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evanpattern

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  1. evanpattern

    Channeling توصيات الذهب Elliott noted that a parallel trend channel typically marks the upper and lower boundaries of an impulse wave, often with dramatic precision. You should draw one as early as possible to assist in determining wave targets and provide clues to the future development of trends. The initial channeling technique for an impulse requires at least three reference points. When wave three ends, connect the points labeled 1 and 3, then draw a parallel line touching the point labeled 2, as shown in Figure 2-8. This construction provides an estimated boundary for wave four. (In most cases, third waves travel far enough that the starting point is excluded from the final channel’s touch points.) توصيات الذهب If the fourth wave ends at a point not touching the parallel, you must reconstruct the channel in order to estimate the boundary for wave five. First connect the ends of waves two and four. If waves one and three are normal, the upper parallel most accurately forecasts the end of wave five when drawn touching the peak of wave three, as in Figure 2-9. If wave three is abnormally strong, almost vertical, then a parallel drawn from its top may be too high. Experience has shown that a parallel to the baseline that touches the top of wave one is then more useful, as in our depiction of gold bullion from August 1976 to March 1977 (see Figure 6-12). In some cases, it may be useful to draw both potential upper boundary lines to alert you to be especially attentive to the wave count and volume characteristics at those levels and then take appropriate action as the wave count warrants. Figure 2-8 Figure 2-9 Always remember that all degrees of trend are operating at the same time. Sometimes, for instance, a fifth wave of Intermediate degree within a fifth wave of Primary degree will end when it reaches the upper channel lines at both degrees simultaneously. Or sometimes a throw-over at Supercycle degree will terminate precisely when prices reach the upper line of the channel at Cycle degree. Zigzag corrections often form channels with four touch points. One line connects the starting point of wave A and then end of wave B; the other line touches the end of wave A and end of wave C. Once the former line is established, a parallel line drawn from the end of wave A is an excellent tool for recognizing the exact end of the entire correction. Throw-over gold signals Within a parallel channel or the converging lines of a diagonal, if a fifth wave approaches its upper trendline on declining volume, it is an indication that the end of the wave will meet or fall short of it. If volume is heavy as the fifth wave approaches its upper trendline, it indicates a possible penetration of the upper line, which Elliott called a "throw-over." Near the point of throw-over, a fourth wave of small degree may trend sideways immediately below the parallel, allowing the fifth then to break it in a final burst of volume. A throw-over is occasionally telegraphed by a preceding "throw-under," either by wave 4 or by wave two of 5, as suggested by the drawing shown as Figure 2-10, from Elliott’s book, The Wave Principle. A throw-over is confirmed by an immediate reversal back below the line. A throw-over can also occur, with the same characteristics, in a declining market. Elliott correctly warned that a throw-over at large degree causes difficulty in identifying the waves of smaller degree during the throw-over, as smaller degree channels are sometimes penetrated on the upside during the final fifth wave. Figures 1-17, 1-19 and 2-11 show real-life examples of throw-overs. Figure 2-10 Scale gold signals Elliott contended that the necessity of channeling on semilog scale indicated the presence of inflation. To date, no student of the Wave Principle has questioned this assumption, which is demonstrably incorrect. Some of the differences apparent to Elliott may have been due to differences in the degree of waves that he was plotting, since the larger the degree, the more necessary a semilog scale usually becomes. On the other hand, the virtually perfect channels that were formed by the 1921-1929 market on semilog scale (see Figure 2-11) and the 1932-1937 market on arithmetic scale (see Figure 2-12) indicate that waves of the same degree will form the correct Elliott trend channel only when plotted selectively on the appropriate scale. On arithmetic scale, the 1920s bull market accelerates beyond the upper boundary, while on semilog scale the 1930s bull market falls far short of the upper boundary. Figure 2-11 Figure 2-12 gold signals Regarding Elliott’s contention concerning inflation, we note that the period of the 1920s actually accompanied mild deflation, as the Consumer Price Index declined an average of .5% per year, while the period from 1933 to 1937 was mildly inflationary, accompanying a rise in the CPI of 2.2% per year. This monetary background convinces us that inflation is not the reason behind the necessity for use of semilog scale. In fact, aside from this difference in channeling, these two waves of Cycle dimension are surprisingly similar: they create nearly the same multiples in price (six times and five times respectively), they both contain extended fifth waves, and the peak of the third wave is the same percentage gain above the bottom in each case. The essential difference between the two bull markets is the shape and time length of each individual subwave. توصيات العملات At most, we can state that the necessity for semilog scale indicates a wave that is in the process of acceleration, for whatever mass psychological reasons. Given a single price objective and a specific length of time allotted, anyone can draw a satisfactory hypothetical Elliott wave channel from the same point of origin on both arithmetic and semilog scale by adjusting the slope of the 75 waves to fit. Thus, the question of whether to expect a parallel channel on arithmetic or semilog scale is still unresolved as far as developing a tenet on the subject. If the price development at any point does not fall neatly within two parallel lines on the scale you are using, switch to the other scale in order to observe the channel in correct perspective. To stay on top of all developments, you should always use both. gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  2. evanpattern

    Channeling توصيات الذهب Elliott noted that a parallel trend channel typically marks the upper and lower boundaries of an impulse wave, often with dramatic precision. You should draw one as early as possible to assist in determining wave targets and provide clues to the future development of trends. The initial channeling technique for an impulse requires at least three reference points. When wave three ends, connect the points labeled 1 and 3, then draw a parallel line touching the point labeled 2, as shown in Figure 2-8. This construction provides an estimated boundary for wave four. (In most cases, third waves travel far enough that the starting point is excluded from the final channel’s touch points.) توصيات الذهب If the fourth wave ends at a point not touching the parallel, you must reconstruct the channel in order to estimate the boundary for wave five. First connect the ends of waves two and four. If waves one and three are normal, the upper parallel most accurately forecasts the end of wave five when drawn touching the peak of wave three, as in Figure 2-9. If wave three is abnormally strong, almost vertical, then a parallel drawn from its top may be too high. Experience has shown that a parallel to the baseline that touches the top of wave one is then more useful, as in our depiction of gold bullion from August 1976 to March 1977 (see Figure 6-12). In some cases, it may be useful to draw both potential upper boundary lines to alert you to be especially attentive to the wave count and volume characteristics at those levels and then take appropriate action as the wave count warrants. Figure 2-8 Figure 2-9 Always remember that all degrees of trend are operating at the same time. Sometimes, for instance, a fifth wave of Intermediate degree within a fifth wave of Primary degree will end when it reaches the upper channel lines at both degrees simultaneously. Or sometimes a throw-over at Supercycle degree will terminate precisely when prices reach the upper line of the channel at Cycle degree. Zigzag corrections often form channels with four touch points. One line connects the starting point of wave A and then end of wave B; the other line touches the end of wave A and end of wave C. Once the former line is established, a parallel line drawn from the end of wave A is an excellent tool for recognizing the exact end of the entire correction. Throw-over gold signals Within a parallel channel or the converging lines of a diagonal, if a fifth wave approaches its upper trendline on declining volume, it is an indication that the end of the wave will meet or fall short of it. If volume is heavy as the fifth wave approaches its upper trendline, it indicates a possible penetration of the upper line, which Elliott called a "throw-over." Near the point of throw-over, a fourth wave of small degree may trend sideways immediately below the parallel, allowing the fifth then to break it in a final burst of volume. A throw-over is occasionally telegraphed by a preceding "throw-under," either by wave 4 or by wave two of 5, as suggested by the drawing shown as Figure 2-10, from