120 Wave Personality

  • Ce sujet contient 0 réponse, 1 participant et a été mis à jour pour la dernière fois par freeforex, le il y a 9 mois et 2 semaines.
Affichage de 1 message (sur 1 au total)
  • Auteur
  • #1416

    120 Wave Personality
    The idea of wave personality is a substantial expansion of the Wave Principle. It has the advantage of bringing human behavior more personally into the equation.
    free forex signals and The personality of each wave in the Elliott sequence is an integral part of the reflection of the mass psychology it embodies. The progression of mass emotions from pessimism to optimism and back again tends to follow a similar path each time around, producing similar circumstances at corresponding points in the wave structure. As the Wave Principle indicates, market history repeats but not exactly. Every wave has siblings (same-directional waves of the same degree within a larger wave) and cousins (samedegree and same-numbered waves within different larger waves) but no wave has a twin. Related waves — particularly cousins — have similar market and social characteristics. The personality of each wave type is manifest whether the wave is of Grand Supercycle degree or Subminuette. Waves’ properties not only forewarn what to expect in the next sequence but at times can help determine the market’s present location in the progression of waves, when for other reasons the count is unclear or open to differing interpretations. As waves are in the process of unfolding, there are times when several different wave counts are perfectly admissible under all known Elliott rules. It is at these junctures that a knowledge of wave personality can be invaluable. Recognizing the character of a single wave can often allow you to interpret correctly the complexities of the larger pattern. The following discussions relate to an underlying bull market picture, as illustrated in Figures 2-14 and 2-15. These observations apply in reverse when the actionary waves are downward and the reactionary waves are upward.
    free forex signals
    1) First waves — As a rough estimate, about half of first waves are part of the “basing” process and thus tend to be heavily corrected by wave two. In contrast to the bear market rallies within the previous decline, however, this first wave rise is technically more constructive, often displaying a subtle increase in

    Figure 2-14
    volume and breadth. Plenty of short selling is in evidence as the majority has finally become convinced that the overall trend is down. Investors have finally gotten “one more rally to sell on,” and they take advantage of it. The other fifty percent of first waves rise from either large bases formed by the previous correction, as in 1949, from downside failures, as in 1962, or from extreme compression, as in both 1962 and 1974. From such beginnings, first waves are dynamic and only moderately retraced.
    free forex signals
    2) Second waves — Second waves often retrace so much of wave one that most of the profits gained up to that time are eroded away by the time it ends. This is especially true of call option purchases, as premiums sink drastically in the environment of 79 fear during second waves. At this point, investors are thoroughly convinced that the bear market is back to stay. Second waves often end on very low volume and volatility, indicating a drying up of selling pressure.
    forex signals

    3) Third waves — Third waves are wonders to behold. They are strong and broad, and the trend at this point is unmistakable. Increasingly favorable fundamentals enter the picture as confidence returns. Third waves usually generate the greatest volume and price movement and are most often the extended wave in a series. It follows, of course, that the third wave of a third wave, and so on, will be the most volatile point of strength in any wave sequence. Such points invariably produce breakouts, “continuation” gaps, volume expansions, exceptional breadth, major Dow Theory trend confirmations and runaway price movement, creating large hourly, daily, weekly, monthly or yearly gains in the market, depending on the degree of the wave. Virtually all stocks participate in third waves. Besides the personality of B waves, that of third waves produces the most valuable clues to the wave count as it unfolds.
    4) Fourth waves — Fourth waves are predictable in both depth (see page 66) and form, because by alternation they should differ from the previous second wave of the same degree. More often than not they trend sideways, building the base for the final fifth wave move. Lagging stocks build their tops and begin declining during this wave, since only the strength of a third wave was able to generate any motion in them in the first place. This initial deterioration in the market sets the stage for non-confirmations and subtle signs of weakness during the fifth wave.
    forex signals free
    5) Fifth waves — Fifth waves in stocks are always less dynamic than third waves in terms of breadth. They usually display a slower maximum speed of price change as well, although if a fifth wave is an extension, speed of price change in the third of the fifth can exceed that of the third wave. Similarly, while it is common for volume to increase through successive impulse waves at Cycle degree or larger, it usually happens in a fifth wave below Primary degree only if the fifth wave extends. Otherwise, look for lesser volume as a rule in a fifth wave as opposed to the third. Market dabblers sometimes call for “blowoffs” at the end of long trends, but the stock market has no history of reaching maximum acceleration at a peak. Even if a fifth wave extends, the fifth of the fifth will lack the dynamism that preceded it. During advancing fifth waves, optimism runs extremely high despite a narrowing of breadth. Nevertheless, market action does improve relative to prior corrective wave rallies. For example, the year-end rally in 1976 was unexciting in the Dow, but it was nevertheless a motive wave as opposed to the preceding corrective wave advances in April, July and September, which, by contrast, had even less influence on the secondary indexes and the cumulative advance-decline line. As a monument to the optimism that fifth waves can produce, the advisory services polled two weeks after the conclusion of that rally turned in the lowest percentage of “bears,” 4.5%, in the history of the recorded figures despite that fifth wave’s failure to make a new high!
    forex trading signals
    6) A waves — During the A wave of a bear market, the investment world is generally convinced that this reaction is just a pullback pursuant to the next leg of advance. The public surges to the buy side despite the first really technically damaging cracks in individual stock patterns. The A wave sets the tone for the B wave to follow. A five-wave A indicates a zigzag for wave B, while a three-wave A indicates a flat or triangle.
    forex signals
    7) B waves — B waves are phonies. They are sucker plays, bull traps, speculators’ paradise, orgies of odd-lotter mentality or expressions of dumb institutional complacency (or both). They often involve a focus on a narrow list of stocks, are often “unconfirmed” (see Dow Theory discussion in Chapter 7) by other averages, are rarely technically strong, and are virtually always doomed to complete retracement by wave C. If the analyst can easily say to himself, “There is something wrong with this market,” chances are it’s a B wave. X waves and D waves in expanding triangles, both of which are corrective wave advances, have the same characteristics. Several examples will suffice to illustrate the point.
    free forex signals presents special offer
    open trading account with one of the best forex brokers and GET FREE forex Signals via SMS, Email and WhatsApp
    SIGN UP FOR A FREE TRIAL To Access FREE Forex Signals in the Members Area START FREE 30 DAYS TRIAL on https://www.freeforex-signals.com/

