Wave Analysis — Education — TradingView (2024)

A simple guide to creating a solid portfolio.

NAS100

, 240Education

thesharkkeModUpdated

Hello,Creating a solid portfolio can be a tough task for most investors. Understanding easy ways of beginning that journey can greatly improve your performance as an investor & greatly amplify your results.The times of just buying the S&P and waiting for your money to keep growing is long gone & active investing can widen the gap between yourself and the...

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Wave Analysis

Wave analysis is based on the notion that markets follow specific patterns called waves which are the result of a natural rhythm of crowd psychology that exists in all markets. There are several advanced wave theories. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves. NeoWave theory is an expansion of Elliott Wave concepts, with the goal to reduce subjectivity.

Wolfe wave patterns contain 5 waves where the first 4 define a wedge and the last extends beyond this wedge. This last wave is usually traded and its length can be predicted based on prior waves. The Kondratieff Wave, also known as K-wave or long wave, is a cycle-like phenomenon affecting all markets. These waves can last between 45 to 60 years. TradingView has several smart Elliott Wave drawing tools that allow users to identify impulse and correction waves on the charts and label them in any of 15 degrees.

Bitcoin REALISM

BTCUSD

, 1WEducation

Mayfair_Ventures

I am definitely not going to win any popularity competitions with my comments and thoughts. But that's not the point when it comes to making money. The main issue for me still in Crypto Land is the lack of realism. The image on the front cover was from a google search of "realism" I guess the confused face made my day. This is exactly how you need to be looking...

837

74

Elliott Waves: Natural Gas case study

NG1!

, 1WEducation

11:17

RK_Charts

Overview: Since the significant bottom in June 2020, Natural Gas embarked on a compelling journey, forming a fresh impulse that concluded around the highs of August 2022 as Wave I in the Cycle Degree. The subsequent phase witnessed a corrective move, labeled as Wave II on the weekly timeframe, comprising three subdivisions: ((A)), ((B)), and ((C)). The current...

43

20

How to Analyze Daily Time Frame on Gold. 5 Important Things

XAUUSD

, 1DEducation

VasilyTrader

There are 5 important things that you should analyze on Gold on a daily time frame to accurately predict long term, midterm and short term movements.In this article, I will share with you a step-by-step guide for daily time frame analysis that you can apply on Gold or any other financial instrument. 1 - Identify the market trend When you analyze a...

IBM

, 2WEducation

thesharkkeMod

Hello,If you're here, you've likely encountered the timeless advice of "buying at the bottom and selling at the top " is an advice you must have heard by now. However, executing this is one of the most difficult things for most people to do. This is majorly because most people cannot tell where the stock is at during any particular point in time.Fundamentals...

7

3

Trading a Symmetrical Triangle with Traffic Light System

BTCUSD

, 240Education

SmartMoneyDayTradingUpdated

Trading a Symmetrical Triangle with Traffic Light System: Identifying, Trading Fakeouts, and Ensuring a consistent profitable Positive Expectancy Identify the Symmetrical Triangle: Locate the symmetrical triangle pattern on the chart, formed by converging trendlines with symmetry. Implemention of TLS: Green Light (Action): Observe...

8

3

SCOM

, 2WEducation

thesharkkeMod

Hello,Price action is a vital aspect of trading, and analyzing candlestick patterns is key to understanding market dynamics. The size of candles, representing the range between opening and closing prices, is crucial for traders. Large candles signal strong momentum and potential trends, while smaller candles suggest indecision or lack of clear direction. Traders...

361

5

DON't USE TRENDLINE FOR TRADES

BAKEUSDT

, 60Education

pichilotrades

Hello guys. I want to tell sm about trendlines and their lacks. As you know every trader has a personal thoughts about markets and strategies. So also about drawing TRENDLINES. This varietion Causes false signals for trading + smart money knows that retail traders what doing in charts. Based on this you can see various false signal when using trendlines. I...

4

2

How did the price of gold change from 1970 to 2023?

