I'm still trying to learn how to draw/count elliot waves. MY humble knowledge is based on Philakone's tutorial here: youtube.com/watch?v=XlcQWtB3q34
He said:
"If wave 2 retrace a lot: wave 3 won’t retrace that much.
Wave 4 won’t retrace into wave 1 territory (peak of wave 1). So wave 4 will retrace, but only higher than wave 1
After wave 5: don’t buy at 0.618. Do fib retracement of all waves, as if you make one big wave 1: the retracement will be huge: 0.5 or 0.618."
Examples see video at 23:10
So this is just my trying to draw the impulse waves... let's see it more or less it works like that.
He said:
"If wave 2 retrace a lot: wave 3 won’t retrace that much.
Wave 4 won’t retrace into wave 1 territory (peak of wave 1). So wave 4 will retrace, but only higher than wave 1
After wave 5: don’t buy at 0.618. Do fib retracement of all waves, as if you make one big wave 1: the retracement will be huge: 0.5 or 0.618."
Examples see video at 23:10
So this is just my trying to draw the impulse waves... let's see it more or less it works like that.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.