Chart Wizard Trading

Expert Elliott Wave Analysis

Member Exclusive

Exclusive Bitcoin Update

by

To be short and concise, I've changed my mind about the crypto market. What I thought was a 4th wave at primary degree has, in my new opinion, failed. Since we are failing to get impulsive price action off of the low, I now believe that the count needs to change. I am changing it in favor of a primary wave 1 count at the high and instead of a primary wave 4, BTC is finishing a … [Read more...] about Exclusive Bitcoin Update

Member Exclusive Elliott Wave Update

by

In this update, I go over why I think probability favors that the BTC bottom is in. We appear to have a five wave impulse off of the low of 17,500. Could it turn into a bigger three wave move? Certainly. However, given the macro wave 4 count we've been watching for quite some time now, it seems most reasonable, the we have, in fact, seen the bottom. We are simply biding our … [Read more...] about Member Exclusive Elliott Wave Update

The Unbreakable Rules of Motive Waves

by

Motive waves advance the trend of larger degree. Motive waves are always actionary and are always "fives". Each motive wave contains 3 actionary subwaves (1,3,5) and 2 reactionary subwaves (2,4). There are two motive wave patterns; impulse and diagonal. There are some rules that cannot be broken that govern all motive waves. Firstly, wave 2 cannot retrace 100% of wave 1. Wave 3 … [Read more...] about The Unbreakable Rules of Motive Waves