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May 21, 2023 • 5 tweets • 2 min read
Thread On EW motive waves.
With the Help of Rsi its very easy to Label the Motive waves
When Rsi is in the oversold territory making a postive divergence that price point can be the start of Wave 1.
Wave 1 always a 5 wave structure 5-3-5-3-5
In leading diagonal 3-3-3-3-3.
(1/5)
Wave 3 is the strongest,Longest& fastest Wave
After the correction in wave 2, the 3rd wave Breaks out
The economic and fundamentals news is mostly negative and almost everyone is Bearish
Wave 3 Retraced 1.618 of wave 1 anything above 1.618 extension called as Extended wave 3
2/5
Apr 9, 2023 • 6 tweets • 3 min read
A thread on EW Corrective waves…!!
*Zig Zag ABC Correction..!!
*Flats ABC Correction..!!
*ABCDE Correction..!!
*WXY Correction (Double Combo)
*WXYXZ Correction (Triple Combo)
(1/6)
Zig Zag correction is a Combination of 5-3-5 waves
5 wave down 3 waves up and again 5 waves down. (2/6)
