Global Research 1 艾艾艾艾艾艾艾 艾艾艾艾 Murray Gunn CFTe Head of Technical Analysis HSBC Bank plc +44 20 7991 6797 [email protected]艾艾艾艾 2011 艾 7 艾 View HSBC Global Research at: http://www.research.hsbc.com Issuer of report: HSBC Bank plc Disclosures and Disclaimer This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it
技术分析. 艾略特波浪理论 入门介绍. 2011 年 7 月. Murray Gunn CFTe Head of Technical Analysis HSBC Bank plc +44 20 7991 6797 [email protected]. View HSBC Global Research at: http://www.research.hsbc.com Issuer of report: HSBC Bank plc - PowerPoint PPT Presentation
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View HSBC Global Research at: http://www.research.hsbc.comIssuer of report: HSBC Bank plcDisclosures and Disclaimer This report must be read with the disclosures and the analyst certifications in the Disclosure appendix, and with the Disclaimer, which forms part of it
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让你的朋友惊叹的数字游戏!Write down any two whole numbers with the lower number on the left. Add them together to create a third number and write that down next to the second number. Then add that third number to the second number to create a fourth number. Repeat the process another seven times.Finally, divide the last number in the series by the second last number.
2nd waves of a motive wave can be very deep but they cannot move beyond the start of wave 1.
3rd waves are usually the most powerful. They can be shorter than 1 or 5 but they must never be the shortest of 1,3 and 5.
The end of the 4th wave must never overlap the end of wave 1. Note that if wave 4 is a flat or a triangle the first corrective waves could overlap wave 1 so long as the ending wave does not.
Zig Zag then Triangle Flat then Zig Zag
2nd waves tend to be zig zags and 4th waves tend to be triangles or flats.
When wave 3 is extended, wave 5 will tend to end when it equals the size of wave 1 or a ratio such as 1.618 times the size of wave 1.
A 4th wave will tend to finish in the price zone of wave 4 of the just ended wave 3.
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延伸 延伸(九浪) 终结楔形
引导楔形 扩张楔形 衰竭的第 5 浪
推动浪
(1)
(9)
5
(5)
(4)
(3)
(2)
3
2
1
(8)
(7)
(6)
(5)
(4)
(2)
(3)
(1)
(5)
(4)
(3)
(2)
(1)
5
4
3
2
1
(5)
(4)
(3)
(2)
(1)
(5)
(4)
(5)
(4)
(3)
(2)
(1)
(3)
(2)
(1)
5
5
4
3
2
1
5
4
3
2
1
4
3
2
1
Extensions occur when one of the motive waves is prolonged and subdivides into amplified waves. Frequently occurring in the wave 3 position, normally only one wave within a motive wave will be extended.
Quite rarely an extension will occur where each subdivided wave is of roughly equal amplitude. This results in the entire motive wave looking like a nine wave move.
Also known as a rising or falling wedge, the ending diagonal is a 5th wave that can subdivide into five overlapping waves of 3 waves each (zigzags). It is a sign of an exhausted trend.
The leading diagonal can also subdivide into five overlapping waves of the normal 5 motive 3 corrective waves. Divergence between price and oscillators are normal characteristics of diagonals.
Added to Ellliott’s original work after observations by Frost & Prechter, a diagonal can also occur in the wave 1 position and subdivides into five waves of three moves.
A 5th wave that subdivides into fives waves of three. The expanding nature of the price action points to increasing volatility that can signal the end of a trend.
Sometimes the trend is so exhausted by the time the 5th wave comes that the wave does not even move past the wave 3 top or bottom. It is a sign of a very tired market trend.
A sharp correction consisting of two motive waves (A) and (C) separated by a corrective wave (B).
A sideways correction where wave (B) retraces close to 100% of wave (A) followed by a motive wave (C) sharp move.
Also known as an Irregular Flat, this is a sideways correction where wave (B) retraces more than 100% of wave (A) followed by a motive wave (C) sharp move.
Triangles usually occur in the 4th wave position of a motive wave and represent periods of equilibrium between bulls and bears. They consist of five waves A-B-C-D-E each subdividing into three waves.
The reverse symmetrical or expanding triangle is relatively rare.
This pattern reflects a situation where there is equilibrium in the price but the bulls are increasingly gaining the upper hand resulting in an upward break in price.
This pattern reflects a situation where there is equilibrium in the price but the bears are increasingly gaining the upper hand resulting in a downward break in price.
艾略特观察到价格调整的几种形式。其中两种形式是锯齿型和平台型,分别由三个波浪构成。最后的 C 浪是推动浪,势头强劲,主要是因为市场参与者群体恐慌心理,集体逃出市场。这个过程清除了市场上的“弱手”,市场走势也得以持续。第三种形式是三角型态,包含五个波浪运动。
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复杂型态的修正浪
双重三浪 三重三浪
双重三浪 (Flat, Any Three, Triangle) 三重三浪 (Zig Zag, Any Three, Flat, Any Three, Flat)
Double threes consist of two A-B-C corrections labelled W and Y separated by a wave labelled as X which is also a three wave correction.
Triple threes consist of three A-B-C corrections labelled W, Y and Z separated by two waves labelled as X which are also three wave corrections.
In this example, the first A-B-C corrective wave is an expanded flat (3-3-5). That whole correction is then labelled as (W). Wave (X) can then be any three wave correction (zig zag or flat). Finally wave (Y) in this example is a triangle (3-3-3-3-3) which then completes the double three correction. When can we be sure that a complex correction is unfolding? At the wave (W) low it is possible that the entire correction is completed in an expanded flat but when wave (X) unfolds in three waves and then declines below the B of (X) low the analyst can be very confident that a double (or triple) three is the preferred outcome.
In this example, the first A-B-C corrective wave is a zig zag (5-3-5). That correction is then labelled as (W). Wave (X) can then be any three wave correction (zig zag or flat). Wave (Y) in this example is a regular flat which then completes a double three correction. There is then another three wave correction which, when the B wave high in this example is surpassed, can be labelled as another wave (X). Finally there is an expanded flat A-B-C to complete the triple three complex correction.
Disclosure appendix Analyst Certification The following analyst(s), economist(s), and/or strategist(s) who is(are) primarily responsible for this report, certifies(y) that the opinion(s) on the subject security(ies) or issuer(s) and/or any other views or forecasts expressed herein accurately reflect their personal view(s) and that no part of their compensation was, is or will be directly or indirectly related to the specific recommendation(s) or views contained in this research report: Murray Gunn
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