Video Tutorial

Elliott Wave Tutorial 1 of 5 - Impulse vs Correction Wave

 

Elliott Wave Tutorial 2 of 5 - Flat Patterns 


Elliott Wave Tutorial 3 of 5 - Zig-Zags and Triangles
 
  
Elliott Wave Tutorial 4 of 5 - Diagonal and 1,2,1,2 Patterns

 Elliott Wave Tutorial 5 of 5 - WXY and WXYXZ


 


 

Comments

Post a Comment

Popular posts from this blog

My Trading Journey

Hello friends, I am Aditya Pathak. I am full time working in software industry. I came in trading because I wanted to open a second source of income. My trading journey started in 2008, 2-3 month before the RPower IPO. The first stock I bought was the Jagran Prakashan. I kept it for 2 weeks but it never gone up. I was totally a kid for stock market but that time I did not do the intraday or FNO. I kept my self involved only in  delivery based trading because at that time I did not have capital for FNO. First Phase: Like any other trader I started to gain the basic knowledge  of technical analysis. That time YouTube did not have technical analysis training videos, so I started to learn with website like Investopedia  etc, My delivery stocks were doing good but I was in hurry so I thought, I should try intraday trading. I sold all my stocks and with that money I started the intraday trading. Because I knew nothing abo...
Read more

Inverse Cup Handle and Elliot Wave 1-2 Difference

Image
I hope you know what is cup and handle pattern. If you  do not know then visit this link . Here I am talking about Inverse Cup and handle that is the opposite of Cup and Handle Patten. We should carefully check that, the second low should be lower than the first low of the Inverse cup. If this happens then it removes probability of Elliot wave formation because it violate the rule one i.e. Wave 2 should not retrace more then 100% of wave 1. Valid Inverse Cup and handle: Invalid Inverse Cup and handle: If we consider this as Inverse Cup and Handle pattern  and you are hoping that price will go down then you are wrong because Clearly it is  forming the Elliot wave. The move that you considering the handle of cup is the starting of wave 3. 
Read more

What You Can Do with Elliot Wave?

Image
If you have read my previous Blogs  and  you do not know about Elliot wave then please read wiki It has three Basic rules: Wave 2 never retraces more than 100% of wave 1. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation. Elliot Wave provides following benefits that a trader desperately need for a profitable trade: 1.Current Direction and Next Direction of the Trading Entity Just at a glance of the chart and Fibonacci calculation can tell you where we are and what will be the next move. 2. Anticipatory Trade for Next Move.  You must have heard about anticipatory bail 😊. Have you ever thought that we can place trade orders in the anticipation of a movement. Yes friends with the help of Elliot wave calculations we can anticipate the next move and so we can place our ...
Read more