Elliott’s book, The Wave Principle. A throw-over is confirmed by an immediate reversal back below the line. A throw-over can also occur, with the same characteristics, in a declining market. Elliott correctly warned that a throw-over at large degree causes difficulty in identifying the waves of smaller degree during the throw-over, as smaller degree channels are sometimes penetrated on the upside during the final fifth wave. Figures 1-17, 1-19 and 2-11 show real-life examples of throw-overs. Figure 2-10 Scale gold signals Elliott contended that the necessity of channeling on semilog scale indicated the presence of inflation. To date, no student of the Wave Principle has questioned this assumption, which is demonstrably incorrect. Some of the differences apparent to Elliott may have been due to differences in the degree of waves that he was plotting, since the larger the degree, the more necessary a semilog scale usually becomes. On the other hand, the virtually perfect channels that were formed by the 1921-1929 market on semilog scale (see Figure 2-11) and the 1932-1937 market on arithmetic scale (see Figure 2-12) indicate that waves of the same degree will form the correct Elliott trend channel only when plotted selectively on the appropriate scale. On arithmetic scale, the 1920s bull market accelerates beyond the upper boundary, while on semilog scale the 1930s bull market falls far short of the upper boundary. Figure 2-11 Figure 2-12 gold signals Regarding Elliott’s contention concerning inflation, we note that the period of the 1920s actually accompanied mild deflation, as the Consumer Price Index declined an average of .5% per year, while the period from 1933 to 1937 was mildly inflationary, accompanying a rise in the CPI of 2.2% per year. This monetary background convinces us that inflation is not the reason behind the necessity for use of semilog scale. In fact, aside from this difference in channeling, these two waves of Cycle dimension are surprisingly similar: they create nearly the same multiples in price (six times and five times respectively), they both contain extended fifth waves, and the peak of the third wave is the same percentage gain above the bottom in each case. The essential difference between the two bull markets is the shape and time length of each individual subwave. توصيات العملات At most, we can state that the necessity for semilog scale indicates a wave that is in the process of acceleration, for whatever mass psychological reasons. Given a single price objective and a specific length of time allotted, anyone can draw a satisfactory hypothetical Elliott wave channel from the same point of origin on both arithmetic and semilog scale by adjusting the slope of the 75 waves to fit. Thus, the question of whether to expect a parallel channel on arithmetic or semilog scale is still unresolved as far as developing a tenet on the subject. If the price development at any point does not fall neatly within two parallel lines on the scale you are using, switch to the other scale in order to observe the channel in correct perspective. To stay on top of all developments, you should always use both. gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  3. Elliott Wave Principle and Wave Equality One of the guidelines of the Wave Principle is that two of the motive waves in a five-wave sequence will tend toward equality in time and magnitude. This is generally true of the two non-extended waves when one wave is an extension, and it is especially true if the third wave is the extension. If perfect equality is lacking, a .618 multiple is the next likely relationship (see Chapters 3 and 4). gold signals When waves are larger than Intermediate degree, the price relationships usually must be stated in percentage terms. Thus, within the entire extended Cycle wave advance from 1942 to 1966, we find that Primary wave ① traveled 120 points, a gain of 129%, in 49 months, while Primary wave ⑤ traveled 438 points, a gain of 80% (.618 times the 129% gain), in 40 months (see Figure 5-5), far different from the 324% gain of the third Primary wave, which lasted 126 months. توصيات الذهب When waves are of Intermediate degree or below, the price equality can usually be stated in arithmetic terms, since the percentage lengths will also be nearly equivalent. Thus, in the year-end rally of 1976, we find that wave 1 traveled 35.24 points in 47 market hours while wave 5 traveled 34.40 points in 47 market hours. The guideline of equality is often extremely accurate. Charting the Waves gold signals A. Hamilton Bolton always kept an "hourly close" chart, i.e., one showing the end-of-hour prices, as do the authors. Elliott himself certainly followed the same practice, since in The Wave Principle, he presents an hourly chart of stock prices from February 23 to March 31, 1938. Every Elliott wave practitioner, or anyone interested in the Wave Principle, will find it instructive and useful to plot the hourly fluctuations of the DJIA, which are published by The Wall Street Journal and Barron’s. It is a simple task that requires only a few minutes’ work a week. Bar charts are fine but can be misleading by revealing fluctuations that occur near the time changes for each bar but not those that occur within the time for the bar. Actual print figures must be used on all plots. The so-called "opening" and "theoretical intraday" figures published for the Dow averages are statistical inventions that do not reflect the averages at any particular moment. Respectively, these figures represent a sum of the opening prices, which can occur at different times, and of the daily highs or lows of each individual stock in the average regardless of the time of day each extreme occurs. توصيات الذهب The foremost aim of wave classification is to determine where prices are in the stock market’s progression. This exercise is easy as long as the wave counts are clear, as in fast-moving, emotional markets, particularly in impulse waves, when minor movements generally unfold in an uncomplicated manner. In these cases, short term charting is necessary to view all subdivisions. However, in lethargic or choppy markets, particularly in corrections, wave structures are more likely to be complex and slow to develop. In these cases, a longer term chart often effectively condenses the action into a form that clarifies the pattern in progress. With a proper reading of the Wave Principle, there are times when a sideways trend can be forecasted (for instance, for a fourth wave when wave two is a zigzag). Even when anticipated, though, complexity and lethargy are two of the most frustrating occurrences for the analyst. Nevertheless, they are part of the reality of the market and must be taken into account. The authors highly recommend that during such periods you take some time off from the market to enjoy the profits made during the rapidly unfolding impulse waves. You can’t "wish" the market into action; it isn’t listening. When the market rests, do the same. The correct method for tracking the stock market is to use semilogarithmic chart paper, since the market’s history is sensibly related only on a percentage basis. The investor is concerned with percentage gain or loss, not the number of points traveled in a market average. For instance, ten points in the DJIA in 1980 meant a one percent move. In the early 1920s, ten points meant a ten percent move, quite a bit more important. For ease of charting, however, we suggest using semilog scale only for long term plots, where the difference is especially noticeable. Arithmetic scale is quite acceptable for tracking hourly waves since a 40 point rally with the DJIA at 800 is not much different in percentage terms from a 40 point rally with the DJIA at 900. Thus, channeling techniques work acceptably well on arithmetic scale with shorter term moves. توصيات العملات gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  4. Elliott Wave Principle and Wave Equality One of the guidelines of the Wave Principle is that two of the motive waves in a five-wave sequence will tend toward equality in time and magnitude. This is generally true of the two non-extended waves when one wave is an extension, and it is especially true if the third wave is the extension. If perfect equality is lacking, a .618 multiple is the next likely relationship (see Chapters 3 and 4). gold signals When waves are larger than Intermediate degree, the price relationships usually must be stated in percentage terms. Thus, within the entire extended Cycle wave advance from 1942 to 1966, we find that Primary wave ① traveled 120 points, a gain of 129%, in 49 months, while Primary wave ⑤ traveled 438 points, a gain of 80% (.618 times the 129% gain), in 40 months (see Figure 5-5), far different from the 324% gain of the third Primary wave, which lasted 126 months. توصيات الذهب When waves are of Intermediate degree or below, the price equality can usually be stated in arithmetic terms, since the percentage lengths will also be nearly equivalent. Thus, in the year-end rally of 1976, we find that wave 1 traveled 35.24 points in 47 market hours while wave 5 traveled 34.40 points in 47 market hours. The guideline of equality is often extremely accurate. Charting the Waves gold signals A. Hamilton Bolton always kept an "hourly close" chart, i.e., one showing the end-of-hour prices, as do the authors. Elliott himself certainly followed the same practice, since in The Wave Principle, he presents an hourly chart of stock prices from February 23 to March 31, 1938. Every Elliott wave practitioner, or