Post by zzamand56 on Mar 12, 2024 3:14:13 GMT -6
Robert Prechter's wave theory. Part 4. Additional Guidelines. twenty Aug. 2020 18:45 In this article we will analyze: Individuality of Elliott waves according to Prechter. Psychology of the formation of the corrective structure. Additional signs indicating the current position in the structure. Additional Guidelines Individuality of Elliott waves according to Prechter. Psychology of the formation of the corrective structure. Additional signs indicating the current position in the structure. Dear readers, Today we will complete the study of the psychology of wave structure construction by Ralph Elliott (played by Robert Prechter), analyzing the behavior of market participants during corrective waves, as well as in detail the characteristics of the wave data structure and we will also learn about additional instructions for determining the wave structure at the moment.
If you have not yet read my previous articles dedicated to wave theory, I recommend viewing the following articles: Wave theory according to Bill Williams ( part 1 and part 2 ) Wave theory according to Robert Prechter ( part 1 , part 2 and part 3 ) Individuality of corrective waves Well, as in the previous article, I will start with the general characteristics of corrective waves on the example of a Belize Mobile Number List simple zigzag: Vertex (the beginning of wave A). At high levels, the end of the fifth wave is characterized by overconfidence and high expectations of further growth. Many traders believe that growth will continue for a long time.
At intermediate levels, traders are also very fervent, counting on the continuation of positive trends. At lower levels, the end of the fifth wave is usually accompanied by "good news." Technical Retracement (Wave A) This is not a fundamental decline. Sometimes it can be strong, especially if the fifth wave featured intense price changes. At this time, experienced traders are already considering opening long positions, and weak holders expect the previous trend to continue. Limited emotional growth (wave B). It is the expression of the sentiment of the majority. It is usually technically weak and does not last long.
If you have not yet read my previous articles dedicated to wave theory, I recommend viewing the following articles: Wave theory according to Bill Williams ( part 1 and part 2 ) Wave theory according to Robert Prechter ( part 1 , part 2 and part 3 ) Individuality of corrective waves Well, as in the previous article, I will start with the general characteristics of corrective waves on the example of a Belize Mobile Number List simple zigzag: Vertex (the beginning of wave A). At high levels, the end of the fifth wave is characterized by overconfidence and high expectations of further growth. Many traders believe that growth will continue for a long time.
At intermediate levels, traders are also very fervent, counting on the continuation of positive trends. At lower levels, the end of the fifth wave is usually accompanied by "good news." Technical Retracement (Wave A) This is not a fundamental decline. Sometimes it can be strong, especially if the fifth wave featured intense price changes. At this time, experienced traders are already considering opening long positions, and weak holders expect the previous trend to continue. Limited emotional growth (wave B). It is the expression of the sentiment of the majority. It is usually technically weak and does not last long.