What is a ZIGZAG signal formed by N-shapes and inverse N-shapes that does not repaint?
Hello today!
Inquiries into FX, this is Satori.
The weather has finally become cooler, hasn’t it?
Today, I would like to guide you from the perspective of “raising the highs and lows and lowering the highs and lows.”
What Dow Theory proposes is that trends form while highs are raised and lows are raised and lowered, but when trying to apply Elliott Wave’s five waves to real markets, it may not be so simple.
There are many interpretations of waves, after all.
However, if the previous low is not broken and price turns upward, from supply and demand relationships, buying pressure clearly exceeds selling pressure near the previous low; conversely, if the previous high is not broken and price turns downward, selling pressure clearly exceeds buying pressure near the previous high.
Related to these points, I will introduce a trading example that keeps in mind the highs and lows being raised and lowered.
The indicator used is, “MT4 Non-painting Arrow and Email Alert N-Entry Indicator.”
Incidentally, the color of the line when it goes down is red, and the color when it goes up is blue; you can freely change them.
By using this indicator, the turning points at the highs and lows become obvious at a glance, increasing the likelihood of producing results, and it may help you enter with a wave-aware mindset, contributing to skill improvement as well.
Lastly, there is an apology and correction.
We created categories such as “FX Personal Pension Institute” and “Weekly Research Trade Idea Verification Video Report,”
but as we progressed, we concluded that we should focus on the essence of the market related to today’s article.
The reason updates to these categories were slow was that they weren’t focused on the essence of the market.
Some people have registered for the “Weekly Research Trade Idea Verification Video Report,” but we are sorry that we couldn’t update it promptly.
The essence of the market refers to the Dow Theory and Elliott Wave principle that, “the market forms a trend by raising and lowering highs and lows.”
Specifically, it seems to be the action of N-entry and reverse N-entry using the “MT4 Non-painting Arrow and Email Alert N-Entry Indicator.”
For this reason, in the future we will discontinue “FX Personal Pension Institute” and “Weekly Research Trade Idea Verification Video Report,” and proceed with verification of concrete actions called N-entry and reverse N-entry.
Of course,The N-entry Indicator is more effective when used in conjunction with RSI, Stochastic, MACD, Moving Averages, Bollinger Bands, etc., so we will also conduct related verifications.
This means we will shift our policy to emphasize understanding the essence of the market.
Thank you very much for reading this far again this time.
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