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Due to the fact that many of the trends of the market, are not inevitable, they are usually regarded as guidance rather than rules that are mandatory for execution. However, this restriction in any case does not diminish their usefulness. (more ...)
One of the important concepts of wave theory is the individual waves. The peculiarity of this option is that the individual waves gives the behavior of people in the equation of discrete traits, thereby increasing the reliability of conventional technical analysis. (more ...)
Scale
The need to use a semi-logarithmic scale is largely determined by the wave level. Moreover, this relationship is directly proportional to the character, ie The higher the level of the wave, the more appropriate it becomes semi-log scale. (more ...)
Equality of the waves
The Wave includes several valuable suggestions, one of which is the tendency of waves to the equation. In particular, the five-wave sequence two waves of the moving type always strive to achieve the same length. Typically, such a statement applies to two waves of Non-Stretched, when a wave that does not participate in this "competition", serves as elongation. First and foremost, this applies to those cases where the extension is the third wave. The most commonly installed in the wave equation proportional to the ratio of 1:0.618, but often is achieved and the absolute equality of the waves. (more ...)
Equality of the waves
The Wave includes several valuable suggestions, one of which is the tendency of waves to the equation. In particular, the five-wave sequence two waves of the moving type always strive to achieve the same length. Typically, such a statement applies to two waves of Non-Stretched, when a wave that does not participate in this "competition", serves as elongation. First and foremost, this applies to those cases where the extension is the third wave. The most commonly installed in the wave equation proportional to the ratio of 1:0.618, but often is achieved and the absolute equality of the waves. (more ...)
The depth of corrective waves as one of the options market (outside of a bear market)
To date, there is no market-based approach, which would have been able to give a precise answer to the perennial question "At what level will stop falling bear market?". Practice shows that the correction in most cases carry a maximum recoil before the land on which development takes place the previous fourth wave of a lower level. As a rule, the maximum recoil corrections to the level observed in approximately the end of the previous wave. In particular, this applies to those situations where the correct themselves serve as fourth waves.
The depth of corrective waves as one of the options market (outside of a bear market)
To date, there is no market-based approach, which would have been able to give a precise answer to the perennial question "At what level will stop falling bear market?". Practice shows that the correction in most cases carry a maximum recoil before the land on which development takes place the previous fourth wave of a lower level. As a rule, the maximum recoil corrections to the level observed in approximately the end of the previous wave. In particular, this applies to those situations where the correct themselves serve as fourth waves.
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All indications are considered on the example of bull markets, but if necessary they can be applied in respect of bear markets. The only condition is to use inverted illustrations, as well as the conclusions of the analysis of the situation on the market. In addition, it should be remembered, and the exceptions to the rules under which the application is unacceptable indications for bear markets.
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Triple and double "three"
"Double Three" and "Triple Three" - so called Elliott wave correction type models combined with a lateral development. In contrast to the simple structure of threes, the final component of the wave combinations are triangles, which in this context referred to as "triplets". Double and triple, "three" are certain combinations of wave correction, consisting of zigzags, triangles, and planes. (more ...)
Practice shows that the triangle is the simplest geometric figure, which reflects the balance of forces responsible for lateral movement. In the vast majority of cases such motion is associated with a reduced volume and a decrease in the amplitude of price fluctuations. (more ...)
Plane or the so-called flat correction is a special wave design on its configuration resembles a zigzag. However, unlike the latter, the sequence subwaves flat correction in its structure can be represented as 3-3-5. Intuitively, the wave structure of the flat correction is shown in Fig. 1-29 and 1-30. (more ...)
Corrective waves and their characteristics
It often seems that the development of market prices, which goes in the opposite direction of the older wave, is carried out with obvious effort. This creates the impression that the wave resistance of senior-level simply does not become a full rollback of the driving structure. Such an uncompromising struggle between two oppositely directed wave levels observed in many models. In addition, as a rule, corrective waves are less recognizable than their driving opponents, whose development in the direction of senior level of the wave occurs without any major obstacles. The consequence of this the wave of the conflict is minor configuration changes themselves parties to the waves of confrontation. (more ...)
Inclined or so-called diagonal triangles represent the driving model, successfully replacing the pulses in certain areas of complex wave structure. These triangles can not be called impulses, since unlike the latter, they have one or two remedial features. However, the diagonal triangle is often confused with the pulses, largely because of certain similarities. (more ...)
