How predication price help Elliot wave

٤ مارس ٢٠٢٢

Hello friends
This chart explain Elliot wave analysis ya Neo wave -->
1 Flat correction
2 fibonacci use
3 Trend line
4 direction price move
5 Rsi indicator
6 Macd indicator


1 see this chart one hour time period date 17 jan 2022 this stock decline wave A denote chart circle A / this wave A internal(sub wave) denote capital letter Wave A,B,C . Red colour wave A down fall -21.18% Time period Wave A 7 day or 2hour Number 37 candle down side . this down fall price no diversense Rsi or Macd indicator see photo

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ملاحظة

wave B move upside this wave internal denote Capital Letter A,B,C wave . wave B is corrective
24 jan 2022 to 2 feb 2022 price move upside . Wave B move upside move 22.40% , 8 days 21 hour move upside , 39 candle or vol 601.253k

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ملاحظة

price move wave B upside but macd or Rsi negative Zone this indication reversal and price reversal

٤ مارس ٢٠٢٢

ملاحظة

wave c move down side this wave internal denote Capital Letter 1,2,3,4,5 wave . wave c is impulse wave down side
2 feb 2022 start down side price move . Wave c move down internal wave 1 move-37.90% , 12 days 21 hour move downside , 60 candle or vol 564.646k this time price move down rsi or macd indicator favoour elliot wave