modern Elliott Wave Traders (MEWT) ️
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Why modern Elliott Waves

We have a different approach to the Elliott Wave Forecasting technique that is unique and simple to an otherwise complex system.

 

Wave theory is an intuitive theory and does not require mathematical or scientific background.
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modern Elliott Wave Traders (MEWT) ️
Bitcoin  Daily chart💥💥💥🌪🌪 now price is moving up bullish sequence, expecting five wave up 🚀🚀🙏💥🔥❤️💫💰
Bitcoin  Daily chart💥💥💥🌪🌪 now price is moving up bullish sequence, expecting five wave up 🚀🚀🙏💥🔥❤️💫💰


Free chart updates shared💰💰💥❤️💫
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Educational post🙏


The Elliott wave principle states that markets grow from small price movements by linking Elliot wave patterns to form larger five-wave and three-wave structures that exhibit self-similarity, applicable on all timescales. Each level of such timescales is called the degree of the wave, or price pattern. 📝📝📝📝
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#usdcad 4hr chart 🙏 seems price is moving down
Forwarded from Counselling room VVIP (MEWT) 💰💰💰💰🚀🚀
Sell  now usdcad @1.40660

Sl: 1.41320


Tp1, 1.39500

Tp2,, 1.38600

Tp3,,,1.378000




Use proper risk managment ( maxim risk 1% of capital )
Forwarded from Counselling room VVIP (MEWT) 💰💰💰💰🚀🚀
#gbpusd 4hr chart zigzag pattern , we will be looking for selling this week to the fibozone ❤️
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Sell  now gbpusd   @1.35065

Sl :1.35576

Tp1 : 1.34600

Tp2: 1.34000

Use proper risk management ( maximum risk 1% of your capital)
modern Elliott Wave Traders (MEWT) ️
Elliott Wave Zig Zag Pattern - A-B-C Corrective Structure 1. ZigZag Structure: A-B-C As shown in your image: - Wave A = 5 waves: Sharp move down. This starts the correction - Wave B = 3 waves: Small bounce up a-b-c. It looks like the trend is coming back…
#gbpusd 4hr chart 💥🔥🔥❤️💫💰🚀🔥❤️💫💫

Elliott Wave Zig Zag Pattern - A-B-C Corrective Structure

1. ZigZag Structure: A-B-C
As shown in your image:

- Wave A = 5 waves: Sharp move down. This starts the correction

- Wave B = 3 waves: Small bounce up a-b-c. It looks like the trend is coming back, but it’s a trap

- Wave C = 5 waves: Sharp move down again and breaks below the end of A. This is where the correction ends

That’s why it’s called a 5-3-5 structure

2. The 3 Key ZigZag Rules

On the right side of the image:
1.  B cannot move beyond the start of A - If it does, it’s not a ZigZag
2.  Wave C ends beyond the end of wave A - C must make a new low below A
3.  Overall structure: 5-3-5

3. What it means for trading*
Look at the bottom of the image: BUY DIRECTION


Meaning: Once C finishes and price starts moving up, the main trend resumes. That’s the best place to enter a BUY trade.

Pro Tip: Most traders get trapped in Wave B. It looks like the trend is reversing, but then Wave C comes and makes a lower low.
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@Modernwaves
modern Elliott Waves Analysis with invalidation level and future target 🏌‍♂

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#usdcad 🔥🔥💰🚀💥🔥❤️
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