What Happens After The 5th Elliot Wave?
What is Elliot Wave Theory? The Elliott Wave Principle is a form of technical analysis that is used to analyze market cycles and forecast market trends by identifying the impulses and corrections of market structure. A trader can identify trends by identifying extremes in investor psychology, highs and lows in prices, and much more.
The Elliot Waves are as follows:
1: Impulse Wave
2: Correction
3: Impulse Wave
4: Correction
5: Impulse Wave
A: Impulse Wave + Complex Correction (Wave A usually drops to the previous fourth wave (Wave 4)
B: Correction
C: Impulse (Once wave c is over, it is highly likely the next move is a wave that overcomes the entire a-b-c sequence.)
So what comes after the 5th Wave? What kind of psychologic factors could be taking place during this wave? Leave your thoughts below!
The Elliot Waves are as follows:
1: Impulse Wave
2: Correction
3: Impulse Wave
4: Correction
5: Impulse Wave
A: Impulse Wave + Complex Correction (Wave A usually drops to the previous fourth wave (Wave 4)
B: Correction
C: Impulse (Once wave c is over, it is highly likely the next move is a wave that overcomes the entire a-b-c sequence.)
So what comes after the 5th Wave? What kind of psychologic factors could be taking place during this wave? Leave your thoughts below!
Nota
Nota
Here are the results of how this pattern played out this week!
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.
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.