Affichage de 1 message (sur 1 au total)
  • Vous devez être connecté pour répondre à ce sujet.

Ouvrir un compte ING : Avantages, comment faire ?

ouvrir un compte ing

Comment ouvrir un compte ING ? Toutes les étapes Comment ouvrir un compte ING et bénéficier de 80 € à l’ouverture de votre compte ? Le but de cette article est de découvrir toutes les étapes qu’il faut suivre afin d’ouvrir un compte ING dans le but d’obtenir un bonus…

Comment investir dans la rénovation de bâtiment ?

investir dans la rénovation de bâtiment

Investir dans le bâtiment Il existe plusieurs façons d’investir son argent. Vous pouvez investir dans des entreprises, des actions en bourses, dans des fonds d’investissements, etc … Il est question dans mon article de découvrir un moyen d’investir quand on a un peu moins d’argent que le moyenne. Il s’agit…

Comment développer son business bien-être ?

business spa bien etre

Augmenter le chiffre d’affaires de son business dans le bien-être ? Pur votre business, vous avez très certainement une boutique, magasin ou encore une enseigne qui propose des services bien-être aux clients. Ces services sont souvent la vente de produits cosmétiques ainsi que des services tels que les massages, les…

Gagner de l’argent avec sa voiture : 5 solutions

gagner de l'argent avec sa voiture

Gagner de l’argent avec sa voiture Beaucoup se posent la question de savoir si il est possible de gagner de l’argent avec sa voiture ? En fait, il existe plusieurs façon de générer de l’argent facile grâce à son véhicule. Voici les différentes solutions. Afficher de la publicité sur sa…

Comment gagner au loto ?

comment gagner au loto

Comment gagner au loto et devenir millionnaire ? Je vais vous donner la méthode unique pour gagner au loto à coup sûre. Cette méthode est fiable à 100 %. Vous allez devenir millionnaire en suivant ma méthode et elle est exclusivement unique. La méthode réside dans le fait de jouer…

Gagner de l’argent facile : 10 astuces simple et rapide

gagner de l'argent

Nous sommes tous à la recherche de trucs et astuces pour gagner de l’argent ou encore économiser de l’argent. Mais il est vrai que gagner de l’argent facile n’est pas toujours simple. Il faut parfois utiliser des astuces ou avoir de bonnes relations pour trouver ce qui nous convient le…

4 sites de garde meuble entre particuliers

location garde meuble entre particuliers

Vous êtes propriétaire ou locataire d’un logement, d’une maison, d’une garage ou de tout autres types de pièces sans aucune utilité. Pourquoi ne pas proposer cette pièce à la location pour faire du garde meuble entre particuliers ? Le garde meuble entre particuliers fait son apparition depuis quelques années et…

Comment se faire rembourser ses courses facilement ?

comment se faire rembourser ses courses

Comment se faire rembourser ses courses facilement ? Je suis certain que vous vous êtes déjà posé la question. Vous avez certainement déjà vu des reportages ou des personnes font leurs achats, et passent un temps fou à préparer courriers, tickets de caisse et codes barres pour se faire rembourser…

Lilo, gagner et financer des projets


Un moteur de recherche solidaire Lilo est un jeune moteur de recherche solidaire qui propose de financer des projets sociaux et environnementaux. Face au géant Google, Lilo sort du lot en vous proposant de faire une bonne action au quotidien. Vous êtes désormais un acteur important et êtes au cœur d’un système…