Showing posts with label waves. Show all posts
Showing posts with label waves. Show all posts

Thursday, January 2, 2020

Elliott Wave By Example - Part 1


There are just three straight forward rules that you need to remember. In a five-wave progressions,
·         Rule 1: Wave 2 can never retrace more than 100% of wave 1.
·         Rule 2: Wave 4 may never end in the price territory of wave 1.
·         Rule 3: Out of the three impulse waves -- 1, 3 and 5 -- wave 3 can never be the shortest.



Wave 2 can never retrace more than 100% of wave 1.
Wave 4 may never end in the price territory of wave 1.
Out of the three impulse waves -- 1, 3 and 5 -- wave 3 can never be the shortest.



Wednesday, January 2, 2019

Welcome to Elliott Waves Journal

Hi All,
I am starting a new blog Elliott Waves Journal 02-Jan-2019.

This blog will mainly focus on Wave counts in different time frames, using the Rules & Guidelines which is given in the book "Elliott Wave Principle" by Robert Prechter.

Will also post my analyses for study purpose.

Thanks.

QUICK LINKS:

GOLD/XAUUSD ANALYSIS JULY 2021

PREVIOUS ANALYSIS https://rajtechanalysis.blogspot.com/2021/06/goldxauusd-analysis-june-2021.html Long term analysis included in the above p...