulse (labeled 1-2-3-4-5, presumably wave A) followed by a 3-wave corrective structure (labeled A-B-C). Within this, there's a smaller "Accumulation" phase depicted.
✅Pine Script® On the right side, there's a diagram illustrating Smart Money Concepts/Wyckoff phases, specifically "Accumulation," "Manipulation," and "Distribution." This diagram shows how price moves through these phases, often with a false breakout (manipulation) before the true move.
🟢The overall implication of the image and its central text is that SMC principles, such as accumulation and distribution, can be observed or understood within the larger framework of Elliott Wave patterns. It suggests that SMC provides a more granular view of market behavior (identifying smart money footprints) that aligns with or unfolds within the Elliott Wave structures.
The image presentsElliott Wave Theory and Smart Money Concepts (SMC), often associated with Wyckoff distribution/accumulation.
🌟On the left side, there's an illustration of Elliott Wave Theory, showing a typical 5-wave impulse (labeled 1-2-3-4-5, presumably wave A) followed by a 3-wave corrective structure (labeled A-B-C). Within this, there's a smaller "Accumulation" phase depicted.
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🟢The overall implication of the image and its central text is that SMC principles, such as accumulation and distribution, can be observed or understood within the larger framework of Elliott Wave patterns. It suggests that SMC provides a more granular view of market behavior (identifying smart money footprints) that aligns with or unfolds within the Elliott Wave structures.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.