XAUUSD

, 1MEducation

SroshMayiUpdated

Hello everyone How did the price of gold change from 1970 to 2023?And the events that affected himThe price of gold has continued to rise over the past five decades, from an average of $36 in 1970 to $2,080 in 2023.Despite gold's status as a long-term investment commodity, its value has declined several times. The periods of highs and lows coincided with...

986

72

Algorithmic Identification and Classification of Chart Patterns

US100

, 1DEducation

TrendoscopeWizardUpdated

Welcome to the world of technical analysis, where chart patterns play a pivotal role in shaping trading strategies. This is an ultimate guide designed to help users objectively identify the existence of patterns, define the characteristics and classify them. In this discussion, we will mainly concentrate on the patterns formed by trend line pairs. This includes...

1527

40

My view after two years (Sharp correction pattern)

XAUUSD

, 1WEducation

mehdi47abbasi79

Hi there,I wanted to share my thoughts on Sharp's corrective pattern with you. I have been studying this pattern for about two years now and it follows three basic rules. The pattern consists of five waves that are similar to the impulse pattern. Based on my personal experience, this pattern can also be labeled as a triple zigzag (W-X-Y-X-Z).While analyzing...

9

How to Trade Broadening Formations.

BTCUSD

, 1DEducation

VincePrinceUpdated

________________________________________________________________________________________________________________________________________ Hello traders investors and community. Today I show some important trading formations which can help to identify a profitable trading entry in the markets. These types are when confirmed highly probable trading set-ups to open...

228

13

silver Elliot wave setup date 04/03/2024

SILVER1!

, 1DEducation

sandeep78900

silver Elliot wave setup shared , wave count with possibilities of wave 5 materialization.

3

Market Structure: Seeing In Swings

CMA

, 1DEducation

19:13

ShaneBlankenshipUpdated

Market Structure is simply making distinctions in price flow. its putting structure around what looks like chaos so that we have a way to measure and orient ourselves to any market in any timeframe. When I look at a market, I want to see objectively in swings. Swings are the common thread that weaves through all markets and timeframes, providing a clear...

8

2

Education: Riding the UNI wave to completion

UNIUSDT

, 1DEducation

bitdoctor

In the world of crypto, altcoins like UNI offer amazing opportunities and lessons in market dynamics. For novice investors, understanding these dynamics can be a stepping stone to successful investing. Let’s look into the case of UNI and what its recent market movements can teach us. Understanding UNI and Its Market Significance UNI is the native token of...

3

A B C WAVE BULL RUN

BTCUSD

, 240Education

walkndeadbigfoot

I am looking at this unfolding. An A,B,C wave up. Most of the people commenting we are going down are trolls or uneducated. Just look at where we came from not to long ago at 13k so how is 40k a bear run, LOL. It is important to understand that reading different time charts is required to understand where we are going with price action. to find out where we are...

2

CONTRACTING TRIANGLE

HFCL

, 1WEducation

Elliottbaba

a-Usually happens in wave B or wave 4b-Wave D in triangle itselfc-If in second then 2 will be zigzag and this will happen in B of zigzagd- X wave of Double Three correction and XX wave of Tripple Threee- XX wave of Double Zigzag correction f-Wave D in triangle itselfSubdivided into three (3-3-3-3-3)Subdivision of ABCDE can be either ABC, wxy, or flat

9

Wyckoff Optimism-Pessimism Index Discussion on Bitcoin

BTCUSDT

, 1DEducation

02:13

WyckoffStockMarketInstitute

We show why our proprietary indicator is much better than a normal On Balance Volume indicator, by showing three recent chart points where our indicator warned you of an possible trade, where as the On Balance Volume did not.We are launching a suite of Wyckoff indicators here on TradingView in the coming days that will be Invite-Only but very affordable.

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Wave Analysis — Education — TradingView (2024)

FAQs

Does TradingView have Elliott Wave? ›

The ability to easily see Highs and Lows and its simple customisability makes the ZigZag++ Indicator one of the top 5 Elliott Wave indicators in TradingView.

How do you study Elliott Wave? ›

The Elliott wave rules are that markets move in eight waves – five that move in line with the major trend overall, and three that move against it overall. Each wave is a move in the opposite direction to the one that preceded it, and the retracements within a phase cannot be bigger than the waves before them.

