"elliott wave" Topic (5)

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  • December 19th, 2022

Your Fibonacci Levels Are Probably Wrong

The Problem with Fibonacci Levels

Fibonacci ratios are everywhere in the world of trading, whether you trade forex, cryptos, stocks, futures, or “other”. It’s very common for traders to rely on key Fibonacci extension and retracement levels in their trading. Also, it’s well known that Fibonacci ratios are a particularly important aspect of Elliott Wave trading.

However, unless you’re using WaveBasis, it’s likely that the Fibonacci levels you’re following are often arbitrary and plain wrong. » » »

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  • April 26th, 2021

Getting best results with the WaveBasis Wave Scanner

If you’re like most traders, you want to be able to click a button and have the perfect trading opportunities available to you, ready for the taking. The Wave Scanner gadget isn’t a magic bullet, since there is no such thing, but it can quickly guide you toward trades that best fit your specific trading objectives. » » »

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  • May 10th, 2020

Making sense of wave projections at multiple timeframes

If you’ve ever reached out to us for support, you’ve probably discovered how enthusiastic and knowledgable our support staff are. That’s because everyone on our support staff is actually a trader themselves. Our mission is to make traders happier and more successful. So, our support staff often go well above and beyond the call of duty to help our users learn to use the WaveBasis platform in the best ways for their particular trading style and objectives.

Here’s one trader’s response to his experience with our support staff:

“Thanks, you guys are truly the best! Excellent software and superior customer service. “

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  • April 17th, 2019

Where should I start an Elliott Wave count?

Where to begin an Elliott Wave analysis is the single most important decision you can make before creating a wave count. This is true whether you create a wave count manually or use the automatic wave counting tools that are built into WaveBasis. And, it’s the most important parameter that you can set before computing an automatic wave count on the WaveBasis platform. This is an aspect of Elliott Wave analysis that many new practitioners struggle with or overlook completely. It’s also one of the most common points of confusion for those who are new to WaveBasis. » » »

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  • June 14th, 2018

Explaining Elliott Wave Analysis to someone for the first time

If you’ve ever tried to explain Elliott Wave analysis to someone, particularly a friend or family member who might not be familiar with Technical Analysis in general, you might have seen the look of complete confusion » » »

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