PriceActionHelp

A Master Elliott Wave Trader and Price Action Analyst

[PriceActionHelp @PriceActionHelp]

@PizzinoMichael Wave b of the primary (yellow) wave 2 looks perfectly impulsive; to me it should be a minor wave 1 instead (so far, it doesn't change the outcome though)>

[PriceActionHelp @PriceActionHelp]

Wave 5 of a "motive wave" may never happen, but it doesn't mean the advance wasn't a motive wave (and I'm not talking about the "truncated 5th waves" here because to me truncations don't exist). #Elliottwave #tradingstrategy

[PriceActionHelp @PriceActionHelp]

Tools that rely on the Elliott / Harmonic / Neo Wave are flawed. They just connect the pivot points that meet certain mathematical formulas which rely on a wrong set of assumptions. They are unable to recognize the personality and relations of the waves. #ElliottWave #trading

[PriceActionHelp @PriceActionHelp]

Popular chart patterns vs Elliott Wave patterns:

1. Double / triple top | bottom, head & shoulders | inverse, bullish / bearish flag, megaphone.

2. Rising / falling wedge, triangle / pennant, cup & handle, rounding top / bottom.

More updates: https://t.co/2Meqow7CKk

[PriceActionHelp @PriceActionHelp]

1. THE REVISED ELLIOTT WAVE RULES

2. THE RELIABILITY OF THE ELLIOTT WAVE GUIDELINES - a list of the official Elliott Wave guidelines along with their predicted reliability.

Source: https://t.co/2Meqow7CKk

[PriceActionHelp @PriceActionHelp]

The Elliott Wave Theory - the Revised Rules and a Look at the Validity of the Guidelines

The following are some of the revised Elliott Wave rules and a list of guidelines with comments about their usefulness / reliability.

[PriceActionHelp @PriceActionHelp]

That's why, adjustments to the theory are necessary to keep up with automated and quant trading that don't rely purely on "mass psychology."

[PriceActionHelp @PriceActionHelp]

Today, only a relatively small percentage of price action movements adhere 100% to the ideal classic wave theory; the rest cannot be fully explained without violating the rules or guidelines such as the guideline of the "right look" or wave proportionality.

[PriceActionHelp @PriceActionHelp]

To me, the Elliott Wave theory is an excellent prototype, but the market behavior is no longer as simple and predictable as almost a century ago when the theory was published.

[PriceActionHelp @PriceActionHelp]

A new section: "My Trading Strategy" was added: https://t.co/YVkVc5gV7F

It discusses in detail my approach to trading, how I analyze the price charts in relation to price action, and what tools I use in my analysis.

[PriceActionHelp @PriceActionHelp]

I created a Reddit page to provide a complimentary service to traders: https://t.co/M84GMxERW4

[PriceActionHelp @PriceActionHelp]

Elliott Wave Analysis of Gold (2016-2023).

[PriceActionHelp @PriceActionHelp]

Sometimes it's difficult to understand social media. An example of the post removed by Reddit. I guess it was too boring ;)

[PriceActionHelp @PriceActionHelp]

The revised Elliott Wave rules (related to diagonals, triangles, and flat corrections): https://t.co/2Meqow8azS

[PriceActionHelp @PriceActionHelp]

A recent price action of BAC (Bank of America) - the monthly chart, using the Elliott Wave Theory. It's possible the move will turn out an impulse wave as opposed to a diagonal (possibly the ending one), but for that to occur the price must not go below $20.