Is there any indicator for Elliott Wave? ›

Best Elliott Wave Indicators #4 – Elliot Wave Counter

The Elliotwave counter indicator is a popular trading view tool which helps traders in wave counting. This indicator identifies and counts waves in real time by analysing the price data which helps traders to identify potential entry or exit opportunities.

What are the top 3 TradingView indicators? ›

Best TradingView Indicators
  1. Best TradingView Indicators: Volume Profile HD. The Volume Profile HD indicator is a critical tool for visualizing trading activity in the futures market. ...
  2. Best TradingView Indicators: Supertrend Indicator. ...
  3. Best TradingView Indicators: RSI. ...
  4. Best TradingView Indicators: Bollinger Bands.
Feb 8, 2024

What is the most accurate indicator TradingView for buy and sell? ›

Indicators, Strategies and Libraries
  • IchimokuBuy Sell With Stoch RSI. therangerhood Oct 10, 2023. ...
  • Parabolic SAR + EMA 200 + MACD Signals. ...
  • B/S Volume with Timeframe Input. ...
  • VWAP + 2 Moving Averages + RSI + Buy and Sell. ...
  • Ema Scalp. ...
  • Buy Sell Calendar [LuxAlgo] ...
  • Rotational Gravity Oscillator. ...
  • Ma Pullback.

What is the best indicator to use with Elliott Wave? ›

Award-winning analyst Chris Carolan teaches you how to use his favorite three key technical indicators to spot trends and confirm your Elliott wave analysis — Relative Strength Index (RSI), Jurik RSX and Keltner channels.

What is the best trading platform for Elliott Wave? ›

MotiveWave has the most advanced Elliott Wave Software and Elliott Wave Tools available, and saves you an amazing amount of time in your Elliott Wave Analysis: All Elliott Wave Patterns and Degrees are supported.

How accurate is Elliott Wave analysis? ›

The Elliott wave principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations.

Is Elliot Wave hard to learn? ›

According to the Elliott Wave theory, there are 11 patterns and there are certain rules and guidelines which needs to be strictly followed to find and mark those patterns on the chart. It is very difficult to observe those patterns with your naked eyes.

What are the Fibonacci levels of the Elliott Wave? ›

Usually, a correction tests one of the Fibonacci levels of the previous wave. The most common levels are 0.236, 0.382, 0.5, 0.618, 0.786. The last one is √0.618, which quite often turns out to be a useful level.

How to spot Elliott Wave signals in trading? ›

Correctly identify Elliott Waves

For instance, one of the observations in our earlier illustrations involving Motive Waves is that the movement forms a system of higher highs and higher lows. If you find Wave 2 (corrective) has a bottom lower than Wave 1 (Impulse), it signals something is wrong.

How do you use Fibonacci with Elliott Wave? ›

What is the relation between Fibonacci Ratio and Elliott Wave Theory?
  1. Wave 2 is typically 50%, 61.8%, 78.6%, or 88.2% of wave 1.
  2. Wave 3 is typically 161.8% of wave 1.
  3. Wave 4 is typically 14.6%, 23.6%, or 38.2% of wave 3.
  4. Wave 5 is typically inverse 1.236 – 1.618% of wave 4, equal to wave 1 or 61.8% of wave 1+3.

Which trading indicator has the highest accuracy? ›

Which is one of the most accurate trading indicators? The most accurate for trading is the Relative Strength Index. It is considered one of the best momentum indicators for intraday trading. It helps investors identify the shares which are bought and sold in the market.

What is the Elliott Wave indicator in TradingView? ›

The Elliott Wave indicator allows users to detect Elliott Wave (EW) impulses as well as corrective segments automatically on the chart. These are detected and displayed serially, allowing users to keep track of the evolution of an impulse or corrective wave.

What are the leading indicator in TradingView? ›

The leading indicator is helpful to identify early entries and exits (especially near support and resistance). Green = trend up Red = trend down How it works: The leading indicator calculates the difference between price and an exponential moving average.

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