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Scenario-based Elliott Wave analysis of crypto, precious metals, stocks and indices — built around clear invalidation levels, targets and Fibonacci relationships. Not signals. Not hype.

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Elliott Wave library

Seven structured guides covering impulses, corrections, triangles, diagonals and alternation — the exact framework behind every analysis on the channel.

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A reference library for understanding market structure, targets and Fibonacci relationships

Explore a structured guide to Elliott Wave theory and its core principles.

Alternation in Elliott Wave Structures

Image: Alternation between sharp single zigzag in wave 2 and complex sideways structure in wave 4 Elliott Wave patterns tend […]

Complex Sideways Corrections

Complex sideways combinations are corrective structures that create prolonged, overlapping, and range-bound price action. Note: Complex zigzag combinations are covered in

Flats

Rules All flat corrections consist of three waves, labeled A, B, and C. Waves A and B must subdivide into

Triangles

Rules All triangles consist of five corrective waves, labeled A, B, C, D, and E. A triangle can only appear

Impulses

Rules An impulse consists of five internal waves. Waves 1 and 5 must always be either impulses or diagonals, while

Zigzag

Rules A zigzag is a corrective pattern composed of three waves, labeled A, B, and C. Wave A must unfold

Diagonals

Rules All diagonals consist of five waves. Diagonals can be either leading or ending, depending on whether they form at
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MellanTrading

I'm Mellan, and this site is all about Elliott Wave-based market analysis.

My analyses are scenario-based, probability-driven, and built around clear invalidation levels rather than predictions.

My goal is to provide clear market structure analyses, context, and risk awareness — not signals or hype.

This site is for educational purposes only and does not provide financial advice.

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