Introduction
Wave theory divides price action into five main phases
At the first phase, the trend is barely obvious as only a small number of traders are aware of its emerging potential.
At phase two, there is a small correction, but it never brings prices below the inception point of the trend.
Phase three is the strongest and most powerful, and also drives a large number of bystanders into the price action.
Phase four is the ensuing corrective phase, and phase five is the final, bubbling phase of the trend where everyone is bullish and massive amounts of capital enter the market. Phase five is followed by a collapse which ends the trend.
Deciding where each of these phases begins or ends is mostly a matter of intuition. As such, there are no generally accepted methods, and each trader will sooner or later improvise his own techniques for determining the time frame of a trend.
Advantages
The main advantage of the Elliott Wave Theory lies in the organisation and compactness that it grants to the chaotic and price action by re organising the market patterns into an easily understood hierarchy, the Wave Theory allows greater precision in trade decisions, increasing the trader’s confidence, All these make it possible to formulate more sophisticated and advanced strategies in trading while still keeping the necessities and implications.
One of the big advantages of using the Wave Principle when trading: you can increase your understanding of how current price action relates to the market's larger trend.
Other tools fall short in this regard. Several trend-following indicators such as oscillators and sentiment measures have their strong points, yet they generally maturity of a trend. Moreover, these technical approaches to trading are not as useful in establishing price targets as the Wave Principle.
A wave theorist will divide the price pattern into several sub-patterns and consider trade opportunities on the, the fractal nature of the price action enables the application of the theory at any timeframe.
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What you will get?
Pre-recorded videos - Yes (approx 3 hours)
Language: HINDI
E-Book: Yes
Certification: Certification from NIFM
Faculty: Analyst Inderjit Mahaur
About Course
- Introduction to ELLIOTT Wave Theory
- How it Works
- Dominant Trend
- Characteristic of each wave in Dominant Trend
- Corrective Trend
- Characteristic of each wave in Corrective Trend
- Bearish Trend
- Pattern recognition and fractals
- Rules And Guidelines
- Complete Cycle of Ellitt Wave
- Elliott Wave Basics - Impulse Pattern
- Elliott Wave with Fibonacci Nubers
- Fibonacci in Uptrend & Downtrend
- Fibonacci Retracements in Elliott Wave
Course Requirements
Computer, Laptop, ipad, tab or mobile phone required with broadband or 4G internet.
Who is this Course for?
Intraday Traders
Short Term & Long term Positional Traders
Technical & Fundamental Analysts
Whom Want to make money from share market trading
Employes at Broking & Equity Research Houses
Course Outline
Chapter 1 : Complete Course Videos on Elliott Wave Theory
Rs.3500* Rs.7500
53% OFFThis Course includes
Corporate Training
Enterprise training for Team
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