anyone interested in the Wave Principle, will find it instructive and useful to plot the hourly fluctuations of the DJIA, which are published by The Wall Street Journal and Barron’s. It is a simple task that requires only a few minutes’ work a week. Bar charts are fine but can be misleading by revealing fluctuations that occur near the time changes for each bar but not those that occur within the time for the bar. Actual print figures must be used on all plots. The so-called "opening" and "theoretical intraday" figures published for the Dow averages are statistical inventions that do not reflect the averages at any particular moment. Respectively, these figures represent a sum of the opening prices, which can occur at different times, and of the daily highs or lows of each individual stock in the average regardless of the time of day each extreme occurs. توصيات الذهب The foremost aim of wave classification is to determine where prices are in the stock market’s progression. This exercise is easy as long as the wave counts are clear, as in fast-moving, emotional markets, particularly in impulse waves, when minor movements generally unfold in an uncomplicated manner. In these cases, short term charting is necessary to view all subdivisions. However, in lethargic or choppy markets, particularly in corrections, wave structures are more likely to be complex and slow to develop. In these cases, a longer term chart often effectively condenses the action into a form that clarifies the pattern in progress. With a proper reading of the Wave Principle, there are times when a sideways trend can be forecasted (for instance, for a fourth wave when wave two is a zigzag). Even when anticipated, though, complexity and lethargy are two of the most frustrating occurrences for the analyst. Nevertheless, they are part of the reality of the market and must be taken into account. The authors highly recommend that during such periods you take some time off from the market to enjoy the profits made during the rapidly unfolding impulse waves. You can’t "wish" the market into action; it isn’t listening. When the market rests, do the same. The correct method for tracking the stock market is to use semilogarithmic chart paper, since the market’s history is sensibly related only on a percentage basis. The investor is concerned with percentage gain or loss, not the number of points traveled in a market average. For instance, ten points in the DJIA in 1980 meant a one percent move. In the early 1920s, ten points meant a ten percent move, quite a bit more important. For ease of charting, however, we suggest using semilog scale only for long term plots, where the difference is especially noticeable. Arithmetic scale is quite acceptable for tracking hourly waves since a 40 point rally with the DJIA at 800 is not much different in percentage terms from a 40 point rally with the DJIA at 900. Thus, channeling techniques work acceptably well on arithmetic scale with shorter term moves. توصيات العملات gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  5. Elliott Wave and Triangle A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot or overshoot the A-C line, and in fact, our experience tells us that it happens more often than not. https://www.freeforex-signals.com/ There are three varieties of triangles: contracting, barrier and expanding, as illustrated in Figure 1-42. Elliott contended that the horizontal line of a barrier triangle could occur on either side of the triangle, but such is not the case; it always occurs on the side that the next wave will exceed. Elliott’s terms, "ascending" and "descending," are nevertheless useful shorthand in communicating whether the barrier triangle occurs in a bull or bear market, respectively. forex signals Figure 1-42 depicts contracting and barrier triangles as taking place entirely within the area of preceding price action, which may be termed a regularr triangle. Yet, it is extremely common for wave B of a contracting triangle to exceed the start of wave A in what may be termed a running triangle, as shown in Figure 1-43. Despite their sideways appearance, all triangles, including running triangles, effect a net retracement of the preceding wave at wave E’s end. free forex signals There are several real life examples of triangles in the charts in this book (see Figures 1-27, 3-15, 5-5, 6-9, 6-10 and 6-12). As you will notice, most of the subwaves in a triangle are zigzags, but sometimes one of the subwaves (usually wave C) is more complex than the others and can take the shape of a multiple zigzag. In rare cases, one of the sub-waves (usually wave E) is itself a triangle, so that the entire pattern protracts into nine waves. Thus, triangles, like zigzags, occasionally display a development that is analogous to an extension. One example occurred in silver from 1973 through 1977 (see Figure 1-44). forex trading signals A triangle always occurs in a position prior to the final actionary wave in the pattern of one larger degree, i.e., as wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple zigzag or combination (see next section). A triangle may also occur as the final actionary pattern in a corrective combination, as discussed in the next section, although even then it usually precedes the final actionary wave in the pattern of one larger degree than the corrective combination. Although upon extremely rare occasions a second wave in an impulse appears to take the form of a triangle, it is usually due to the fact that a triangle is part of the correction, which is in fact a double three (for example, see Figure 3-12). forex signals free In the stock market, when a triangle occurs in the fourth wave position, wave five is sometimes swift and travels approximately the distance of the widest part of the triangle. Elliott used the word "thrust" in referring to this swift, short motive wave following a triangle. The thrust is usually an impulse but can be an ending diagonal. In powerful markets, there is no thrust, but instead a prolonged fifth wave. So if a fifth wave following a triangle pushes past a normal thrust movement, it is signaling a likely protracted wave. Post-triangle advancing impulses in commodities at degrees above Intermediate are usually the longest wave in the sequence, as explained in Chapter 6. free forex signals Many analysts are fooled into labeling a completed triangle way too early. Triangles take time and go sideways. If you examine Figure 1-44 closely, you will see that one could have jumped the gun in the middle of wave b, pronouncing the end of five contracting waves. But the boundary lines of triangles almost never collapse so quickly. Subwave C is typically a complex wave, though wave B or D can fulfill that role. Give triangles time to develop. forex signals On the basis of our experience with triangles, as the examples in Figures 1-27 and later in 3-11 and 3-12 illustrate, we propose that often the time at which the boundary lines of a contracting triangle reach an apex coincides with a turning point in the market. Perhaps the frequency of this occurrence would justify its inclusion among the guidelines associated with the Wave Principle. https://www.freeforex-signals.com/gold signals gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  6. Elliott Wave and Triangle A triangle appears to reflect a balance of forces, causing a sideways movement that is usually associated with decreasing volume and volatility. The triangle pattern contains five overlapping waves that subdivide 3-3-3-3-3 and are labeled A-B-C-D-E. A triangle is delineated by connecting the termination points of waves A and C, and B and D. Wave E can undershoot or overshoot the A-C line, and in fact, our experience tells us that it happens more often than not. https://www.freeforex-signals.com/ There are three varieties of triangles: contracting, barrier and expanding, as illustrated in Figure 1-42. Elliott contended that the horizontal line of a barrier triangle could occur on either side of the triangle, but such is not the case; it always occurs on the side that the next wave will exceed. Elliott’s terms, "ascending" and "descending," are nevertheless useful shorthand in communicating whether the barrier triangle occurs in a bull or bear market, respectively. forex signals Figure 1-42 depicts contracting and barrier triangles as taking place entirely within the area of preceding price action, which may be termed a regularr triangle. Yet, it is extremely common for wave B of a contracting triangle to exceed the start of wave A in what may be termed a running triangle, as shown in Figure 1-43. Despite their sideways appearance, all triangles, including running triangles, effect a net retracement of the preceding wave at wave E’s end. free forex signals There are several real life examples of triangles in the charts in this book (see Figures 1-27, 3-15, 5-5, 6-9, 6-10 and 6-12). As you will notice, most of the subwaves in a triangle are zigzags, but sometimes one of the subwaves (usually wave C) is more complex than the others and can take the shape of a multiple zigzag. In rare cases, one of the sub-waves (usually wave E) is itself a triangle, so that the entire pattern protracts into nine waves. Thus, triangles, like zigzags, occasionally display a development that is analogous to an extension. One example occurred in silver from 1973 through 1977 (see Figure 1-44). forex trading signals A triangle always occurs in a position prior to the final actionary wave in the pattern of one larger degree, i.e., as wave four in an impulse, wave