Scribd Logo
Upload

Welcome to Scribd!

  • 49 - 7 PDF - 8536693 Elliott Wave Unveiled PDF

    Uploaded by

    Pranay
    20 views1 page
    The document discusses Elliot Wave theory and provides guidance on when to sell based on divergences between market movements and oscillators. It notes that while the 5th wave of a market trend often makes new highs, the oscillator typically does not reach its wave 3 high, and this divergence is a strong sell signal if the 5th wave pattern is complete. If both the market and oscillator make new highs, the labeling of waves would need to be relabeled.

    Original Description:

    Original Title

    49_7-PDF_8536693-Elliott-Wave-Unveiled.pdf

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document discusses Elliot Wave theory and provides guidance on when to sell based on divergences between market movements and oscillators. It notes that while the 5th wave of a market trend often makes new highs, the oscillator typically does not reach its wave 3 high, and this divergence is a strong sell signal if the 5th wave pattern is complete. If both the market and oscillator make new highs, the labeling of waves would need to be relabeled.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    20 views1 page

    49 - 7 PDF - 8536693 Elliott Wave Unveiled PDF

    Uploaded by

    Pranay
    The document discusses Elliot Wave theory and provides guidance on when to sell based on divergences between market movements and oscillators. It notes that while the 5th wave of a market trend often makes new highs, the oscillator typically does not reach its wave 3 high, and this divergence is a strong sell signal if the 5th wave pattern is complete. If both the market and oscillator make new highs, the labeling of waves would need to be relabeled.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    Most of the time the market will make new highs in the 5th wave, but the

    oscillator won’t come near its top in wave 3. This divergence is a strong sell
    signal, on the condition that the pattern of the 5th wave is complete. If both
    the oscillator and the market make new highs, you will have to relabel the
    5th wave to wave 3!

    49

    You might also like