Elliott wave Explained

Conquer the Crash: You Can Survive and Prosper in a Deflationary Depression

HOW DIFFERENT APPROACH PROVIDES INFORMATION ON STOCK , INDEX , ETC.

The types of information you want to follow during the market day, week or month.  In truth, nearly all technical indicators fit into five categories of research. Each category can be further sub divided into leading or lagging.  Leading indicators predict where price is headed while lagging indicators report background conditions when price is already in motion:

• Trend indicators (lagging) analyze whether a market is moving up, down or sideways over time. 
• Mean reversion indicators (lagging) measure how far a price swing will stretch before a counter impulse triggers a retracement. 
• Relative strength indicators (leading) measure oscillations in buying and selling pressure.
• Momentum indicators (leading) evaluate the speed of price change over time.  
• Volume indicators (leading or lagging) tally up trades and quantify whether bulls or bear are in control.

How Can The Elliott Wave Principle Improve My Trading?

How Can The Elliott Wave Principle Improve My Trading?

1. Identifies Trend -  A five-wave advance identifies the overall trend as up. 

2. Identifies Countertrend -The three-wave pattern is a corrective response to the preceding impulse wave.

3. Determines Maturity of a Trend - As Elliott observed, wave patterns form larger and smaller versions of themselves. This repetition in form means that price activity is fractal.

4. Provides Price Targets -  Fibonacci sequence was the mathematical basis for the Wave Principle.both impulsive and corrective, adhere to specific Fibonacci proportions ,common objectives for wave 3 are 1.618 and 2.618 multiples of wave 1. In corrections, wave 2 typically ends near the .618 retracement of wave 1, and wave 
4 often tests the .382 retracement of wave 3. These high-confidence price targets allow traders to set profit-taking objectives or identify regions where the next turn in prices will occur.

5. Provides Specific Points -
Rule 1: Wave 2 can never retrace more than 100% of wave 1.

Rule 2: Wave 4 may never end in the price territory of wave 1.

Rule 3: Out of the three impulse waves -- 1, 3 and 5 -- wave 3 can never be the shortest.

   

Gold Elliott Wave count

GOLD 

> Click on chart to Enlarge it.<

Bank nifty Elliott wave count

Five wave Decline in Bank nifty.

What next??

Next move will test psychology of  crowd (Trader & Investor).simply it will be rebound.

To under stand above chart one should require knowledge of Elliott wave  theory .

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Elliott wave count

Bank Nifty 5 wave decline.

To Understand above chart one should Required Elliott wave Theory Knowledge.
for any query write us in contact form.