long xauusdso when 1225 break out it just run 100PIP and today it doesn't going down
first long at 1224 sl 1220 tl 1236
second long at 1224 sl 1214 tl 1260
The gold doesn't go to 1188 it seems unreasonable in my system
When 1225 break out in 4h chart it confirm 1295 -1214 was over.
I respect the market ,market always is right
Elliottwaveretracement
[EW COURSE] LEANDING DIAGONAL TRIANGLESThe diagonal triangle is a particular type of wave composed of Five minor movements that move within two trendlines, both ascending (or descending), converging in the direction of main trend.
Diagonal triangles substitute for impulses at specific locations in the wave structure. They are the only five-wave structures in the direction of the main trend within which Wave 4 almost always moves into the price territory of (i.e., overlaps) Wave 1.
This pattern we like very much!! ...and we use it on 30' and H1 TF.
Thank you very much for your support, and we hope this analysis can help you in your Trading Plan!!
...support us with your "ILIKE"!! Happy Trading!!
[EW COURSE] RATIO ANALYSIS (impulsive)Sequence of Impulsive Waves (12345 bullish). These are 8 Fibo/Ratio we use in our analysis/setup.
From a technical point of view (guidelines), traders try to:
=> take Long Position on Wave 2 (38%/61.8% W1)
=> and Stop below Wave 1 (close bar)
=> take Long Position on Wave 4 (38%/50% W3)
=> and Stop below Point 1 (close bar)
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GLOSSARY
[EW COURSE] GLOSSARYStarting this week, we will begin the Elliott's Basic Course. Our main goal is to understand the strategy, and how it can adapt to every Trader Profile. To do this, we will not need to explain any "under-wave" detail, but we will need to understand support levels and target waves, for our Trading Plan (setup).
Before you start, this "glossary" will be useful throughout our journey.
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