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Cryptocurrency
CFD’s and forex
Education

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Education
Technical Analysis
Page 2

Technical Analysis

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Intervening Waves with Elliott Wave

As a rule of thumb, a complex correction is formed of two or three corrective waves, connected by an intervening wave. This intervening wave plays the role of an x-wave. It connects the two or three corrections.

Different types of flat patterns

The most comprehensive simple correction is the flat pattern. Here is how Elliott split them further.

Corrective waves with Elliott Wave

Because of their complexity, Elliott divided corrective waves into 2 categories: simple and complex corrections. The complex ones are the most common.

Impulsive waves with Elliott Wave

An impulsive wave is a five-wave structure that is advancing (in a bullish trend) or declining (in a bearish trend). The rules of an impulsive wave, like any rule with the Elliott Wave theory, are clear and leave no room for interpretation.

Elliott Wave Theory Introduction

Elliott Wave theory is the result of one person, Ralph Elliott, that found that people’s behavior, or human nature, is the cause for various patterns that appear in the underlying price of a security. In plain English, market psychology or crowd trading is best represented under the Elliott Waves theory.

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Technical Analysis – What is it and How to Use It

A proper definition for technical analysis would be the interpretation of future moves based on previous data. The technical analyst uses a price chart to create scenarios about future movements.

Ascending Triangle pattern

During the formation of an ascending triangle, the price builds energy while trying to break above the horizontal line. Part of market geometry or pure price action, confluence areas are a simple technical analysis concept that considers two types of support and resistance: classic and dynamic. Classic support or resistance levels always form on the horizontal.

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Price Action trading with a naked chart

Price action strategies work well if combined with Japanese candlesticks techniques. Moreover, they set the room for remarkable risk-reward ratios.

Forex volatility with the ATR

Among the many useful tools to measure the forex volatility, we can find the so called ATR, one of the most immediate and interesting ones.

The Engulfing Candle: Forex Strategy with Japanese Candlesticks

Among the preferred price patterns we can find the so-called Engulfing Candles that can be both bullish and bearish.

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