B in an A-B-C, or the final wave X in a double or triple zigzag or combination (see next section). A triangle may also occur as the final actionary pattern in a corrective combination, as discussed in the next section, although even then it usually precedes the final actionary wave in the pattern of one larger degree than the corrective combination. Although upon extremely rare occasions a second wave in an impulse appears to take the form of a triangle, it is usually due to the fact that a triangle is part of the correction, which is in fact a double three (for example, see Figure 3-12). forex signals free In the stock market, when a triangle occurs in the fourth wave position, wave five is sometimes swift and travels approximately the distance of the widest part of the triangle. Elliott used the word "thrust" in referring to this swift, short motive wave following a triangle. The thrust is usually an impulse but can be an ending diagonal. In powerful markets, there is no thrust, but instead a prolonged fifth wave. So if a fifth wave following a triangle pushes past a normal thrust movement, it is signaling a likely protracted wave. Post-triangle advancing impulses in commodities at degrees above Intermediate are usually the longest wave in the sequence, as explained in Chapter 6. free forex signals Many analysts are fooled into labeling a completed triangle way too early. Triangles take time and go sideways. If you examine Figure 1-44 closely, you will see that one could have jumped the gun in the middle of wave b, pronouncing the end of five contracting waves. But the boundary lines of triangles almost never collapse so quickly. Subwave C is typically a complex wave, though wave B or D can fulfill that role. Give triangles time to develop. forex signals On the basis of our experience with triangles, as the examples in Figures 1-27 and later in 3-11 and 3-12 illustrate, we propose that often the time at which the boundary lines of a contracting triangle reach an apex coincides with a turning point in the market. Perhaps the frequency of this occurrence would justify its inclusion among the guidelines associated with the Wave Principle. https://www.freeforex-signals.com/gold signals gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  7. Elliott Wave and Guidelines of Wave Formation The guidelines presented throughout this chapter are discussed and illustrated in the context of a bull market. Except where specifically excluded, they apply equally in bear markets, in which context the illustrations and implications would be inverted. Alternation توصيات الذهب The guideline of alternation is very broad in its application and warns the analyst always to expect a difference in the next expression of a similar wave. Hamilton Bolton said, https://www.gold-pattern.com/en The writer is not convinced that alternation is inevitable in types of waves in larger formations, but there are frequent enough cases to suggest that one should look for it rather than the contrary. توصيات الفوركس Although alternation does not say precisely what is going to happen, it gives valuable notice of what not to expect and is therefore useful to keep in mind when analyzing wave formations and assessing future probabilities. It primarily instructs the analyst not to assume, as most people tend to do, that because the last market cycle behaved in a certain manner, this one is sure to be the same. As "contrarians" never cease to point out, the day that most investors "catch on" to an apparent habit of the market is the day it will change to one completely different. However, Elliott went further in stating that, in fact, alternation was virtually a law of markets. Alternation Within An Impulse gold signals If wave two of an impulse is a sharp correction, expect wave four to be a sideways correction, and vice versa. Figure 2-1 shows the most characteristic breakdowns of an impulse wave, either up or down, as suggested by the guideline of alternation. Sharp corrections never include a new price extreme, i.e., one that lies beyond the orthodox end of the preceding impulse wave. They are almost always zigzags (single, double or triple); occasionally they are double threes that begin with a zigzag. Sideways corrections include flats, triangles, and double and triple corrections. They usually include a new price extreme, i.e., one that lies beyond the orthodox end of the preceding impulse wave. In rare cases, a regular triangle (one that does not include a new price extreme) in the fourth wave position will take the place of a sharp correction and alternate with another type of sideways pattern in the second wave position. The idea of alternation within an impulse can be summarized by saying that one of the two corrective processes will contain a move back to or beyond the end of the preceding impulse, and the other will not. توصيات الذهب Figure 2-1 A diagonal does not display alternation between subwaves 2 and 4. Typically both corrections are zigzags. An extension is an expression of alternation, as the motive waves alternate their lengths. Typically the first is short, the third is extended, and the fifth is short again. An extension, which normally occurs as wave 3, sometimes occurs as wave 1 or 5, another manifestation of alternation. Alternation Within Corrective Waves gold signals If a correction begins with a flat a-b-c construction for wave A, expect a zigzag a-b-c formation for wave B, and vice versa (see Figures 2-2 and 2-3). With a moment’s thought, it is obvious that this occurrence is sensible, since the first illustration reflects an upward bias in both subwaves while the second reflects a downward bias. توصيات العملات Quite often, when a large correction begins with a simple a-b-c zigzag for wave A, wave B will stretch out into a more intricately subdivided a-b-c zigzag to achieve a type of alternation, as in Figure 2-4. Sometimes wave C will be yet more complex, as in Figure 2-5. The reverse order of complexity is somewhat less common. An example of its occurrence can be found in wave 4 in Figure 2-16. gold signals gold and forex signals ( توصيات العملات ) depend on price pattern analysis of gold price and FX get gold trading signals results توصيات الذهب on https://www.gold-pattern.com/en
  8. Elliott Wave Principle and Detailed Analytics Motive Waves Motive waves subdivide into five waves and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret. gold signals https://www.gold-pattern.com/en/gold-signals.html Within motive waves, wave 2 always retraces less than 100% of wave 1, and wave 4 always retraces less than 100% of wave 3. Wave 3, moreover, always travels beyond the end of wave 1. The goal of a motive wave is to make progress, and these rules of formation assure that it will. Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three actionary waves (1, 3 and 5) of a motive wave. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied. It almost always holds on an arithmetic basis as well. There are two types of motive waves: impulse and diagonal. Impulse توصيات الذهب The most common motive wave is an impulse, per Figure 1-1. In an impulse, wave 4 does not enter the price territory of (i.e., "overlap") wave 1. This rule holds for all non-leveraged "cash" markets. Futures markets, with their extreme leverage, can induce short term price extremes that would not occur in cash markets. Even so, overlapping is usually confined to daily and intraday price fluctuations and even then is rare. In addition, the actionarysubwaves (1, 3 and 5) of an impulse are themselves motive, and subwave 3 is always an impulse. Figures 1-2, 1-3 and 1-4 all depict impulses in the 1, 3, 5, A and C wave positions. As detailed in the preceding three paragraphs, there are only a few simple rules for interpreting impulses properly. A rule is so called because it governs all waves to which it applies. Typical, yet not inevitable, characteristics of waves are called guidelines. Guidelines of impulse formation, including extension, truncation, alternation, equality, channeling, personality and ratio relationships are discussed below and throughout Chapters 2 and 4. A rule should never be disregarded. In many years of practice with countless patterns, the authors have found but one or two instances above Subminuette degree when all other rules and guidelines combined to suggest that a rule was broken. Analysts who routinely break any of the rules detailed in this section are practicing some form of analysis other than that guided by the Wave Principle. These rules have great practical utility in correct counting, which we will explore further in discussing extensions. https://www.gold-pattern.com/en Extension gold signals Most impulses contain what Elliott called an extension. An extension is an elongated impulse with exaggerated subdivisions. The vast majority of impulses contain an extension in one and only one of their three actionarysubwaves. The rest either contain no extension or an extension in both subwaves three and five. At times, the subdivisions of an extended wave are nearly the same amplitude and duration as the other four waves of the larger impulse, giving a total count of nine waves of similar size rather than the normal count of "five" for the sequence. In a nine-wave sequence, it is occasionally difficult to say which wave extended. However, it is usually irrelevant anyway, since under the Elliott system, a count of nine and a count of five have the same technical significance. The diagrams in Figure 1-5, illustrating extensions, will clarify this point. توصيات