Running for Those in Need of Hope
Running Hope
Home About Us Join Running Hope Events Be Inspired Donate

Ella Chapple

Total Number of Gifts: 0
Total Value of Gifts: $0.00

This theory is a very popular tool used in the technical analysis that allows brokers to predict the evolution trend of the currency market, or any other market, such as for example the stock market. Elliott's wave theory is based on the specific form of the currency market developing in three main waveforms of the principal trend followed by three on the opposite trend, considering mass psychology.

As Ralph Elliott says, the prices of the traded currency pairs evolves in waves, five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction.To fully understand the Elliott's wave theory, it is important to understand the psychological reasoning of each of these waves, because the zig-zag of the prices is the variation of investor optimism and pessimism.

Here's what happens on a growing market:

Wave 1 (impulsive) is an increasing small wave, a light pressure of demand (Bull Move). In Wave 1, prices rise because of a relatively small number of participants who buy traded currency pairs, for fundamental or technical reasons (speculation), pushing the prices up.

Wave 2 (corrective) is a decreasing wave, downward pressure in the supply (Bear Move). After a significant growth, investors may receive fundamental and technical signals that the currency was over purchased. In such a moment, wave 2 increases when people who initially bought decide to take advantage, while the newcomers initiate short positions. Price starts in the other direction, but generally does not pass over the minimum initial position which initially attracted buyers at a moment of the wave 1.

Wave 3 (impulsive) is an increasing small wave in a pressure of the demand (Bull Move). It is often the longest of the five waves, wave 3 is a sustained wave when a large number of investors were mobilized by wave 2 to buy. With a larger number of buyers, the safety margin increases, extending above the maximum price originally formed by the wave 1. At this point the threshold of resistance is one of support.

Elliott Wave DNA Nikola Delic

Wave 4 (corrective) is a small wave in a supply pressure (Bear Move). At Wave 4, buyers start getting tired (they remain without money or optimism) and again use the over purchasing signals. Generally, there are still quite enough buyers on the market, so here the decrease is relatively small.

Wave 5 (impulsive) is an increasing small wave in a demand pressure (Bull Move). Wave 5 is the final movement of the observed sequence evolution. Right now buyers are all motivated by greed rather than fundamental or technical justification, to buy and bid higher prices elsewhere. Normal price reaches a maximum before starting to move in the opposite direction.

Guest Book

If you would like, you can add your name and a short message to our Guest Book. Thank you.

Sign the Guest Book

Records 1 - 25 of 1,001+

Della Fredrick
Fri, Nov 24, 2017
It will be the most nutritious classification of honey which is effective in treating indigestion, nausea, anemia, malnutrition, ulcers, burns, cancer and gallbladder diseases. And finally, you have the relatively scarce plus more expensive organic honey in case you trust eating merely the purest way of the bee food - 100% clear of pesticides or environmental pollutants, whereby the nectar and pollen sources consist essentially of organic crops because origin of bees and locations of apiaries are regulated with a strict group of guidelines. As a matter of fact, it is good to regulate our taste for the natural taste in foods and drinks for healthy living.
Here is my web site :: madu ( ( %url ))

Fri, Nov 24, 2017
Wow cuz this is excellent job! Congrats and keep it up.
Also visit my web blog Billard 8 ball pool ( %url )

Fri, Nov 24, 2017
say thanks to a lot Best food for diabetes control ( %url ) your internet site it assists a whole lot.

Fri, Nov 24, 2017
Many thanks, this site is really useful.
Also visit my weblog Paul ( %url )

Mayra Newbold
Fri, Nov 24, 2017
Incredibly individual pleasant website. Tremendous information readily available on couple of clicks.
Stop by my web site :: cure Diabetes Naturally ( %url )

Fri, Nov 24, 2017
Hiya, good website you have here.
my web page - cho thuê máy làm mát giá r_ ( %url )

Thu, Nov 23, 2017
Extremely user pleasant site. Astounding information readily available on couple of clicks.
My web-site; camera ip yoosee ( %url )

Melanie O'Hea
Thu, Nov 23, 2017
I treasure the details on your internet site. Appreciate it.
My web site; here ( %url )

Thu, Nov 23, 2017
You do not actually have to be a talented hacker to use this online generator if all you want to do is get clash of clans cheats iphone ( %url ) of Clans hacked to get some objects like Gems or Gold.

Thu, Nov 23, 2017
Basically desired to emphasize I am thankful I happened onto your web site!
Review my web blog ... dich vu chung minh tai chinh lui ngay ( %url )

Thu, Nov 23, 2017
Alivia los dolores del sistema locomotor y previene las enfermedades de articulación degenerativa como osteoartritis.
my page :: colageno ana maria lajusticia amazon ( %url )

Pedro Pedro Henrique
Thu, Nov 23, 2017
Devem estar atentas a seus desejos, agenciar acolher a suas necessidades bem como, casualmente auxiliá-lo a aprender que lhe convêm -não que lhes convém.
Visite meu site da Web - acompanhantes bh ( %url )

Thu, Nov 23, 2017
I love forgathering useful information, this post has got me even more info!
Also visit my web blog; immigration attorney ( %url )

Claudia Frias
Thu, Nov 23, 2017
I delight in the info on your internet site. Thnx.
Here is my webpage ... link ( %url )

Thu, Nov 23, 2017
Lovely Web page, Maintain the fantastic job. Appreciate it!
My blog post ... Beverly Hills Holistic Dentist ( %url )

Maddison Defazio
Thu, Nov 23, 2017
Wow, attractive portal. Thnx ...
Also visit my site :: vehicle wraps ( %url )

Waylon Carter
Thu, Nov 23, 2017
Passion the website-- really user pleasant and whole lots to see!
Feel free to visit my blog penthouses in gurgaon ( %url )

Thu, Nov 23, 2017
Surprisingly user friendly website. Great information available on few clicks.
Take a look at my webpage - visit site ( %url )

Thu, Nov 23, 2017
Magnificent beat ! I would like to apprentice while you amend your site, how could i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea
Feel free to surf to my web page :: geo immigration consultants ( %url )

Claire Crummer
Thu, Nov 23, 2017
Simply needed to state Now i'm lucky that i came upon your website page.
Also visit my web-site - here ( %url )

Thu, Nov 23, 2017
So, when you are enjoying Homescapes, you will already be realizing about the tips and cheats which CheatsRoom goes to provide you.
Here is my web blog ... homescapescheatsorg ( %url )

Nigel Terrell
Thu, Nov 23, 2017
Many thanks, this site is really useful.
Feel free to surf to my blog beauty ( %url )

Jacquelyn Parnell
Wed, Nov 22, 2017
Los productos no deben emplearse como suplente de una dieta medicación y han de estar exteriormente del alcance de los pequeños.
my blog: l carnitina comprar ( %url )

Wed, Nov 22, 2017
Really had to stress I am just lucky I came on your website.
Stop by my website; agen sbobet terpercaya ( %url )

Wed, Nov 22, 2017
Extremely insightful....look forward to returning.
Feel free to visit my webpage :: Free Porn Videos ( %url )

Records 1 - 25 of 1,001+

If you think this page contains objectionable content, please inform the system administrator.

© 2008 RunningHope. All Rights Reserved. Site Maintenance and Hosting by HomeLink Computer Services.

Contact Us

Find A Team Member

Login to Your Champion Center

Running Hope's Facebook Link