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HOW ONE CAN USE ELLIOT WAVE FOR TRADING?
Planning to write as small write up about trading using elliot wave...
Here is My Rules....
Rule No 1 (base Rule)
since Elliot Marks impulse wave as 1,2,3,4,5 and corrective wave as ABC
...1/n https://twitter.com/k_s_saravanan/status/1309763440622202880
Planning to write as small write up about trading using elliot wave...
Here is My Rules....
Rule No 1 (base Rule)
since Elliot Marks impulse wave as 1,2,3,4,5 and corrective wave as ABC
...1/n https://twitter.com/k_s_saravanan/status/1309763440622202880
here I want to say one important thing that I realized after 8 years of Practice with EW and price action...
The question is
HOW MARKET ALWAYS RAISES AND FALLS IN 5 WAVE??
2/N
The question is
HOW MARKET ALWAYS RAISES AND FALLS IN 5 WAVE??
2/N
The answer is Market not moving in 5 wave and declining in 3 wave (abc).. But THE ANALYST WHO MARKS IN SUCH WAY..so EW counts are simple documentation of market movement....
3/n
3/n
So as per base rule first we should know where the index or instrument trading.... This Thread is not going to teach how to construct EW counts.. But going to tell how one can design trade plan using these counts
4/n
4/n
People who want learn Elliot wave I recommend 2 books
1.) https://www.amazon.in/Elliott-Wave-Principle-Market-Behavior-ebook/dp/B06ZY2RQPK/ref=asc_df_B06ZY2RQPK/?tag=googleshopdes-21&linkCode=df0&hvadid=396985140909&hvpos=&hvnetw=g&hvrand=10720387911144658233&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9040218&hvtargid=pla-709581942157&psc=1&ext_vrnc=hi
1.) https://www.amazon.in/Elliott-Wave-Principle-Market-Behavior-ebook/dp/B06ZY2RQPK/ref=asc_df_B06ZY2RQPK/?tag=googleshopdes-21&linkCode=df0&hvadid=396985140909&hvpos=&hvnetw=g&hvrand=10720387911144658233&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9040218&hvtargid=pla-709581942157&psc=1&ext_vrnc=hi
second one and most important is https://www.amazon.in/dp/B009EA3DKG/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
So In based Rule I am not going to teach what is impulse and it is rules or corrction and it;s rules....
Please refer the above books for that.....
Please refer the above books for that.....