الذهب The fact that an extension typically occurs in only one actionarysubwave provides a useful guide to the expected lengths of upcoming waves. For instance, if the first and third waves are of about equal length, the fifth wave will likely be a protracted surge. Conversely, if wave three extends, the fifth should be simply constructed and resemble wave one. https://www.gold-pattern.com/en/gold-signals.html In the stock market, the most commonly extended wave is wave 3. This fact is of particular importance to real-time wave interpretation when considered in conjunction with two of the rules of impulse waves: Wave 3 is never the shortest actionary wave, and wave 4 may not overlap wave 1. To clarify, let us assume two situations involving an improper middle wave, as illustrated in Figures 1-6 and 1-7. gold signals In Figure 1-6, wave 4 overlaps the top of wave 1. In Figure 1-7, wave 3 is shorter than wave 1 and shorter than wave 5. According to the rules, neither is an acceptable labeling. Once the apparent wave 3 is proved unacceptable, it must be relabeled in some way that is acceptable. In fact, it is almost always to be labeled as shown in Figure 1-8, implying an extended wave (3) in the making. Do not hesitate to get into the habit of labeling the early stages of a third wave extension. The exercise will prove highly rewarding, as you will understand from the discussion under Wave Personality (see Chapter 2). Figure 1-8 is perhaps the single most useful guide to real time impulse wave counting in this book. توصيات العملات Extensions may also occur within extensions. In the stock market, the third wave of an extended third wave is typically an extension as well, producing a profile such as shown in Figure 1-9. A real-life example is shown in Figure 5-5. Figure 1-10 illustrates a fifth wave extension of a fifth wave extension. Extended fifths are quite common in major bull markets in commodities (see Chapter 6). Truncation Elliott used the word "failure" to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, "truncation," or "truncated fifth." A truncation can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in Figures 1-11 and 1-12. A truncation often occurs following a particularly strong third wave. gold signals The U.S. stock market provides two examples of majordegree truncated fifths since 1932. The first occurred in October 1962 at the time of the Cuban crisis (see Figure 1-13). It followed the crash that occurred as wave 3. The second occurred at yearend in 1976 (see Figure 1-14). It followed the soaring and broad wave (3) that took place from October 1975 to March 1976. Find free gold signals on https://www.gold-pattern.com/en
  9. Elliott Wave Principle and Detailed Analytics Motive Waves Motive waves subdivide into five waves and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret. gold signals https://www.gold-pattern.com/en/gold-signals.html Within motive waves, wave 2 always retraces less than 100% of wave 1, and wave 4 always retraces less than 100% of wave 3. Wave 3, moreover, always travels beyond the end of wave 1. The goal of a motive wave is to make progress, and these rules of formation assure that it will. Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three actionary waves (1, 3 and 5) of a motive wave. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied. It almost always holds on an arithmetic basis as well. There are two types of motive waves: impulse and diagonal. Impulse توصيات الذهب The most common motive wave is an impulse, per Figure 1-1. In an impulse, wave 4 does not enter the price territory of (i.e., "overlap") wave 1. This rule holds for all non-leveraged "cash" markets. Futures markets, with their extreme leverage, can induce short term price extremes that would not occur in cash markets. Even so, overlapping is usually confined to daily and intraday price fluctuations and even then is rare. In addition, the actionarysubwaves (1, 3 and 5) of an impulse are themselves motive, and subwave 3 is always an impulse. Figures 1-2, 1-3 and 1-4 all depict impulses in the 1, 3, 5, A and C wave positions. As detailed in the preceding three paragraphs, there are only a few simple rules for interpreting impulses properly. A rule is so called because it governs all waves to which it applies. Typical, yet not inevitable, characteristics of waves are called guidelines. Guidelines of impulse formation, including extension, truncation, alternation, equality, channeling, personality and ratio relationships are discussed below and throughout Chapters 2 and 4. A rule should never be disregarded. In many years of practice with countless patterns, the authors have found but one or two instances above Subminuette degree when all other rules and guidelines combined to suggest that a rule was broken. Analysts who routinely break any of the rules detailed in this section are practicing some form of analysis other than that guided by the Wave Principle. These rules have great practical utility in correct counting, which we will explore further in discussing extensions. https://www.gold-pattern.com/en Extension gold signals Most impulses contain what Elliott called an extension. An extension is an elongated impulse with exaggerated subdivisions. The vast majority of impulses contain an extension in one and only one of their three actionarysubwaves. The rest either contain no extension or an extension in both subwaves three and five. At times, the subdivisions of an extended wave are nearly the same amplitude and duration as the other four waves of the larger impulse, giving a total count of nine waves of similar size rather than the normal count of "five" for the sequence. In a nine-wave sequence, it is occasionally difficult to say which wave extended. However, it is usually irrelevant anyway, since under the Elliott system, a count of nine and a count of five have the same technical significance. The diagrams in Figure 1-5, illustrating extensions, will clarify this point. توصيات الذهب The fact that an extension typically occurs in only one actionarysubwave provides a useful guide to the expected lengths of upcoming waves. For instance, if the first and third waves are of about equal length, the fifth wave will likely be a protracted surge. Conversely, if wave three extends, the fifth should be simply constructed and resemble wave one. https://www.gold-pattern.com/en/gold-signals.html In the stock market, the most commonly extended wave is wave 3. This fact is of particular importance to real-time wave interpretation when considered in conjunction with two of the rules of impulse waves: Wave 3 is never the shortest actionary wave, and wave 4 may not overlap wave 1. To clarify, let us assume two situations involving an improper middle wave, as illustrated in Figures 1-6 and 1-7. gold signals In Figure 1-6, wave 4 overlaps the top of wave 1. In Figure 1-7, wave 3 is shorter than wave 1 and shorter than wave 5. According to the rules, neither is an acceptable labeling. Once the apparent wave 3 is proved unacceptable, it must be relabeled in some way that is acceptable. In fact, it is almost always to be labeled as shown in Figure 1-8, implying an extended wave (3) in the making. Do not hesitate to get into the habit of labeling the early stages of a third wave extension. The exercise will prove highly rewarding, as you will understand from the discussion under Wave Personality (see Chapter 2). Figure 1-8 is perhaps the single most useful guide to real time impulse wave counting in this book. توصيات العملات Extensions may also occur within extensions. In the stock market, the third wave of an extended third wave is typically an extension as well, producing a profile such as shown in Figure 1-9. A real-life example is shown in Figure 5-5. Figure 1-10 illustrates a fifth wave extension of a fifth wave extension. Extended fifths are quite common in major bull markets in commodities (see Chapter 6). Truncation Elliott used the word "failure" to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, "truncation," or "truncated fifth." A truncation can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in Figures 1-11 and 1-12. A truncation often occurs following a particularly strong third wave. gold signals The U.S. stock market provides two examples of majordegree truncated fifths since 1932. The first occurred in October 1962 at the time of the Cuban crisis (see Figure 1-13). It followed the crash that occurred as wave 3. The second occurred at yearend in 1976 (see Figure 1-14). It followed the soaring and broad wave (3) that took place from October 1975 to March 1976. Find free gold signals on https://www.gold-pattern.com/en
