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#ElliottWaveTheory #TechnicalAnalysis #Bitcoin #Google #AAVE #Illumina
Elliott Wave Theory: IA TA Tuesdays(InvestAnswers Technical Analysis) Elliott Wave Theory Trading Secrets featuring Bitcoin, Aave, Google and Illumina
0:00 Intro
0:10 Disclaimer The opinions expressed in the video are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product. It is only intended to provide education about the financial industry.
1:00 Elliott Wave Theory
Market trades in repetitive patterns
Can be found in any chart
Based on Herd Mentality
It is subjective
2:00 Elliott Wave Theory in Simple Terms
5 up 3 down - herd mentality. Divide price action into trends and corrections.
Called a 5 3 move. Can be found on any chart.
3:00 Sub Waves Found in Waves
5 up 3 down - herd mentality. Divide price action into trends and corrections.
Called a 5 3 move. Can be found on any chart.
4:00 Elliott Wave Theory (in not so simple terms)
Cheat sheet here is #1 basic, #2 is clear sign things are ending #3 shows the top #5 are all corrections #6 magic rule is we need wave 3 to be above start of wave 1 7- 10 are all danger signs.
5:00 Elliott Wave Theory (in not so simple terms) Cheat Sheet
6:00 Why I Use Elliott Waves
To get a feel for where we are
I always liked 3’s and 5’s
7:00 Longer the Time Frame the Better the Signal
Elliott Wave Tips
Charting Tool
TradingView
Elliott Wave Charts
Bitcoin Since 2017
Bitcoin Over Last Few Months
Google & Pitchfork
AAVE
Illumina
11:00 Elliott clarified that the observed patterns offer no certainty about potential market movements and that they were better used in combination with other technical analysis indicators to identify the best opportunities
12:00 BEWARE:
How Accurate is The Elliott Wave Theory?
Do not trade on TA Alone. Make sure you take into account all fundamentals.