5 Types of Elliott Wave Patterns to understand Market Behaviour (🧵)

Before we dig in, what exactly is the Elliott Wave Theory?

The Theory suggests that the #stock priced move continously up & down in the same pattern known as waves👇

The underlying theory behind these waves is #Trader Psychology. The Theory suggests that these patterns are recurring in nature👇
1. Motive Waves: These move in the direction of the main #trend and consists of 5 waves that are labeled as Wave 1..2..3..and so on👇
Wave 1,2 and 3 move in the main direction, whereas Wave 2 and 4 move in the opposite direction. There are 2 types of Motive Waves: Impulse and Diagonal Waves
2. Corrective Waves: These are known to counter the main trend. They are more complex and time-consuming than motive Waves👇
Correction patterns are made up of 3 three waves, labelled as A, B, C👇
These three main types of corrective Waves are Ziz-zag, Diagonal and Triangle Waves

Now, let's discover the five types of Patterns: 👇
1. Impulse: The most common Wave in the market. It has five sub-waves and two corrective Waves formed in a 5-3-5-3-5 structure. If the structure rules are violated, we have to re-label the wave👇
The main rules are: Wave 2 cannot retrace more than 100% of Wave 1, Wave 3 cannot be the shortest among Wave 1,3,5, and Wave 4 can never overlap Wave 1👇
2. Diagonal: Another wave consisting of 5 sub-waves, moving in the trend direction.

The Diagonal looks like a wedge and maybe expanding/contracting👇
Like other motive Waves, each sub-wave of the Diagonal Wave does not fully retrace the previous sub-wave👇
3. Zig-zag: A Corrective Wave made up of 3 waves labelled as A, B, C with a strong up/down movement.

The A and C waves are the motive Waves, whereas the B Wave is corrective👇
These patterns are sharp declines in a bull rally or advances in a bear rally, substantially correcting the #price level of the previous impulse patterns👇
4. Flat: The flat is another 3-wave correction in which the sub-waves are formed in a 3-3-5 structure. The name flat has been given because it generally moves sideways👇
5. Triangle: Consists of 5 sub-waves in a 3-3-3-3-3 structure. The corrective pattern shows a balance of forces and travels Sideways

It may be expanding, where each sub-wave gets bigger or contracting, whether they form a wedge. 👇
Read the entire blog here: https://t.co/izP6TzBB1u
To master Elliott Waves in live markets, enroll in this webinar by @kyalashish, where explains #Options Trading using #ElliottWaves and #Ichomoku Cloud:

https://t.co/t9iAT7OzJJ

More from All

How can we use language supervision to learn better visual representations for robotics?

Introducing Voltron: Language-Driven Representation Learning for Robotics!

Paper: https://t.co/gIsRPtSjKz
Models: https://t.co/NOB3cpATYG
Evaluation: https://t.co/aOzQu95J8z

🧵👇(1 / 12)


Videos of humans performing everyday tasks (Something-Something-v2, Ego4D) offer a rich and diverse resource for learning representations for robotic manipulation.

Yet, an underused part of these datasets are the rich, natural language annotations accompanying each video. (2/12)

The Voltron framework offers a simple way to use language supervision to shape representation learning, building off of prior work in representations for robotics like MVP (
https://t.co/Pb0mk9hb4i) and R3M (https://t.co/o2Fkc3fP0e).

The secret is *balance* (3/12)

Starting with a masked autoencoder over frames from these video clips, make a choice:

1) Condition on language and improve our ability to reconstruct the scene.

2) Generate language given the visual representation and improve our ability to describe what's happening. (4/12)

By trading off *conditioning* and *generation* we show that we can learn 1) better representations than prior methods, and 2) explicitly shape the balance of low and high-level features captured.

Why is the ability to shape this balance important? (5/12)

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From today, we will memorize the names of 27 Nakshatras in Vedic Jyotish to never forget in life.

I will write 4 names. Repeat them in SAME sequence twice in morning, noon, evening. Each day, revise new names + recall all previously learnt names.

Pls RT if you are in.

2

Today's Nakshatras are:-

1. Ashwini - अश्विनी

2. Bharani - भरणी

3. Krittika - कृत्तिका

4. Rohini - रोहिणी

Ashwini - अश्विनी is the FIRST Nakshatra.

Repeat these names TWICE now, tomorrow morning, noon and evening. Like this tweet if you have revised 8 times as told.

3

Today's Nakshatras are:-

5. Mrigashira - मृगशिरा

6. Ardra - आर्द्रा

7. Punarvasu - पुनर्वसु

8. Pushya - पुष्य

First recall previously learnt Nakshatras twice. Then recite these TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet only after doing so.

4

Today's Nakshatras are:-

9. Ashlesha - अश्लेषा

10. Magha - मघा

11. Purvaphalguni - पूर्वाफाल्गुनी

12. Uttaraphalguni - उत्तराफाल्गुनी

Purva means that comes before (P se Purva, P se pehele), and Uttara comes later.

Read next tweet too.

5

Purva, Uttara prefixes come in other Nakshatras too. Purva= pehele wala. Remember.

First recall previously learnt 8 Nakshatras twice. Then recite those in Tweet #4 TWICE now, tomorrow morning, noon & evening in SAME order. Like this tweet if you have read Tweets #4 & 5, both.