  10. Elliott Wave Principle and Detailed Analytics Motive Waves Motive waves subdivide into five waves and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret. gold signals https://www.gold-pattern.com/en/gold-signals.html Within motive waves, wave 2 always retraces less than 100% of wave 1, and wave 4 always retraces less than 100% of wave 3. Wave 3, moreover, always travels beyond the end of wave 1. The goal of a motive wave is to make progress, and these rules of formation assure that it will. Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three actionary waves (1, 3 and 5) of a motive wave. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied. It almost always holds on an arithmetic basis as well. There are two types of motive waves: impulse and diagonal. Impulse توصيات الذهب The most common motive wave is an impulse, per Figure 1-1. In an impulse, wave 4 does not enter the price territory of (i.e., "overlap") wave 1. This rule holds for all non-leveraged "cash" markets. Futures markets, with their extreme leverage, can induce short term price extremes that would not occur in cash markets. Even so, overlapping is usually confined to daily and intraday price fluctuations and even then is rare. In addition, the actionarysubwaves (1, 3 and 5) of an impulse are themselves motive, and subwave 3 is always an impulse. Figures 1-2, 1-3 and 1-4 all depict impulses in the 1, 3, 5, A and C wave positions. As detailed in the preceding three paragraphs, there are only a few simple rules for interpreting impulses properly. A rule is so called because it governs all waves to which it applies. Typical, yet not inevitable, characteristics of waves are called guidelines. Guidelines of impulse formation, including extension, truncation, alternation, equality, channeling, personality and ratio relationships are discussed below and throughout Chapters 2 and 4. A rule should never be disregarded. In many years of practice with countless patterns, the authors have found but one or two instances above Subminuette degree when all other rules and guidelines combined to suggest that a rule was broken. Analysts who routinely break any of the rules detailed in this section are practicing some form of analysis other than that guided by the Wave Principle. These rules have great practical utility in correct counting, which we will explore further in discussing extensions. https://www.gold-pattern.com/en Extension gold signals Most impulses contain what Elliott called an extension. An extension is an elongated impulse with exaggerated subdivisions. The vast majority of impulses contain an extension in one and only one of their three actionarysubwaves. The rest either contain no extension or an extension in both subwaves three and five. At times, the subdivisions of an extended wave are nearly the same amplitude and duration as the other four waves of the larger impulse, giving a total count of nine waves of similar size rather than the normal count of "five" for the sequence. In a nine-wave sequence, it is occasionally difficult to say which wave extended. However, it is usually irrelevant anyway, since under the Elliott system, a count of nine and a count of five have the same technical significance. The diagrams in Figure 1-5, illustrating extensions, will clarify this point. توصيات الذهب The fact that an extension typically occurs in only one actionarysubwave provides a useful guide to the expected lengths of upcoming waves. For instance, if the first and third waves are of about equal length, the fifth wave will likely be a protracted surge. Conversely, if wave three extends, the fifth should be simply constructed and resemble wave one. https://www.gold-pattern.com/en/gold-signals.html In the stock market, the most commonly extended wave is wave 3. This fact is of particular importance to real-time wave interpretation when considered in conjunction with two of the rules of impulse waves: Wave 3 is never the shortest actionary wave, and wave 4 may not overlap wave 1. To clarify, let us assume two situations involving an improper middle wave, as illustrated in Figures 1-6 and 1-7. gold signals In Figure 1-6, wave 4 overlaps the top of wave 1. In Figure 1-7, wave 3 is shorter than wave 1 and shorter than wave 5. According to the rules, neither is an acceptable labeling. Once the apparent wave 3 is proved unacceptable, it must be relabeled in some way that is acceptable. In fact, it is almost always to be labeled as shown in Figure 1-8, implying an extended wave (3) in the making. Do not hesitate to get into the habit of labeling the early stages of a third wave extension. The exercise will prove highly rewarding, as you will understand from the discussion under Wave Personality (see Chapter 2). Figure 1-8 is perhaps the single most useful guide to real time impulse wave counting in this book. توصيات العملات Extensions may also occur within extensions. In the stock market, the third wave of an extended third wave is typically an extension as well, producing a profile such as shown in Figure 1-9. A real-life example is shown in Figure 5-5. Figure 1-10 illustrates a fifth wave extension of a fifth wave extension. Extended fifths are quite common in major bull markets in commodities (see Chapter 6). Truncation Elliott used the word "failure" to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, "truncation," or "truncated fifth." A truncation can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in Figures 1-11 and 1-12. A truncation often occurs following a particularly strong third wave. gold signals The U.S. stock market provides two examples of majordegree truncated fifths since 1932. The first occurred in October 1962 at the time of the Cuban crisis (see Figure 1-13). It followed the crash that occurred as wave 3. The second occurred at yearend in 1976 (see Figure 1-14). It followed the soaring and broad wave (3) that took place from October 1975 to March 1976. Find free gold signals on https://www.gold-pattern.com/en
  11. Wave Function and Elliott Wave gold signals Every wave serves one of two functions: action or reaction. Specifically, a wave may either advance the cause of the wave of one larger degree or interrupt it. The function of a wave is determined by its relative direction. An actionary or trend wave is any wave that trends in the same direction as the wave of one larger degree of which it is a part. A reactionary or countertrend wave is any wave that trends in the direction opposite to that of the wave of one larger degree of which it is part. Actionary waves are labeled with odd numbers and letters (for example, 1, 3, 5, a and c in Figure 1-2). Reactionary waves are labeled with even numbers and letters (for example, 2, 4 and b in Figure 1-2). https://www.gold-pattern.com/en All reactionary waves develop in corrective mode. If all actionary waves developed in motive mode, then there would be no need for different terms. Indeed, most actionary waves do subdivide into five waves. However, as the following sections reveal, a few actionary waves develop in corrective mode, i.e., they subdivide into three waves or a variation thereof. A detailed knowledge of pattern construction is required in order to understand the distinction between actionary function and motive mode, which in the underlying model of Figures 1-1 through 1-4 are indistinct. A thorough understanding of the forms detailed later in this chapter will clarify why we have introduced these terms to the Elliott wave lexicon. توصيات الذهب Variations on the Basic Theme gold signals The Wave Principle would be simple to apply if the essential design described above were the complete description of market behavior. The real world, fortunately or unfortunately, is not so simple. While an idea such as cyclicality in markets or human experience implies precise repetition, the concept of waves allows for immense variability, which is in fact abundantly in evidence. The rest of this chapter fills out the description of how the market actually behaves. That is what Elliott set out to describe, and he succeeded in doing so. توصيات العملات There are a number of specific variations on the underlying theme, which Elliott meticulously described and illustrated. He also noted the important fact that each pattern has identifiable requirements as well as tendencies. From these observations, he was able to formulate numerous rules and guidelines for proper wave identification. A thorough knowledge of such details is necessary to understand what the market can do, and at least as important, what it does not do. توصيات الذهب Chapters 2 and 4 present a number of guidelines to proper wave interpretation. If you do not wish to become a market analyst or are concerned that you will become bogged down in technical detail, skim the next paragraph and then skip to Chapter 3. A brief perusal of the highly condensed summary below should ensure that you will at least in later chapters as necessary aspects of the Wave Principle. gold signals Summary of Additional Technical Aspects توصيات الفوركس Additional technical aspects of waves, which are discussed in detail from here through Chapter 2, are herewith stated as briefly as possible: Most motive waves take the form of an impulse, i.e., a five-wave pattern like those shown in Figures 1-1 through 1-4, in which subwave 4 does not overlap subwave 1, and subwave 3 is not the shortest subwave. Impulses are typically bound by parallel lines. One motive wave in an impulse, i.e., 1, 3 or 5, is typically extended, i.e., much longer than the other two. There is a rare motive variation called a diagonal, which is a wedge-shaped pattern that appears at the start (wave 1 or A) or the end (wave 5 or C) of a larger wave. Corrective waves have numerous variations. The main ones are named zigzag (which is the one shown in Figures 1-2, 1-3 and 1-4), flat and triangle (whose labels include D and E). These three simple corrective patterns can string together to form more complex corrections (the components of which are labeled W, X, Y and Z). In impulses, waves 2 and 4 nearly always alternate in form, where one correction is typically of the zigzag family and the other is not. Each wave exhibits characteristic volume behavior and a "personality" in terms of attendant momentum and investor sentiment. توصيات الفوركس General readers may now skip to Chapter 3. For those who want to learn the details, we will turn our attention to the specifics of wave form.
