Wednesday, December 10, 2014

Basics of Elliott's Wave Theory explained in details by Deepak Kumar

Elliott observed that every financial market, stocks or financial instrument moves in zigzag formation and called it wave’s cycles. And that zigzag formation consists of a set of 5 waves in the direction of Primary/Main/Bigger trend followed by a set of 3 waves opposite to direction of main trend.

I am just copying very first chapter “Wave’s Cycle and Principles of Elliott’s Wave Theory” of my book in this Article/Lesson. And I hope this article will be enough to make you understand everything about Elliott’s Wave Cycles

Both Elliott Wave Cycles and Personalities of waves are explained in details with examples on real time chart in Separate Articles:


TheExtraIncome said...

Good and easy explanation. Sometimes it helps to read easy and helpfull stuff