Moneycontrol offers you a choice of email alerts on your investments for FREE! INTRODUCTION TO THE WAVE PRINCIPLE. The Wave Principle, often referred to as Elliott Wave is a unique methodology that applies Natures Laws, those encompassing the Natural Sciences and Universal Geometric Philosophies to the financial markets.
So much to learn there". The Wave Principle, often referred to as Elliott Wave is a unique methodology that applies Natures Laws, those encompassing the Natural Sciences and Universal Geometric Philosophies to the financial markets. It allows us to view price fluctuations as an organised process that can be non-linearly extrapolated to gain a glimpse into the future direction of trends, counter-trends and amplitudes on any market or contract traded around the world.
Elliott's original treatise of "The Wave Principle ", he introduces us to diagonal patterns for the first time on page Under the heading, Triangles, Elliott describes the difference between horizontal triangles that represent hesitation within an ongoing, progressive trend and diagonal triangles that form the concluding 5th wave of a larger five wave sequence.
Peter Goodburn will be presenting his latest Elliott Wave analysis at the 12th Trader Expo held online for 7 weeks starting on 12th November and ending in the new year on 6th January Read more on our Blog. Contacting payment server, please wait Commodities 5th January - Precious metals have traded strongly higher through December which also resumed into these past few days to kick off the New Year.
Tradersworld Online Expo 12 — Starts 12th November Peter Goodburn will be presenting his latest Elliott Wave analysis at the 12th Trader Expo held online for 7 weeks starting on 12th November and ending in the new year on 6th January And today on the retest of side-wards support, there was yet another green candle showing continued enthusiasm to stay above the side-wards support line. Despite the nice green candle on Bitcoin is nicely below the support at this point and it needs to be accepted that price would have to make a significant effort with a lot of bulls to break above the horizontal support zone once again As well as long term side-wards resistance Price has 2 possibilities.
It'll either come back up from current levels and retest the side-wards Bitcoin broke the horizontal support level Unfortunately so we need a contingency plan to protect capital. Now price is below this level there is a danger that price will retest the horizontal support zone as a new resistance.
If this happens, we could get some considerable downside from here on. If price breaks up again, it will need to retest the transition Price approaching side-wards support now, let's see it it bounces! Where do YOU think price is headed? Leave a comment with a chart and let's share our thoughts! I never ask anything from my supporters, but I do have a small favour to ask of you guys Been trying my best to keep a good eye on Bitcoin despite unpredictable levels, as well as flying last 2 days and using plane WIFI!
Ah well, despite, the perks of business class. Due to high demand, and the fact no ones really posting on this one, I've decided to give it a shot. XRP currently sits nicely above the 20, 50, and major moving average All in systematic order I might add suggesting the trend is actually pretty healthy.
As it stands, price had a nice green candle off of the side-wards support a while back, and since then This analysis very much attaches itself to the analysis I posted yesterday, and could be considered a part 2. See related ideas below for more information regarding this analysis.
Yesterday I discussed 2 nice levels where we could look for a long opportunity. The first of which, seems to to have failed to ultimately hold it's own and price did go below it. Bangladesh to cultivate more effective ties with India, China: New Foreign Minister January 08, View More World News. Lok Sabha passes reservation Bill January 08, View More Politics News. Around the world with Narendra Modi: PM's foreign trips cost exchequer Rs 1,cr. Employees in Mumbai work the longest hours, take least vacation days: How big data is changing the world.
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As it stands, price had a nice green candle off of the side-wards support a while back, and since then
I stand by this analysis which I went into great detail with in my previous analysis See related ideas below the idea for more information and now we're looking