  12. Wave Function and Elliott Wave gold signals Every wave serves one of two functions: action or reaction. Specifically, a wave may either advance the cause of the wave of one larger degree or interrupt it. The function of a wave is determined by its relative direction. An actionary or trend wave is any wave that trends in the same direction as the wave of one larger degree of which it is a part. A reactionary or countertrend wave is any wave that trends in the direction opposite to that of the wave of one larger degree of which it is part. Actionary waves are labeled with odd numbers and letters (for example, 1, 3, 5, a and c in Figure 1-2). Reactionary waves are labeled with even numbers and letters (for example, 2, 4 and b in Figure 1-2). https://www.gold-pattern.com/en All reactionary waves develop in corrective mode. If all actionary waves developed in motive mode, then there would be no need for different terms. Indeed, most actionary waves do subdivide into five waves. However, as the following sections reveal, a few actionary waves develop in corrective mode, i.e., they subdivide into three waves or a variation thereof. A detailed knowledge of pattern construction is required in order to understand the distinction between actionary function and motive mode, which in the underlying model of Figures 1-1 through 1-4 are indistinct. A thorough understanding of the forms detailed later in this chapter will clarify why we have introduced these terms to the Elliott wave lexicon. توصيات الذهب Variations on the Basic Theme gold signals The Wave Principle would be simple to apply if the essential design described above were the complete description of market behavior. The real world, fortunately or unfortunately, is not so simple. While an idea such as cyclicality in markets or human experience implies precise repetition, the concept of waves allows for immense variability, which is in fact abundantly in evidence. The rest of this chapter fills out the description of how the market actually behaves. That is what Elliott set out to describe, and he succeeded in doing so. توصيات العملات There are a number of specific variations on the underlying theme, which Elliott meticulously described and illustrated. He also noted the important fact that each pattern has identifiable requirements as well as tendencies. From these observations, he was able to formulate numerous rules and guidelines for proper wave identification. A thorough knowledge of such details is necessary to understand what the market can do, and at least as important, what it does not do. توصيات الذهب Chapters 2 and 4 present a number of guidelines to proper wave interpretation. If you do not wish to become a market analyst or are concerned that you will become bogged down in technical detail, skim the next paragraph and then skip to Chapter 3. A brief perusal of the highly condensed summary below should ensure that you will at least in later chapters as necessary aspects of the Wave Principle. gold signals Summary of Additional Technical Aspects توصيات الفوركس Additional technical aspects of waves, which are discussed in detail from here through Chapter 2, are herewith stated as briefly as possible: Most motive waves take the form of an impulse, i.e., a five-wave pattern like those shown in Figures 1-1 through 1-4, in which subwave 4 does not overlap subwave 1, and subwave 3 is not the shortest subwave. Impulses are typically bound by parallel lines. One motive wave in an impulse, i.e., 1, 3 or 5, is typically extended, i.e., much longer than the other two. There is a rare motive variation called a diagonal, which is a wedge-shaped pattern that appears at the start (wave 1 or A) or the end (wave 5 or C) of a larger wave. Corrective waves have numerous variations. The main ones are named zigzag (which is the one shown in Figures 1-2, 1-3 and 1-4), flat and triangle (whose labels include D and E). These three simple corrective patterns can string together to form more complex corrections (the components of which are labeled W, X, Y and Z). In impulses, waves 2 and 4 nearly always alternate in form, where one correction is typically of the zigzag family and the other is not. Each wave exhibits characteristic volume behavior and a "personality" in terms of attendant momentum and investor sentiment. توصيات الفوركس General readers may now skip to Chapter 3. For those who want to learn the details, we will turn our attention to the specifics of wave form.
  13. Elliott Wave and Essential Design توصيات العملات Now observe that within the corrective pattern illustrated as wave ② in Figure 1-3, waves (A) and (C), which point downward, are each composed of five waves: 1, 2, 3, 4 and 5. Similarly, wave (B), which points upward, is composed of three waves: A, B and C. This construction discloses a crucial point: Motive waves do not always point upward, and corrective waves do not always point downward. The mode of a wave is determined not by its absolute direction but primarily by its relative direction. Aside from five specific exceptions, which will be discussed later in this chapter, waves divide in motive mode (five waves) when trending in the same direction as the wave of one larger degree of which it is a part, and in corrective mode (three waves or a variation) when trending in the opposite direction. Waves (A) and (C) are motive, trending in the same direction as wave ②. Wave (B) is corrective because it corrects wave (A) and is countertrend to wave ②. In summary, the essential underlying tendency of the Wave Principle is that action in the same direction as the one larger trend develops in five waves, while reaction against the one larger trend develops in three waves, at all degrees of trend. gold signals توصيات الذهب The phenomena of form, degree and relative direction are carried one step further in Figure 1-4. This illustration reflects the general principle that in any market cycle, waves will subdivide as shown in the table below. Number of Waves at Each Degree Motive + Corrective = Cycle (Impulse) (Zigzag) Largest waves 1 1 2 Largest subdivisions 5 3 8 Next subdivisions 21 13 34 Next subdivisions 89 55 144 gold signals As with Figures 1-2 and 1-3, this larger cycle in Figure 1-4 automatically becomes two subdivisions of the wave of next higher degree. As long as progress continues, the process of building to greater degrees continues. The reverse process of subdividing into lesser degrees apparently continues indefinitely as well. As far as we can determine, then, all waves both have and are component waves. gold signals Why 5-3?توصيات الذهب Elliott himself never speculated on why the market’s essential form is five waves to progress and three waves to regress. He simply noted that that was what was happening. Does the essential form have to be five waves and three waves? Think about it and you will realize that this is the minimum requirement for, and therefore the most efficient method of, achieving both fluctuation and progress in linear movement. One wave does not allow fluctuation. The fewest subdivisions to create fluctuation is three waves. Three waves (of unqualified size) in both directions would not allow progress. To progress in one direction despite periods of regress, movements in that direction must be at least five waves, simply to cover more ground than the intervening three waves. While there could be more waves than that, the most efficient form of punctuated progress is 5-3, and nature typically follows the most efficient path. Wave Degree: Notation and Nomenclature توصيات الذهب All waves may be categorized by relative size, or degree. The degree of a wave is determined by its size and position relative to component, adjacent and encompassing waves. Elliott named nine degrees of waves, from the smallest discernible on an hourly chart to the largest wave he could assume existed from the data then available. He chose the following terms for these degrees, from largest to smallest: Grand Supercycle, Supercycle, Cycle, Primary, Intermediate, Minor, Minute, Minuette, Subminuette. Cycle waves subdivide into Primary waves that subdivide into Intermediate waves that in turn subdivide into Minor waves, and so on. The specific terminology is not critical to the identification of degrees, although out of habit, today’s practitioners have become comfortable with Elliott’s nomenclature. gold signals توصيات الذهب When labeling waves on a graph, some scheme is necessary to differentiate the degrees of waves in the market’s progression. We have standardized a sequence of labels involving numbers and letters, as shown in the table below, which has several virtues heretofore lacking. The progression is infinite in both directions. It is based upon an easily memorized repetition. Motive waves are labeled with alternating sets of three Roman numerals followed by three Arabic numerals. The corrective-wave labels similarly alternate between three upper-case letters and three lower-case letters. Roman numerals always go with lower case letters, and Arabic numbers always go with upper case letters. Finally, all Roman numerals are lower case below Minor degree and upper case above Primary degree, so that a quick glance at a chart reveals some perspective on its time scale. (Several charts in this book deviate from this standard, as they were constructed prior to its adoption.) توصيات الفوركس We may also refer to waves by their degree number. A wave of Cycle degree is a wave of degree six. The largest degree in progress, dating from the Stone Age, is degree zero (Epochal degree), so these numbers should serve all analytical endeavors. The most desirable form for scientific work would be 11, 12, 13, 14, 15, etc., with subscripts denoting degree, but it is difficult to read a large number of such notations on a graph. The above standard provides for rapid visual orientation. It is important to understand that these names and labels refer to specifically identifiable degrees of waves. By using a nomenclature, an analyst can identify precisely the position of a wave in the overall progression of the stock market, much as longitude and latitude are used to identify a geographical location. To say, "The Dow Jones Industrial Average is in Minute wave ⓥ of Minor wave 1 of Intermediate wave (3) of Primary wave ⑤ of Cycle wave I of Supercycle wave (V) of the current Grand Supercycle" is to identify a specific point along the progression of market history. توصيات الفوركس All waves are of a specific degree. Yet it may be impossible to identify precisely the degree of developing waves, particularly subwaves at the start of a new wave. Degree is not based upon specific price or time lengths but upon form, which is a function of both price and time. Fortunately, the precise degree is usually irrelevant to successful forecasting since it is relative degree that matters most. To know a major advance is due is more important than its precise name. Later events always clarify degree. توصيات العملات More on https://www.gold-pattern.com/en
