Flashcards
Untitled
Cards in this deck (10)
- 1What are Financial Market Behavior Characteristics?Emotional (Unconscious)
Subjective
Impulsive
Ignorance and Uncertainty
Herding
Values Cannot Revert To Anything - 2The Basic Pattern
- 3Motive Wave - Phase
- 4Corrective waves
- 5Wave Subdivision
- 63 key reasons why Wave Principle is so important1) Helps to predict market direction
2) Identify turning Points in Markets
3) Provide Guidance for Entering and Exiting Positions for traders and investors - 7MOTIVE WAVES Key Characteristics- Five-wave structures, numbered 1-5
- In the direction of the main trend of one larger degree
- Wave 2 cannot retrace more than 100% of wave 1
- Wave 3 can never be the shortest and is often the
longest - 8MOTIVE WAVES Two types of Structures- Impulse Waves
1. Extensions
2. Truncations
- Diagonal Triangles - 9Impulse Waves Key Characteristics- Wave 4 never enters the price territory of wave 1.
- Actionary waves 1, 3 and 5 are motive waves.
- Wave 3 is always an impulse wave. - 10EXTENSIONS Key Characteristic- Elongated impulse wave
- Appears in either wave 1, 3 or 5
- Often seen in wave 3 for the stock market
- Often seen in wave 5 in commodities
Information
- Description
- trade Ewave Flashcards on Untitled, created by Ilja Bašlajev on 16/12/2022.
- Created by
- Ilja Bašlajev · Dec 2022
- Updated
- Dec 16, 2022
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