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Elliott Wave, using MACD to determine the wave level, with and only unique

  1. 1 Posts.
    Many friends who study waves will encounter bottlenecks after a certain period of time. The wave level.In this article, I explain the level of waves with a very simple MACD principle
    This method is not completely accurate.But as a reference method, it can save time and cost to a great extent.
    Wave as a large frame structure, many details are not perfect. Elliott waves principle keyto market behavior's wave detail processing is just a reference direction, and there is a certain probability in practical application.Learning waves requires reading a variety of books to integrate a lot of knowledge and supplement the framework of waves

    1.Current level 5 wave structure,MACD draw back 0 line,once divergence
    1)2 and 4 wave tail MACD draw back 0 line
    2)3 wave energy is the strongest
    3)5 wave with and only unique once divergence
    https://hotcopper.com.au/data/attachments/2802/2802793-fb3e1f32d760a691090cdfd1e289b63f.jpg
    Small level
    https://hotcopper.com.au/data/attachments/2802/2802799-aa3caaef7bc68612feff006ca50b45ee.jpg
    Large level
    https://hotcopper.com.au/data/attachments/2802/2802796-e6fa10167f76d92fefca3ecbb23b27c7.jpg
    If the market deviates from many times, then the current wave level is small
    If the market starting point is not near the macd 0 line, then the current wave level is too large
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    2.Current level ABC structure
    1)A wave MACD returns to the 0 line or crossing 0 line
    2)B wave hovers near MACD 0 line,The end of Bc must be pulled back near 0 line
    3)Comparison of C wave and a wave,The energy of MACD is obviously weakened.Reference MACD red and green column area
    https://hotcopper.com.au/data/attachments/2802/2802790-5be379c919b90f76568109d9c5588e9d.jpghttps://hotcopper.com.au/data/attachments/2802/2802787-468e2e3b007478f83c1efc3f70ff681e.jpg
    PS:In irregular ABC structure(Bwave over 1wave crest,C wave is higher than A wave),In the current level of MACD,C wave must return to the 0 line.
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