Elliott Wave, using MACD to determine the wave level, with and only unique

Discussion in 'Technical Analysis' started by vnsmartyc, Jan 12, 2021.

  1. vnsmartyc

    vnsmartyc

    Many friends who study waves will encounter bottlenecks after a certain period of time. The wave level.
    In this article, I explain the level of waves with a very simple MACD principle
    This method is not completely accurate。But as a reference method, it can save time and cost to a great extent.
    Wave as a large frame structure, many details are not perfect. Elliott waves principle keyto market behavior's wave detail processing is just a reference direction, and there is a certain probability in practical application.
    Learning waves requires reading a variety of books to integrate a lot of knowledge and supplement the framework of waves

    Current level 5 wave structure,MACD draw back 0 line,once divergence
    1)2 and 4 wave tail MACD draw back 0 line
    2)3 wave energy is the strongest
    3)5 wave with and only unique once divergence
    波浪5浪.png

    Small level
    波浪5浪小.png

    Large level
    波浪5浪大.png

    If the market deviates from many times, then the current wave level is small
    If the market starting point is not near the macd 0 line, then the current wave level is too large
    Free technical analysis exchange add me whatsapp:85265286574

    2.Current level ABC structure
    1)A wave MACD returns to the 0 line or crossing 0 line
    2)B wave hovers near MACD 0 line,The end of Bc must be pulled back near 0 line
    3)Comparison of C wave and a wave,The energy of MACD is obviously weakened.Reference MACD red and green column area
    ABC1.png ABC2.png
    PS:In irregular ABC structure(Bwave over 1wave crest,C wave is higher than A wave),In the current level of MACD,C wave must return to the 0 line.
    Free technical analysis exchange add me whatsapp:85265286574
     
    Last edited: Jan 12, 2021