INTRODUCTION There is no doubt Elliott Wave is one of those techniques that traders either love or hate. For some it’s almost a status symbol to be able to count waves. Others find it just too hard. I have looked over some online Elliott Wave forums on an occasional basis just to have a look […]
Technical Analysis Articles –
Williams %R is based on a similar concept to RSI – measuring the latest close in relation to it’s price range over a given number of days. The same concept apply to this indicator, the divergence of the indicator with price in extreme areas being the most imortant.
If you are trading using the same moving averages and stochastics indicators as everyone else, maybe it’s time to take a look at some of the revolutionary tools in Wave59. For example: The 9-5 Count – tracks price cycles (not time cycles) to determine future turning points. When a price cycle ends, the market makes […]
Volume refers to the number of contracts of a security that are traded at a given time. In the context of technical analysis, trading volume is a significant indicator that is used to measure the strength of an upwards or downwards movement. A market move that is accompanied by heavy volume is considered technically significant. […]