The Elliott Wave: Guide to Wave counting-II
On The Elliott Wave: Guide to Wave counting-II we will focus on the latest segment of the daily chart and, then we go intraday to dissect the last part of the price action. Getting closer: the latest segment on a daily chart Now, let’s go and label the last leg, starting from the end of A,…
The Elliott Wave: Guide to Wave counting-Introduction
v Introduction One of the drawbacks of The Elliott Wave Theory is the challenge that wave-counting imposes to outsiders or rookies in the theory. When faced with a real price chart, a novel Elliott Wave trader must use a methodology to classify market movements into wave patterns, unless he or she enjoy being lost in…
Trading with The Elliott Wave – The Basics V
Flats A flat is a correction that differs from a zigzag in that its sequence is a 3-3-5 wave. The reason is that the first wave A lacks the strength to create five sub-waves. Then, B-wave finishes near the starting of A and then C, having five sub-waves that, generally, ends slightly below A,…
Trading with The Elliott Wave – The Basics IV
On Trading with The Elliott Wave – The Basics IV, we will explain the basic features of corrections and the correct way to trade them Trading corrections Market movements against the primary trend are fights between those who think that the trend is over and those that see a pullback as an opportunity to jump…
Trading with The Elliott Wave – The Basics III
On Trading with The Elliott Wave – The Basics III we will examine Impulsive wave setups Impulsive waves The standard technique is to enter on a break of the high or low of the lower order 5th wave. This breakout defines a point of invalidation of the current trend because the last low or high has been…