Have you
ever heard of a charting technique that actually takes into account market
psychology? If you haven't, it's time for you to get to know Mr. Ralph Neison
Elliott.
Lessons on Elliott Wave Theory
1.
Elliott Wave Theory
Amidst
all the chaos in the market, Mr. Elliott found order. The Elliot Wave Theory
gives us a way to identify highly probable points where price is most likely to
reverse.
2.
The 5 - 3 Wave Patterns
According
to Elliot, a trending market moves in a 5-3 pattern. Find out what that means
here.
3.
ABC Correction
The
Zig-Zag, the Flat, and the Triangle are all types of ABC correction wave
formations.
4.
Waves Within a Wave
Always
remember that each wave is comprised of smaller wave patterns and that this
pattern tends to repeat itself FOREVER.
5.
The 3 Cardinal Rules and Some Guidelines
Before
you jump right into applying the Elliott Wave Theory to your trading, you must
take note of the following three cardinal rules. AND entry_blog_id=35; UPDATE
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6.
Riding Elliott's Waves
Enough
jibberjabber - it's time to see the real thing! Here's how you can apply
Elliott Waves in trading.
7.
Summary: Elliott Wave Theory
Before
you test your Elliott Wave skills in trading, make sure you've got its basics
down to a tee.