  14. Elliott Wave and Essential Design توصيات العملات Now observe that within the corrective pattern illustrated as wave ② in Figure 1-3, waves (A) and (C), which point downward, are each composed of five waves: 1, 2, 3, 4 and 5. Similarly, wave (B), which points upward, is composed of three waves: A, B and C. This construction discloses a crucial point: Motive waves do not always point upward, and corrective waves do not always point downward. The mode of a wave is determined not by its absolute direction but primarily by its relative direction. Aside from five specific exceptions, which will be discussed later in this chapter, waves divide in motive mode (five waves) when trending in the same direction as the wave of one larger degree of which it is a part, and in corrective mode (three waves or a variation) when trending in the opposite direction. Waves (A) and (C) are motive, trending in the same direction as wave ②. Wave (B) is corrective because it corrects wave (A) and is countertrend to wave ②. In summary, the essential underlying tendency of the Wave Principle is that action in the same direction as the one larger trend develops in five waves, while reaction against the one larger trend develops in three waves, at all degrees of trend. gold signals توصيات الذهب The phenomena of form, degree and relative direction are carried one step further in Figure 1-4. This illustration reflects the general principle that in any market cycle, waves will subdivide as shown in the table below. Number of Waves at Each Degree Motive + Corrective = Cycle (Impulse) (Zigzag) Largest waves 1 1 2 Largest subdivisions 5 3 8 Next subdivisions 21 13 34 Next subdivisions 89 55 144 gold signals As with Figures 1-2 and 1-3, this larger cycle in Figure 1-4 automatically becomes two subdivisions of the wave of next higher degree. As long as progress continues, the process of building to greater degrees continues. The reverse process of subdividing into lesser degrees apparently continues indefinitely as well. As far as we can determine, then, all waves both have and are component waves. gold signals Why 5-3?توصيات الذهب Elliott himself never speculated on why the market’s essential form is five waves to progress and three waves to regress. He simply noted that that was what was happening. Does the essential form have to be five waves and three waves? Think about it and you will realize that this is the minimum requirement for, and therefore the most efficient method of, achieving both fluctuation and progress in linear movement. One wave does not allow fluctuation. The fewest subdivisions to create fluctuation is three waves. Three waves (of unqualified size) in both directions would not allow progress. To progress in one direction despite periods of regress, movements in that direction must be at least five waves, simply to cover more ground than the intervening three waves. While there could be more waves than that, the most efficient form of punctuated progress is 5-3, and nature typically follows the most efficient path. Wave Degree: Notation and Nomenclature توصيات الذهب All waves may be categorized by relative size, or degree. The degree of a wave is determined by its size and position relative to component, adjacent and encompassing waves. Elliott named nine degrees of waves, from the smallest discernible on an hourly chart to the largest wave he could assume existed from the data then available. He chose the following terms for these degrees, from largest to smallest: Grand Supercycle, Supercycle, Cycle, Primary, Intermediate, Minor, Minute, Minuette, Subminuette. Cycle waves subdivide into Primary waves that subdivide into Intermediate waves that in turn subdivide into Minor waves, and so on. The specific terminology is not critical to the identification of degrees, although out of habit, today’s practitioners have become comfortable with Elliott’s nomenclature. gold signals توصيات الذهب When labeling waves on a graph, some scheme is necessary to differentiate the degrees of waves in the market’s progression. We have standardized a sequence of labels involving numbers and letters, as shown in the table below, which has several virtues heretofore lacking. The progression is infinite in both directions. It is based upon an easily memorized repetition. Motive waves are labeled with alternating sets of three Roman numerals followed by three Arabic numerals. The corrective-wave labels similarly alternate between three upper-case letters and three lower-case letters. Roman numerals always go with lower case letters, and Arabic numbers always go with upper case letters. Finally, all Roman numerals are lower case below Minor degree and upper case above Primary degree, so that a quick glance at a chart reveals some perspective on its time scale. (Several charts in this book deviate from this standard, as they were constructed prior to its adoption.) توصيات الفوركس We may also refer to waves by their degree number. A wave of Cycle degree is a wave of degree six. The largest degree in progress, dating from the Stone Age, is degree zero (Epochal degree), so these numbers should serve all analytical endeavors. The most desirable form for scientific work would be 11, 12, 13, 14, 15, etc., with subscripts denoting degree, but it is difficult to read a large number of such notations on a graph. The above standard provides for rapid visual orientation. It is important to understand that these names and labels refer to specifically identifiable degrees of waves. By using a nomenclature, an analyst can identify precisely the position of a wave in the overall progression of the stock market, much as longitude and latitude are used to identify a geographical location. To say, "The Dow Jones Industrial Average is in Minute wave ⓥ of Minor wave 1 of Intermediate wave (3) of Primary wave ⑤ of Cycle wave I of Supercycle wave (V) of the current Grand Supercycle" is to identify a specific point along the progression of market history. توصيات الفوركس All waves are of a specific degree. Yet it may be impossible to identify precisely the degree of developing waves, particularly subwaves at the start of a new wave. Degree is not based upon specific price or time lengths but upon form, which is a function of both price and time. Fortunately, the precise degree is usually irrelevant to successful forecasting since it is relative degree that matters most. To know a major advance is due is more important than its precise name. Later events always clarify degree. توصيات العملات More on https://www.gold-pattern.com/en
  15. evanpattern

    . Gold Signals and A single zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The subwave sequence is 5-3-5, and the top of wave B is noticeably lower than the start of wave A, as illustrated in Figures 1-22 and 1-23 In a bear market, a zigzag correction takes place in the opposite direction, and 1-25. For this reason, a zigzag in a bear market is often referred to as an inverted zigzag for generate sell Gold Signals . Occasionally zigzags will occur twice, or at most, three times in succession, particularly when the first zigzag falls short of a normal target. In these cases, each zigzag is separated by an intervening "three," producing what is called a double zigzag (see Figure 1-26) or triple zigzag and use to get Gold Signals and Forex Signals . These formations are analogous to the extension of an impulse wave but are less common. The correction in the Standard and Poor's 500 stock index from January 1977 to March 1978 (see Figure 1-27) can be labeled as a double zigzag, as can the correction in the Dow from July to October 1975 (see Figure 1-28). Within impulses, second waves frequently sport zigzags, while fourth waves rarely do R.N. Elliott's original labeling of double and triple zigzags and double and triple threes (see later section) was a quick shorthand. He denoted the intervening movements as wave X, so that double corrections were labeled A-B-C-X-A-B-C. Unfortunately, this notation improperly indicated the degree of the actionary subwaves of each simple pattern. They were labeled as being only one degree less than the entire correction when in fact, they are two degrees smaller. We have eliminated this problem by introducing a useful notational device: labeling the successive actionary components of double and triple corrections as waves W, Y, and Z, so that the entire pattern is counted "W-X-Y (-X-Z)." The letter "W" now denotes the first corrective pattern in a double or triple correction, Y the second, and Z the third of a triple. Each subwave thereof (A, B or C, as well as D or E of a triangle — see later section) is now properly seen as two degrees smaller than the entire correction. Each wave X is a reactionary wave and thus always a corrective wave, typically another zigzag.
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