Post by zzamand56 on Mar 12, 2024 3:02:01 GMT -6
MACD indicates the continuation of the upward movement, inbar is followed by the green bar, and some false bars after the green one suggest that the situation is unclear. The classic MFI does not indicate the expected strong divergence (the divergence of the pink lines on the chart is minimal) that is almost present in the second phase of the trend development. All this suggests that the third wave of the main trend is not going to end. An indirect sign of this is also a slow correction in the six sub-waves, which means that the bulls are quite strong. LiteFinance: Mixing Williams and Prechter systems in a trading strategy (part 1) | Litefinance At the point of the expected end of the ninth subwave or the third wave of the main level, completely opposite signals emerge.
At this point, the price crosses the 1.618 level and is therefore in the target zone even if wave (3) is extended. The MACD indicates the change from the bullish green zone to the red zone and the moving averages cross at the same time. At the predicted peak, a fractal and a squat bar preceded by another squat bar are observed. And finally, the classic MFI signals a stronger divergence and its Belize Mobile Number List line is in the overbought zone. This is a stronger signal that the current trend is about to conclude. When the third wave reaches the 1.618 level and there is a five-bullet signal, Williams recommends closing seven of the ten orders entered. In this case, the reasons for this decision are similar to those of the first wave. We take most of the potential profits and leave three orders in the market in case the third wave extends.
Here I conclude the description of the first part of our strategy. In the next article I will talk about trading in the final phase of the five-wave sequence, I will also explain the use of channels in this trading system to more accurately identify the peaks of the fifth wave. Good luck everyone and good profits! Sincerely, Mikhail @hyipov PS Did you like my article? Share it on social networks, it's the best, thank you
Ask questions and comments about the material below. I will be happy to respond and give the necessary explanations. Helpful Links I recommend that you try trading with a trusted broker here . The system allows you to trade yourself or copy the trades of successful traders around the world. Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter the promo code in the appropriate field when depositing to your account on the LiteFinance platform and the bonus will be credited simultaneously with the deposit.
At this point, the price crosses the 1.618 level and is therefore in the target zone even if wave (3) is extended. The MACD indicates the change from the bullish green zone to the red zone and the moving averages cross at the same time. At the predicted peak, a fractal and a squat bar preceded by another squat bar are observed. And finally, the classic MFI signals a stronger divergence and its Belize Mobile Number List line is in the overbought zone. This is a stronger signal that the current trend is about to conclude. When the third wave reaches the 1.618 level and there is a five-bullet signal, Williams recommends closing seven of the ten orders entered. In this case, the reasons for this decision are similar to those of the first wave. We take most of the potential profits and leave three orders in the market in case the third wave extends.
Here I conclude the description of the first part of our strategy. In the next article I will talk about trading in the final phase of the five-wave sequence, I will also explain the use of channels in this trading system to more accurately identify the peaks of the fifth wave. Good luck everyone and good profits! Sincerely, Mikhail @hyipov PS Did you like my article? Share it on social networks, it's the best, thank you
Ask questions and comments about the material below. I will be happy to respond and give the necessary explanations. Helpful Links I recommend that you try trading with a trusted broker here . The system allows you to trade yourself or copy the trades of successful traders around the world. Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Simply enter the promo code in the appropriate field when depositing to your account on the LiteFinance platform and the bonus will be credited simultaneously with the deposit.