The setup for the Weis Wave is the difference between a wave and a stock. A wave is longer than the price movement. It consists of four parts: A trough, a main wave, a peak, and a topping wave. The top of the wave is a change in behavior. It shows the end of a trend or the beginning of a trend. Trading a change in behavior is possible because the second wave is usually shorter than the first. This allows us to place the stop below the first wave. A top shows the end of a downtrend or the beginning of an uptrend. The peak, the highest point of the wave, is a change in behavior. The peak tells the end of the trading range and the beginning of a new trading range. The main wave is the wave of the price action. The trough is the lowest point of the wave. The main wave is equal to the length of the trough plus one-half the length of the peak. In other words, the main wave is equal to the length of the trough plus half the length of the peak. The length of a wave cannot be estimated from just one wave. The length of a wave can be estimated from five to seven waves.
In summary, the 5-minute Weis Wave is the most important wave. The Weis Wave is not an oscillator. It is a trading tool. It makes trading easier by providing a specific trading range. The wave can be used to trade:
Weis Wave is used to trade in all major markets. In the forex market, the most important wave is the 5-minute wave. This is the most widely used chart in the forex market. 5-minute waves are also used in gold, silver, and oil. The Weis Wave can be applied to many other instruments such as stocks, bonds, and ETFs. This is one of the most successful tools in the history of trading. Forex Trading Toolkit
Weis Wave: Wave analysis can be done by drawing lines in the direction of the slope. The lines are usually in the direction of the slope, typically from right to left. Wave analysis can be done by the slope. Examples of slope lines are shown in the below photo. Wave analysis can be done by the price or by the volume. This is shown on the below diagram.
The color of the wave can be used to identify the type of the wave. For example, a green wave can be identified as a down-thrust and a red wave can be identified as an up-thrust. However, it is possible to identify the type of the wave without the color. In Picture 9, the down-slope is sloped to the right. This is an up-thrust.
Wave Analysis: Slope lines can be drawn in various directions. We need to distinguish between four cases. The slope of the line can be sloped to the right or up; sloped to the left or down; sloped to the right or down and sloped to the left or up. Wave analysis can be done by the price or by the volume. This is shown on the below diagram.
Picture 8 shows the up-thrust. The down-slope is sloped to the left. In the first step, the down-slope is sloped to the left. In the second step, the slope moves to the right. This is an up-thrust. If the down-slope was sloped to the right, this is a down-thrust. Wave analysis can be done by the price or by the volume. 827ec27edc