Elliott Wave Count
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@ElliottWave Trader & Analyst

I'm 31 years old and 14 out of into trading. In this channel I broadcast my Elliott Wave Analysis and trade setups.

πŸ₯‡Top 1 community of Wave Traders.

Founder: @WaveCount

Website: https://taplink.cc/elliottwavecount
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I have drawn trend lines between the last 3 waves and I see that they are between parallel lines. Very often this indicates that the wave structure is πŸ‘‰ corrective πŸ‘ˆ

☝ In favor of this idea, at point C I see a strong impulse up (wave 1) and a correction (wave 2).

This view of the market allows me to remain bullish πŸ’Ή

βœ… Get my trading plan with key levels: confirmation, invalidation and target.
Elliott Wave Count
I have drawn trend lines between the last 3 waves and I see that they are between parallel lines. Very often this indicates that the wave structure is πŸ‘‰ corrective πŸ‘ˆ ☝ In favor of this idea, at point C I see a strong impulse up (wave 1) and a correction (wave…
πŸ’ͺ Easily made 70 pips on yesterday's idea πŸ˜ŽπŸ™Œ

πŸ“ˆ Now I'm closely watching the market reaction on the trend line. I really want the market to break it and be able to continue growing.

❀️ Please support this post with a like.
It is really important for me to show you the effectiveness of wave analysis. It will change your trading for the better βœ…

Good luck everyone and let's trade waves together! This is love!

βœ… Get my trading plan with key levels: confirmation, invalidation and target.
🩢 The diagonal was not perfect, but the current wave pattern is quite standard and clear to any experienced wave analyst πŸ”Ž

πŸ…±οΈ And having made wave B, there was no doubt that there will be at least one more wave of growth πŸ’―

My team was ready for this scenario on Monday, May 6.

πŸ”₯ Go premium
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Which Fibo level do you think Gold will reach?
Anonymous Poll
7%
38.2%
20%
50%
61%
61.8%
12%
100%
This post will not be about the fact that yesterday I told you exactly what gold would do. Yes, I can analyze the markets, you already know that πŸ™Œ

πŸ”₯ Here is another important idea: there are situations on the charts when it is not clear what will happen - at this time inexperienced traders trade and lose money. They are trying to prove their expertise to the market 😁

And there are situations when it is super clear what will happen 🀌 That's what happened yesterday. This is the time when experienced traders trade. They don't prove anything to anyone πŸ™Œ They're making money 😎

😍 My point is that you should focus on patterns when it's super clear. That's the way to make money πŸ’°

πŸ‘‰ Follow me if you like the way I think and plan to learn how to analyze the markets better than me!
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I'm a big fan of trading triangles πŸ˜πŸ”Ί

πŸ‘† You can often recognize them around the middle of a pattern. This allows you to prepare in advance, without stress.

πŸ“Ά After triangles, you can expect a strong move in the direction of the previous trend.

πŸ†‘ In a contracting triangle the stop is always limited by the structure, which means that your risk is clear and limited, which is very important for money management πŸ‘‘

πŸ† Risk reward is usually more than 1/3.

❓ In which direction do you think this triangle will open next week?
πŸ‘‚βœοΈ I will be happy to hear your opinion.
πŸŒοΈβ€β™‚οΈ There is a basic pattern underlying the bullish moves.

Wave 2 = 50 - 61.8% of Wave 1
Wave 3 = 161.8% or 261.8% of Wave 1
Wave 4 = 38.2% of Wave 3
Wave 5 = Wave 1

These are not rules, but the most likely goals that allow us to set profit or define price zones for the next reversal.
Today I want to congratulate you! Not all of you, but only 60% 😁😁

πŸ† 60% of my followers gave the correct opinion about what level gold will reach πŸ†

πŸ˜‡ This shows that I was able to gather really smart and experienced traders around me, since most of them predicted exactly what the market did βœ…

That's awesome and incredible. Really! Very valuable!!!

πŸ˜ŽπŸ‘† This might even be my new trading strategy. Asking you and I know most of you know what's coming! 😁

As you can see, technical analysis can identify key points WITHOUT reading the news.

πŸ”‘ Learn to work the charts, price already knows everything!

πŸ•ΊπŸ˜Š You and I will never have access to insider information, but you will always have access to charts and prices.

Insiders always influence the price, you just need to see it and join in on time. Wave analysis works great for this!
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I'll explain what's going on with the markets and why you may be having a hard time trading lately.

We see triangles forming in all major markets. There are 5 tops in a triangle, so we see frequent changes of direction and no clear trend.

πŸ’š I want to support you today and tell you that everything is fine. The thing is that the task of the triangle pattern is to create stress and a lot of liquidity in the market.

πŸ‘† Your task is not to lose confidence in yourself and continue to look at the market as objectively as possible. I show you these triangles so that you can see more clearly what is going on, and the market is not chaos.

Elliott Waves help me to work with the market in different conditions. And once you've recognized a pattern, then you're the boss.
Friends, now we'll have to think a little bit and absorb what I'm going to tell you.

On March 21, I showed you a setup on which I made a lot of money. It was a Long idea on USD/JPY. Read this post and watch the video.

During the next month we made about 650-750 pips. I have been posting the result of this trade.


Why I am saying this. I have another similar long term idea with the same profit potential. And of course I will share it with you soon ❀️
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I'm setting myself up for an important trading week. The Dollar Index is at the lower boundary of an uptrend. This is an important point ☝

😎 And the market is serious. The dollar has to decide where to go next πŸ€‘

If we hold the uptrend, we have good upside potential.

If the market falls under the uptrend, then there is no support there and the market will fly down rapidly.

🫰 Either way I will be monetizing this structure over the next couple of weeks. very comfortable situation, the market is preparing a gift for us
πŸ‹οΈ Trading is hard. Shitty jobs are harder. Agree?

πŸ’™ Don't miss the next wave!
❀️ Drop a like

✊ Join my team to take advantage of the next trading opportunity while the market is in a correction.
βœ… Yes, a correction is the best time to prepare for the next impulse.
This is my current view of the #Gold market.

πŸ’° Forex, Gold, Crypto
πŸ‘‘πŸŒ The main Forex market of the planet forms a large triangle. I think the market will stay within the boundaries of this triangle for about a month.

And I ask you not to hurry with conclusion that the triangle is bullish. I'm considering different options, including the fact that this triangle is a part of correction. Do not hurry, THINK.
One of our trades has a profit potential of 2500 pips, and you can still participate.
Elliott Wave Count
USD/CAD - Video
I did the videos for #USDCAD, I will post the picture here too. This idea will bring me 500-700 pips.
There are different ways to determine a future reversal

😍 My favorite method is wave counting. I know how to count waves and have devoted more than 10 years to it πŸ™Œ

πŸ“š According to the theory, when we see 5 waves, it means that the current cycle is over and there will be a correction (reversal), because no trend lasts forever ✍️

✌️ 2 days ago I told you that we see a clear structure in gold, and I counted 5 waves for you as detailed as possible with sub-waves of less degree.

🀌 As you can see, to be one step ahead of the market, all you need to do is count to 5. You have 5 fingers, so counting to 5 is enough, you don't even need a second hand 😁

πŸ’Ž Of course, my team and I took advantage of that, that was money on the table.

I congratulate everyone who took advantage of my idea!
You could either close long trades and take profits or open short trades.

πŸ¦‰ Either way, it's more useful to know what the market is doing than to trade blindly without a wave count.
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Forwarded from Elliott Wave Crypto
Do not rush to sell, wait for a clear breakdown!