Elliott Wave Theory: Glenn Neely's NeoWave
Mar 12, 2024 3:46:43 GMT -5
Post by zzamand56 on Mar 12, 2024 3:46:43 GMT -5
LiteFinance: Let's examine the latest, boldest interpretation o. | Litefinance In our case, these time periods will be daily sessions marked on the chart with vertical blue dots. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance Next, we divide the defined period into two parts. Now, we need to define the minimum and maximum of each period (not half, but the entire period), as well as the priority of their appearance. If the day's session low is formed in the first half, then we place a point in the center corresponding to the minimum price level. In the center of the right half of the time period we place another point corresponding to the maximum price level of the entire period.
If the situation is opposite and in the first half we see the maximum period, then our actions will be diametrically opposite. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance The graph above shows an example of such analysis. In the first time frame on the left, the price low is formed first, so we plot the low on the Belize Mobile Number List left time frame (the first bold blue dot on the chart), and plot the high on the time frame right (a blue dot slightly to the right). The same situation occurs in the second period. In the third, the maximum is formed first, so in the left half we place a point corresponding to the maximum price, and in the right half - the minimum. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave.
Litefinance Now, we connect the points with a line and see a pattern consisting of monowaves. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance Note that some of the monowaves can be combined into one. That is, there are two waves in the green area and two waves in the yellow area. As for the practical application of Neely's method, we do not have to draw the design manually. Simply activate the daily session in the TradingView chart settings, then you will see the automatic marking of the daily sessions where you can immediately mark the start and end points of the monowaves. There is even an easier option of building the chart using the NeoWave V0 indicator, which can be easily found in the Trading View library.
If the situation is opposite and in the first half we see the maximum period, then our actions will be diametrically opposite. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance The graph above shows an example of such analysis. In the first time frame on the left, the price low is formed first, so we plot the low on the Belize Mobile Number List left time frame (the first bold blue dot on the chart), and plot the high on the time frame right (a blue dot slightly to the right). The same situation occurs in the second period. In the third, the maximum is formed first, so in the left half we place a point corresponding to the maximum price, and in the right half - the minimum. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave.
Litefinance Now, we connect the points with a line and see a pattern consisting of monowaves. LiteFinance: Let's examine the latest, boldest interpretation of Elliott Wave Theory: Glenn Neely's NeoWave. | Litefinance Note that some of the monowaves can be combined into one. That is, there are two waves in the green area and two waves in the yellow area. As for the practical application of Neely's method, we do not have to draw the design manually. Simply activate the daily session in the TradingView chart settings, then you will see the automatic marking of the daily sessions where you can immediately mark the start and end points of the monowaves. There is even an easier option of building the chart using the NeoWave V0 indicator, which can be easily found in the Trading View library.