Every day, the mainstream financial experts attempt to explain away fluctuations in stock market trends with some “fundamental factor” du jour, all of which boil down to this: good news causes a market to rise and bad news — to fall.
Elliott Wave International (EWI) is hosting a free Trader Education Week, October 12-18. Register now and get instant access to free trading resources — and you’ll receivemore lessons as they’re unlocked each day of the event. Plus, you’ll be invited to attend a live, online webinar with Jeffrey Kennedy on October 13 and have the opportunity to ask him questions about the lesson he teaches that day.
See examples of a head-and-shoulders pattern in a chart of SPY By Elliott Wave International A head-and-shoulders pattern is one of the most well-known classic chart patterns. In this 4-minute video from Jeffrey Kennedy’s Trader’s Classroom, you’ll see an example of a bearish head-and-shoulders formation and a bullish, inverted head-and-shoulders pattern in the chart of […]
Looks the Elliot 5 wave count for US Dollar index possibly. Next move in elliot will be corrective moves with ABC Pattern as shown below Possibly the Dollar Game Show Ends!!!! Source: www.marketcalls.in
Nifty Breaks the resistance 2724 levels and tested 2800 levels. So Iam reconsructing the Short Term Elliot Wave Count structue. As a 5 wave structure is not possible as Simple Elliot Rules are broken as mentioned in my last post 5EMA EOD support at 2651 Source: www.marketcalls.in
As per http://blog.afraidtotrade.com/the-three-hard-rules-of-elliott-wave-theory/ Elliot Simple Rules to Follow : 1. Wave #2 Cannot Retrace 100% of Wave #12. Wave #3 Cannot be the Shortest Wave (but does not have to be the longest)3. Wave #4 Cannot Enter the Territory of Wave #1 As Per rule 3 wave 4 cannot enter the terrtirory of wave […]
Daily wave shows we are in the progress of making 2-4-3 downwave. Possibly this wave could end near 2362 which is 161.8% of downward retracement between the 3147-2662(i.e 161.8% of retracement from the 2-4-1 wave). Just for ReadingsFor those Who intrested in reading Elliot wave patterns. Elliot Wave where are we in the wave Structure […]
Iam not an Expert with Elliot Wave count but still striving to fine tune my knowledge in wave counts.I like to continue the analysis of Mr Corey Rosebloom about Elliott Wave on the Indian Stock Exchange Charts Shown here is the 2 month chart of Nifty with Possible Wave Count. Chart shows major waves […]