Moving waves
The driving wave - a wave, consisting of five subwaves a certain character. The direction of the driving waves always coincide with the direction of wave motion, located on the order of magnitude higher. In addition, the driving wave is always straightforward. Therefore, we can easily identify and explain their development in the overall wave pattern. (more ...)
In Fig. 4.1 the most complete and thoroughly disclose such things as the phenomenon of relative motion, the phenomenon of wave level and shape. This diagram clearly seen a fundamental law, the essence of which lies in the peculiarities of the distribution of each wave of the market cycle. The order of distribution described later. (more ...)
In his 1938 book "The Wave" and again in a series of articles published in 1939, the magazine Financial World, RN Elliott pointed out that the stock market is developing in line with the basic rhythm or a model of five waves up and three waves down, forming a complete cycle of eight waves. Model of five waves up followed by three waves down is shown in Fig.1-2.
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The development of market prices in the long run, takes the shape of five waves of a special structure. Three of them are marked with numbers 1, 3 and 5, really make the direction. They are separated by two setbacks (countertrend interruptions) - waves of opposite direction, are marked numerals 2 and 4, as shown in Fig.1-1. These two rollback, no doubt, are an integral part of the overall directional movement.
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One of the laws that reveal the essence of the device market is the so-called Law of the waves. Under this Act, any market solution has a dual function, while acting as a consequence and cause of significant information. Any transaction effected in the market, inevitably affects the behavior of other investors not related to her directly. Such influence is carried out by transferring transactional data market players. (more ...)
Fractals are one of the indicators mentioned in the strategy of Bill Williams. In conjunction with its other technical indicator Alligator, Bill Williams showed local maxima and minima of the market.
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Gator Oscillator is an interpretation of the Alligator, which is presented in the form of histograms. Columns of histograms show the degree of divergence / convergence line Alligator. The upper histogram is constructed based on the difference between "Jaws" Alligator (blue line - 13-period smoothed moving average is shifted by 8 spark advance) and "Teeth" Alligator (red line - 8-period Smoothed Moving Average, moved to 5 candles in advance). ( more ...)
(Alligator)
Most of the time the market will not move, and only 20% of the market movements have a clear-cut trend. It is obvious that in these 20% of the profit-risk ratio is ideal. Timely identification of emerging trends and remains to this day difficult. To facilitate this, and was invented by a technical indicator Alligator.
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(Awesome Oscillator - AO)
Awesome Oscillator was designed by Bill Williams as an indicator of the driving forces of the market. An indicator is displayed as a bar of green and red. The green bars are the ones that are more important than the previous bar, red, those that are less important than the last. (more ...)
(AC)
Acceleration / Deceleration Oscillator is an indicator of changes / deceleration rates. It was developed by Bill Williams.
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(On Balance Volume - OBV)
This technical indicator was created by Joseph Granville. On Balance Volume is designed for visual indication of the correlation between changes in price and volume accompanying the change. Calculation of the indicator values are held as follows: if the current bar close above the previous close, the value of the volume of the current bar is added to the previous value (more ...)
(Money Flow Index - MFI)
Indicator MFI (money flow index) - this is to indicate the intensity of the purchases or sales of a given financial instrument. MFI is similar to the Relative Strength Index RSI, with the only difference being that the MFI is taken into account as volume (for forex tick this volume).
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(Accumulation Distribution, A / D)
The main factor determining the volatility of the market is trading volume. When the Accumulation / Distribution Line was designed to determine the volume of trading, the corresponding price fluctuations. The volume acts as a weighty factor price changes during the reporting period.
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(Momentum indicator)
"Indicator of the moment" was created to display the speed of price changes. Due to its simplicity and efficiency, "Momentum indicator" is one of the most commonly used technical indicators.
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(Moving Average Envelopes)
"Envelopes" of moving averages (Envelopes) - an indicator designed to determine the corridor of price movement. It is constructed using two moving averages that are displaced, one up and one down. Latitude corridor determined by the relative magnitude of displacement of the boundaries given in percentages. This value should be determined by the volatility of the instrument - the greater the volatility, the greater must be the percentage deviation.
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(Williams' Percent Range,% R)
Percentage range of Williams - a technical indicator that relates to a group of oscillators. The main function of this indicator is to determine overbought / oversold conditions in the market.
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(Demarker)
A technical indicator of Demark called DeMarker (DeMarker) was developed by Thomas R. DeMarco (Thomas R. Demark) and published in the book "Technical Analysis - a new science» (The New Science of Technical Analysis).
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