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 http://www.jennreviews.com/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+

Alfie
Fri, Sep 22, 2017
Simply wished to what does my name say about me ( %url ) that this website has impressed me and I think it's great!

Tamika Cornett
Fri, Sep 22, 2017
Hello there, well put together online site you have got there.
my web page - Epic Holidays ( %url )

Cleveland Lovekin
Fri, Sep 22, 2017
Consequently, the makers have set up specialist programs in addition to repair facilities. And while the MR2 can be a bit difficult with stock tires - grip can break suddenly if you push the car to hard - simply putting upgraded to sport tires makes the car hang on to bends as if velcroed to the track. He is also involved in some of the biggest sponsorship deals in F1.
Also visit my web blog - superpharmacy4u ( %url )

Tatiana Kump
Fri, Sep 22, 2017
Thanks, this website is really handy.
Feel free to surf to my web-site; anläggning ( %url )

Marina Lort
Fri, Sep 22, 2017
You have the best sites.
My homepage :: voicez ( %url )

Myron Giorza
Fri, Sep 22, 2017
Wow such a handy websites.
my weblog :: seo ( %url )

Donnell Guizar
Fri, Sep 22, 2017
So helpful....look onward to coming back.
Feel free to visit my web blog - p_eklady pygmalion ( %url )

Marla
Fri, Sep 22, 2017
Wow, gorgeous newborn photography website ( %url ). Thnx ...

Christian Pulido
Fri, Sep 22, 2017
Wow, stunning portal. Thnx ...
Here is my homepage; kitchen base cabinets ( %url )

Muhammad Thurber
Thu, Sep 21, 2017
The moniker of creator is Eleanor Burger. He used to be unemployed on the other hand he can be a filing asst. Massachusetts is your biggest I have a weakness for most. What her family and it love is normally playing mah jongg nevertheless she often is struggling to locate time recycle online.
My web-site ... OC Nannies reviews ( %url )

Monica Coffman
Thu, Sep 21, 2017
You're a very valuable website; could not make it without ya!
My web blog Agen Poker Online Indonesia Terpercaya Daftar Poker Online ( %url )

Amie McCasland
Thu, Sep 21, 2017
Keep up the incredible work !! Lovin' it!
Also visit my blog post PhD thesis arabic ( %url )

Blanca
Thu, Sep 21, 2017
Great website! It looks very good! Keep up the excellent work!
My weblog Auto followers Instagram ( %url )

Marguerite Sledge
Wed, Sep 20, 2017
Love the website-- extremely user pleasant and great deals to see!
Look at my web page :: local plumbers ( %url )

Mariano
Wed, Sep 20, 2017
Appreciate it! This is definitely an impressive webpage.
Here is my webpage Main Poker Online Uang Asli ( %url )

Krystyna Smyth
Wed, Sep 20, 2017
Once you're happy with the general design of the website it is time to move on to the precise growth.
Also visit my page ecommerce websites for sale ( %url )

Leonore Pollard
Wed, Sep 20, 2017
Thanks pertaining to offering such amazing data.
Here is my webpage mens journal ( %url )

Shenna Fryer
Wed, Sep 20, 2017
Cell ecommerce is urgently changing into the core of ecommerce , and most clients solely entry ecommerce website builder uk ( %url ) websites from one or several cellular devices.

Vania
Wed, Sep 20, 2017
Good post.Ne'er knew this, thanks for letting me know.
Also visit my website buy facebook Likes ( %url )

Juliann Luxton
Wed, Sep 20, 2017
Awesome web-site you have right here.
Feel free to visit my blog seo for website ( %url )

Mariam Cardwell
Wed, Sep 20, 2017
Thanks really helpful. Will share site with my pals.
Have a look at my webpage :: shaker cabinets ( %url )

Lesli
Wed, Sep 20, 2017
Keep up the awesome work !! Lovin' it!
Feel free to surf to my web blog: instacart coupon september 2017 ( %url )

Kirsten Plante
Wed, Sep 20, 2017
Wow, this can be a gorgeous site you have going on below!
My website :: acne clearing food ( %url )

Jermaine McAlroy
Tue, Sep 19, 2017
Wow, attractive portal. Thnx ...
Also visit my page Download Computer Software ( %url )

Gabriella
Tue, Sep 19, 2017
I enjoy the data on your web site. Much thanks!
Also visit my homepage ... seo ebook ( %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