Advanced Technical Analysis (Elliott Wave)
Technical studies can pick out many trading opportunities, but the Wave Principle is the framework that provides history & context, current information, and a peek at the future.
In the 1930’s R.N. Elliott observed that markets follow patterns that he called ‘waves’. The combination of Elliott Wave, Fibonacci & channeling techniques provide context to one of the most powerful market analysis. Share Gurukul’s course is not only theoretically improvised but practical guidance using live charts examples effectively help bring clarity & much needed understanding.
- How the Wave Principle can be used to predict market direction and turning points
- Characteristics of motive and corrective waves
- How to count waves correctly and avoid common counting mistakes
- The three rules of the Wave Principle and how to apply them
- Wave guidelines that help you anticipate wave distance, form and termination points
- Wave personalities — the connection between wave position and mass psychology
- Fibonacci relationships and how to use them to anticipate price movement
- Fibonacci multiples, retracements and time relationships
- How to quickly assess a price pattern.
- How to determine when there is an attractive opportunity, or when to sit on the sidelines.
- How the simplest rules and guidelines have some of the most powerful applications for trading.
- How to apply a unique Fibonacci technique to help you evaluate risk and reward
- How to identify and trade using Elliott wave pattern, the Impulse, Zigzag, Flat, Triangle & Diagonal.
- How to calculate stop levels and targets with accuracy
