Hey @splendorhub I've been following for about six months so I think I can answer. @haejin is an Elliot wave master and augments his wave analysis with chart patterns, hence the triangles, cup & handles and bull flags like the one in this analysis. These are his two main tools, and he uses them in tandem which seems to help confirm a projected move up or down. It's all quite fascinating and amazingly accurate.
I hope this was helpful.
@summertooth :) WOW.. thank you for the comment. Just trying to clarify my understand (as much as possible). Best wishes to you on your Steemit journey! - @splendorhub
He uses Elliot Wave's and chart patterns -- most notably pennants, flags and triangles -- in combination. He also utilizes the MACD indicator to understand trend momentum.
Hey @splendorhub I've been following for about six months so I think I can answer. @haejin is an Elliot wave master and augments his wave analysis with chart patterns, hence the triangles, cup & handles and bull flags like the one in this analysis. These are his two main tools, and he uses them in tandem which seems to help confirm a projected move up or down. It's all quite fascinating and amazingly accurate.
I hope this was helpful.
@summertooth :) WOW.. thank you for the comment. Just trying to clarify my understand (as much as possible). Best wishes to you on your Steemit journey! - @splendorhub
Start by watching his tutorial videos. They're well worth it.
Thank you :)
He uses Elliot Wave's and chart patterns -- most notably pennants, flags and triangles -- in combination. He also utilizes the MACD indicator to understand trend momentum.