The fifth wave in Elliott Wave Theory determines the final impulse of a larger impulse wave. And volume indicator data can often help us to identify that fifth wave. Why is this important? Well following a 5th wave, the price action will exhibit a pullback or retracement. The immediate trend is effectively over. So this is incredibly valuable intelligence that can be used to aid decision-making as part of our systematic trading strategy.

Brought to you by Darwinex: UK FCA Regulated Broker, Asset Manager & Trader Exchange where Traders can legally attract Investor Capital and charge Performance Fees: [ Ссылка ]

Follow Darwinex on LinkedIn:
[ Ссылка ]

#VolumeIndicators, #ElliottWaveTheory, #FifthWave, #Elliott5thWave, #VolumeData, #RelativeVolume, #FinalImpulseWave, #PullbackWave, #RetracementWave, #SystematicTrading, #AlgorithmicTrading, #Darwinex

This is Episode 70 in the Darwinex 'Algo Trading for a Living' Playlist, and Episode 10 of the new 'Volume Data' mini-series.

Video Contents:
00:00 Introduction
01:41 What is an Elliott Fifth Wave?
03:33 Basic Elliott Wave Theory 5-3 Pattern
04:21 Third Wave Extensions
05:13 Fifth Wave Exhaustion
07:46 Similarities and Differences to Volume Spikes
08:50 Example of Volume Data During and Elliott Fifth Wave
11:06 Summary and Conclusions

Content Disclaimer: Past performance is not a reliable indicator of future results. The contents of this video (and all other videos by the presenter) are for educational purposes only and are not to be construed as financial and/or investment advice.

Risk disclosure: [ Ссылка ]

свернуть