Elliott Wave Tutorial Video #2: Zig Zag and Flat Corrections, How to Recognize and Label Corrective Waves
This tutorial video reviews in detail the Zig Zag and Flat Elliott Wave corrections. It takes you through the basics of each corrective wave type's composition and application. Real charts are used for didactic purposes. I recommend viewing this with a paper and pencil for notes and repetitively. Enjoy!
Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial
Laddering and Buy/Sell Setups.
Tutorial on the use of Fibonacci & Elliott Waves
These Technical Analysis Books: Elliott Wave Priniciple & Technical Analysis of Stock Trends are highly recommended
--
--
If this blog post has entertained or helped you to profit, please follow, upvote, resteem and/or consider buying me a beer:
BTS Wallet - d2e60e9856c36f34
BTC Wallet - 15ugC4U4k3qsxEXT5YF7ukz3pjtnw2im8B
ETH Wallet - 0x1Ab87962dD59BBfFe33819772C950F0B38554030
LTC Wallet - LefeWrQXumis3MzrsvxHWzpNBAAFDQbB66
Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**
Any chance of a quick update on EOS if you have a minute haejin?
You nailed the yellow wave 3 in your last post and we are working on wave 4 now. The A wave is clearly 3 waves and I have identified a few possible paths for the B /C waves, I'd be very curious to see how you count it and compare.
If you don't believe fundamentals drive price, what do you think caused Bitconnect price to shoot to the ground?
You're a true professor Haejin, I just purchased EW principal book to become more detail oriented.
Your bcash posts were so on point too! I wonder if you've sold yet 😏.
I wish you MASSIVE profits!
How is this for a first attempt at EW, @haejin? https://www.coinigy.com/s/i/5a49b0b2e47d0/ thanks. I'm learning quickly with your updates.
Haejin you are great thank you for this beautiful tutorials
Great series thank you @Haejin
still processing, itll be up soon hopefully
done
Seems complex. I just got into chart reading recently and id like to try all the tools used to maximize my growth and profits. This might be something i check out when im more experienced, good insights tho!
Getting the book Elliott Principles would help immensely:
https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition
Please save yourself a lot a time and start with Haejin and the books he recommends on Elliott Waves and Pattern Recognition. Go back to earlier videos. They start off very simply, and progress in complexity. There is a wealth of information here, not to mention the massive profits.
Overlap unless it morphs into a diagonal.
I THINK its morphing into a triangle... is that what you meant?
Something like this
Yes
Practice forward discerning probable patterns..
yes sir
Well Done!
if an elliot wave pattern fails do you look for other patterns? like look to see if it is just forming a wedge, sym triangle etc and move on with the ta? What is your thought process when an elliot wave pattern fails for what ever reason (i.e. 3rd wave shortest, 4th wave crosses top of 1st)
Since EW is a probabilistic method, if you primary count is incorrect, then one of your alternates will be. That's why an Elliotician is rarely surprised
Wave 4 cannot overlap with wave 1.
just watched the entire thing and damn what was good! thank you very much for all of this Haejin. this is great! your videos explain this stuff very well. im getting the hang of it
Your charts with counts show it!
thank you, good job.