@samuraipips358 Exactly this. Most traders measure the wrong thing. P&L tells you what happened, not whether you did the right thing.
Process first. Results follow.
@Drywall_by_Kyle Alternation rule actually works between waves of the same degree. Wave 2 here is sharp, wave 4 is sideways. That is the rule doing its job.
USDT double bottom is a separate chart with its own count. Both can be true at the same time, no contradiction.
#USOIL ๐ข
Triangles are one of the most misunderstood patterns in Elliott Wave.
Most traders see one and assume "breakout coming." Wrong direction. Triangles are not reversal patterns. They are continuation patterns. The market is just pausing before the next leg in the prevailing direction.
A contracting triangle has five legs. A, B, C, D, E. Each leg shorter than the last. The trendlines converge. Volume dies. Everyone gets bored. That boredom is the point. The pattern is trapping both sides. The real move comes after E.
The lesson: When you see a triangle, ask one question. What was the trend before it started? That's the direction of the breakout. Most of the time.
$MU l Elliott Wave Outlook
When we firmly laid out our previous roadmap, our vertical targets were clear and we explicitly identified the immediate $1,000 psychological milestone. Looking at the tape now, price is on the verge of validating that exact target, rewarding our community members who tracked our real-time updates and premium dashboard analysis throughout this explosive run.
With the minor wave ii completing as a shallow, ultra-bullish consolidation floor, $MU is displaying massive institutional impulse geometry. From the $650 structural defense level, we are now tracking an aggressive acceleration vector straight toward the $3,000 macro extension area; while the crowd might view this target as wild speculation, our mathematical wave counts simply reflect the objective reality of what the price action is projecting.
$SOXX $SMH $QQQ
#XAUUSD
Always trade with a plan.
There are two kinds of traders right now.
The first one is watching Gold, Oil, DXY, EURUSD and feeling something is about to happen, but not sure what to do.
The second one already has the plan. Levels written. Invalidation set. Risk calculated. Waiting for the trigger.
When the impulse fires, only one of them is ready.
The next impulse is loading. Be the second trader!
#elliottwave #gold #eurusd
๐งฌ You become a real trader the day you realize:
โ Losing trades are not mistakes. Breaking your rules is.
โ The market doesn't owe you a win because you "deserve" one.
โ Patience is a position. Sometimes the best trade is no trade.
โ Your account size doesn't define your skill. Your consistency does.
โ The chart was always honest. You weren't.
Which one did you learn the hard way?
#AUDUSD ๐ฆ๐บ๐บ๐ธ
๐๐ป One of the biggest challenges in trading is to keep it simple.
๐๐ป All you need to do is to identify the trend direction on the upper timeframes and trade the impulses on the lower timeframes.
๐๐ป Yes, trading is a money printing machine, but only with a well-planned, proven strategy!
#USOIL ๐ข
Triangles are one of the most misunderstood patterns in Elliott Wave.
Most traders see one and assume "breakout coming." Wrong direction. Triangles are not reversal patterns. They are continuation patterns. The market is just pausing before the next leg in the prevailing direction.
A contracting triangle has five legs. A, B, C, D, E. Each leg shorter than the last. The trendlines converge. Volume dies. Everyone gets bored. That boredom is the point. The pattern is trapping both sides. The real move comes after E.
The lesson: When you see a triangle, ask one question. What was the trend before it started? That's the direction of the breakout. Most of the time.