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EWT Community intro post by ew-and-patterns

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· @ew-and-patterns · (edited)
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EWT Community intro post
# This is a small intro post for the EWT community
##### If you know about the symmetry in nature (especially observable in plants) let me tell you that this symmetry is a law of nature and can be found in anything if you look closely enough (even in the stock market). It is everywhere...
##### To interested observers, it is very obvious that this world we live in (the entire universe) is delicately built on what we call "math".
##### These math patterns also appear and reappear countless times in every market (which has enough liquidity to function properly).
##### The most basic pattern of markets is three steps forward, two steps back. This is called an impulse wave (1-2-3-4-5) and a correction (ABC):

![imp.JPG](https://cdn.steemitimages.com/DQmXkTnZwos7n2gw2G1WBnHrwhgbcM5ZGj7MNCYwXYTD5g9/imp.JPG)
##### The "waves" of the markets can be described with "impulse waves and corrections".
##### The corrections can take many different forms and there are many rules to them, but these are the most basic corrections: 

![asddsfg.JPG](https://cdn.steemitimages.com/DQmbV9GhpwPNUEMQiFP92jbyAyCs5PDyy2WANRrFwakdc2f/asddsfg.JPG)
##### I guess it is obvious by now that it is easy to make consistent profits in the markets if you are able to identify the most common patterns.
##### Elliott waves give the Trader an edge in the market if he is able to ignore his emotions like FUD or FOMO.
##### EWT is black and white. There are rules that need to be met. If they are not met, the count you have is 100% incorrect. That is why it is so easy to set appropriate stops with EWT. You ALWAYS know before entering a trade where you need to get out of the market because your analysis was wrong.
##### EWT is all about probabilities. No Trader is right 100% of the time. If anybody tells you something different, run... 
##### But you don't need to be right all the time because you can set tight stops. 
##### In fact, there are profitable Traders with a win rate of only 30%. But their winners are way bigger than their losers. It is all about money management (MM)...
### That's it for the intro post. Stay tuned and subscribe...
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vote details (57)
@aghedo2025 ·
U are right. The nature is built of math
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@blesspatrick ·
Please continue teaching. It is very interesting to learn other ways to à analyse the market. 
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@comradejoe ·
Very wonderful and interesting illustration 
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@steemitboard ·
Congratulations @ew-and-patterns! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :

<table><tr><td><img src="https://steemitimages.com/60x70/http://steemitboard.com/@ew-and-patterns/votes.png?202002212258"></td><td>You distributed more than 64000 upvotes. Your next target is to reach 65000 upvotes.</td></tr>
</table>

<sub>_You can view [your badges on your Steem Board](https://steemitboard.com/@ew-and-patterns) and compare to others on the [Steem Ranking](https://steemitboard.com/ranking/index.php?name=ew-and-patterns)_</sub>
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To support your work, I also upvoted your post!


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@stranger27 ·
Looking forward for the next posts on this topic. Also iw would be interesting to propose readers a task to analyse waves on real charts and after that describe your vision.
👍  
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vote details (1)
@ew-and-patterns ·
Thanks for the suggestion. I'll do that occasionally whenever I find a chart that is not too difficult or has too many alternates.
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