In my seminar, there is not only one like Lim who had managed Elliott Wave. So Ichimoku’s Wave Theory is hard difficult to change his habit when we need count the N Wave. Ichimoku is great at it can decide WHEN the price would be goal the target WHERE we can calculation the price range even we can know HOW it will go to there. So we name it 2W1H, When is The Wave Theory and Where is the Price Range Observation and How is the Wave Theory.
As we know in the data chat, there is a horizontal axis which is always moved with Time and a vertical axis which is up and down with Price. So we can use the data to check out the price where will be at there in the future. But we can not only use one theory and miss the another two theories. It must be compacted all. We say the theory is the most important of them because the price and the wave would be changed when the time has passed. You can noted the price and wave may be static even the time passed. This is why I always analyze it with Time Theory at first.
The second important is Wave Theory and I think this is so easy to learn for junior. The Time Theory is so inconceivable and learn difficult that many people had not passed it because of too many numbers and too many cycle and too many patten. So that is why Lim has learned from here.
The last is Price Range Theory. I think the price is always at there. If you have enough money and you can enter in anywhere and close it until you would win at one day.
Now let’s back the UJ’s daily chat and you can draw the micro wave just like the following picture.
I always teach the junior to count waves use close price because it is simple and clear. Now I changed to use higher and lower to demonstration it and you must know it is very important that there is one day difference with using close price. I think you had handled this wave’s counting way in the picture.
Then we would upgrade to N Wave. In Wave Theory, N Wave is the unit wave and middle wave always be seem as I Wave. So we can get new N waves image just like this:
Because the up(down) wave always be builded up by 3 waves,so then you could get new one base on the last picture.
And now we had 9 waves, I think you maybe remember something.Not yet? Let’s go on next step and still rebuild on N wave.
So it is a big 3 waves and now we have 5 waves:
Of cause we care the most care thing is HOW about in the future.Now is the Time Theory’s show. I had done my job so you can watch the final result with Time Theory.Do you surprise about it? There are too many recycle in it and you must manage it by more excises.
At here, some simple explaining:
1: a-e and e-k (42)is basic number cycle. also 33 and 12.
2: g-s and j-y(62) is Jyuugi 【重拟】of Henngi【变擬】. also 16.
3: g-j and s-y(26) is Kakugi【隔拟】 of Henngi, also 52 and 5.
I would teach you this and price range calculation next time and enjoy it.