Me too, I'm a bit confused about ewaves

[Jethro69]

Hi guys,

I'm trying to figure out a bit how the ewaves work, and I must say it's confusing for me right now. Below one shot (screen), where I tried to figure out a bit the waves, just to find a bit later 12min in this case that everything is changing. (whew)

Are i'm at least right that blue lines should be an Up-trend, red for a Down-trend.
The other question, is it true that the first line drawn in the chart is already the 3th wave?

eurusdm1.png

eurusdm1_1.png

[immy]

Hi guys,

I'm trying to figure out a bit how the ewaves work, and I must say it's confusing for me right now. Below one shot (screen), where I tried to figure out a bit the waves, just to find a bit later 12min in this case that everything is changing. (whew)

Are i'm at least right that blue lines should be an Up-trend, red for a Down-trend.
The other question, is it true that the first line drawn in the chart is already the 3th wave?

eurusdm1.png

eurusdm1_1.png

Firstly, thank you very much for raising this. Don't worry everyone gets confused to begin with. You probably don't have to worry about waves for now. Must focus on the setup and focus on waves later. Having said that, before I answer your questions please confirm have you read the eBook 10s Elliott wave?

[Jethro69]

Hi guys,

I'm trying to figure out a bit how the ewaves work, and I must say it's confusing for me right now. Below one shot (screen), where I tried to figure out a bit the waves, just to find a bit later 12min in this case that everything is changing. (whew)

Are i'm at least right that blue lines should be an Up-trend, red for a Down-trend.
The other question, is it true that the first line drawn in the chart is already the 3th wave?

eurusdm1.png

eurusdm1_1.png

Firstly, thank you very much for raising this. Don't worry everyone gets confused to begin with. You probably don't have to worry about waves for now. Must focus on the setup and focus on waves later. Having said that, before I answer your questions please confirm have you read the eBook 10s Elliott wave?

Yes Immy,

although only one time by now, but I read also the links Steve was posting in a similar thread. Was my counting on the first picture somehow reasonable, or was that complete BS (rofl)

[immy]

Hi guys,

I'm trying to figure out a bit how the ewaves work, and I must say it's confusing for me right now. Below one shot (screen), where I tried to figure out a bit the waves, just to find a bit later 12min in this case that everything is changing. (whew)

Are i'm at least right that blue lines should be an Up-trend, red for a Down-trend.
The other question, is it true that the first line drawn in the chart is already the 3th wave?

eurusdm1.png

eurusdm1_1.png

Firstly, thank you very much for raising this. Don't worry everyone gets confused to begin with. You probably don't have to worry about waves for now. Must focus on the setup and focus on waves later. Having said that, before I answer your questions please confirm have you read the eBook 10s Elliott wave?

Yes Immy,

although only one time by now, but I read also the links Steve was posting in a similar thread. Was my counting on the first picture somehow reasonable, or was that complete BS (rofl)

You don't have to count mate... its written on the bars... eWave is simply this... It says, that on this time frame, there is a high probability that based on what's happened in the past seems to be (lets suppose) wave 3 and based on that it appears that it should be wave 4 (if the eWavewas Green and showing 3 and then it turns into red, just one bar red is enough) and then its says, that if the eWave turns green again and price goes above the high or what we think is 3, then this price move may be considered as 5. And if that happens that there is a high probability that this new wave 5 may end somwhere between TZ1 and TZ2. Now this is what we call prediction but prediction based on "probability" not concrete "crystal ball" stuff. We are certain that tomorrow morning the sun will appear/rise at a fixed time-space but there is a certain degree of probabiity, however very low, that it may not arise at that specific point in time-space reality. I hope it makes sense. if not, just focus on setup and forget about counting waves, its all bull shit any way...