Elliott Wave Quick Cheat Sheet
ru.tradingview.comElliott Wave Quick Cheat Sheet Note that I post a quick guide for beginners. I was struggled as a beginner but thanks to my mentor. (I post a quick guide here as sometimes I need to peek as for my cheat sheet) By now we all have learned patterns like Head and Shoulders , Wedge , Triangle, Double top , Double bottom , Pennant (literally a triangle or diagonal), bear/ bull flag .
Until I discovered Elliott Wave , it answered why we have these patterns but there are 5 core patterns of EW: Impulse, Flat, Diagonal, Zigzag and Triangle.
I think Elliott Wave patterns are more advanced because you can see the whole picture even 200 years old chart of SPX . What is Elliott Wave Theory?
Found by Ralph Nelson Elliott in the 1930s. "is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology and price levels, such as highs and lows, by looking for patterns in prices." - Wikipedia [When analyzing the market, we need to understand what direction of the market is going.
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