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+

Franklyn Tackett
Sun, Jul 23, 2017
say thanks to so considerably for your internet site it assists a whole lot.
my blog - Muslin Studio Backdrops ( %url )

Shana Ashcroft
Sun, Jul 23, 2017
The knowledge is amazingly significant.
Here is my web site - games to play on long car trips ( %url )

Rachel
Sun, Jul 23, 2017
Superb Site, Continue the fantastic work. Thank you.
Here is my webpage Grievance ( %url )

Clint Applegate
Sun, Jul 23, 2017
Thanks intended for delivering many of these superior details.
my site: theatre backdrops ( %url )

Niamh Ybarra
Sun, Jul 23, 2017
Star Vibrant Montessori is delighted to have the ability to serve the Fullerton community in enhancing the expansion of every baby that attends our faculty.
Check out my web site :: toddler car seat pillow ( %url )

Arnulfo Brummitt
Sun, Jul 23, 2017
Wow cuz this is excellent work! Congrats and keep it up.
My website ... Continue Reading ( %url )

Hubert
Sun, Jul 23, 2017
say thanks to so considerably for your site it aids a great deal.
Stop by my web-site - wi_cej informacji ( %url )

Klaudia
Sun, Jul 23, 2017
Truly enlightening....looking forward to returning.
Have a look at my website ... hand painted backdrops ( %url )

Perry
Sun, Jul 23, 2017
Maintain the remarkable work !! Lovin' it!
My weblog Backdrop Stand ( %url )

Valerie
Sun, Jul 23, 2017
Great site you have going here.
Feel free to visit my web page ... bandarkiu ( %url )

Tommy Balderas
Sun, Jul 23, 2017
With thanks for sharing your cool internet site.
my website: Camera tripods ( %url )

Gilda
Sun, Jul 23, 2017
Love the site-- very individual pleasant and lots to see!
my web page ... link pyramid features ( %url )

Tressa
Sun, Jul 23, 2017
Thanks a ton! It is an good website!
Also visit my site; themed event backdrops ( %url )

Yasmin
Sun, Jul 23, 2017
Maintain the remarkable work !! Lovin' it!
My blog ... Octabox ( %url )

Theo Upchurch
Sun, Jul 23, 2017
You're an extremely useful site; could not make it without ya!
my web page ... studio backdrops ( %url )

Victoria
Sun, Jul 23, 2017
Para información sobre todas y cada una de las rutas cursos de ingles en irlanda con alojamiento ( %url ) buses de Dublin, visite Dublin Bus el Luas (tranvía) va por el centro de la urbe y extrarradio.

Clarence Queen
Sun, Jul 23, 2017
Great looking web site. Presume you did a great deal of your very own html coding.
Look into my blog post reflector ( %url )

Genevieve Newhouse
Sun, Jul 23, 2017
Maintain the great job and generating the crowd!
Also visit my site; twistflex backdrops ( %url )

Helene Schreiner
Sun, Jul 23, 2017
Highly beneficial looking onward to coming back.
my homepage: obyek wisata gunung bromo jatim ( %url )

Kia
Sun, Jul 23, 2017
Wow, beautiful site. Thnx ...
Also visit my blog; cheat mobile legend ( %url )

Deborah Leone
Sun, Jul 23, 2017
The info is quite helpful.
Look at my web blog - paket wisata bromo ijen baluran ( %url )

Faustino Krebs
Sun, Jul 23, 2017
Your info is rather important.
Stop by my web-site - wisata bromo malang dan sekitarnya ( %url )

Marion
Sun, Jul 23, 2017
Truly, such a helpful web-site.
Also visit my page Kisah Sukses blogger kediri ( %url )

Mel O'Reilly
Sun, Jul 23, 2017
Just wanted to point out I'm just glad that i came onto your website page!
Review my homepage ... mua ban xe hoi chinh hang ( %url )

Keesha Venables
Sun, Jul 23, 2017
Appreciate it! It is an fantastic web page!
Look at my web site - Paper Studio Backdrops ( %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