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A hammer always has a black real body

A hammer comes after market rallies

A hammer has no lower shadow

A hammer need not be confirmed by other indicators

In the exponential moving average more weight is given to volume on higher volume days

The simple moving average is the geometric mean of previous prices

The linear weighted average addresses the problem of including only the price action covered by the length of the average itself

A shorter term moving average more closely tracks price action

RSI = 100 - (100/(1 X RS))

RSI = 100 - (100/(100 + RS))

RSI = 100 - (100/(1 + RS))

RSI = 100 + (100/(1 + RS))

New Net Highs & New Net Lows

Net Ticks

Arms Index

Consumer Confidence Index

Williams %R

Stochastics

Relative Strength Index

The Sentix Index

Triangles are usually second waves preceding a longer third wave

Waves can be expanded into longer waves and subdivided into shorter waves

In the stock market, wave 5 is the most common to extend

The Pythagorean theorem is the mathematical basis for Elliott Wave Theory

A Simple Moving Average

An Oscillator

An Exponential Moving Average

A Linear Regression Line

It using up much of any potential gain after a breakout

It is also moving farther from any realistic protective stop level

It is increasing the risk

It using up much of any potential gain just before a breakout