Category Archives: Elliot Wave

Technical Analysis Elliott Waves Part 7

Trend Channels Waves and Trend Channels Trend channels are an important tool to see which waves belong together. Trend channels can be used to project price targets. Special offer: “Capturing Profit with technical Analysis” Figure 7.25: Wave trend channels. Trend channels are parallel lines that capture the price move of a wave pattern (figure 7.25).… Read More »

Technical Analysis Elliott Waves Part 6

Triangles A triangle correction pattern has the form of a triangle. Special offer: “Capturing Profit with technical Analysis” Figure 7.24: Different types of triangle correction patterns. Figure 7.24 shows the different types of triangle correction patterns. The triangle is a correction pattern consisting of five waves identified with the letters ABCDE. The triangle is drawn… Read More »

Technical Analysis Elliott Waves Part 5

Flat Corrections Flat corrections are very common. Figure 7.23: Flat corrections. Special offer: “Capturing Profit with technical Analysis” Note in figure 7.23 that waves A and B of a flat correction are both three-wave correction patterns. Wave C is an impulse pattern and usually does not pass much farther than the end of wave A.… Read More »

Technical Analysis Elliott Waves Part 4

Correction Patterns Recognizing correction waves is more difficult than recognizing impulse waves. There are more correction patterns than impulse patterns. Correction patterns have the tendency to develop more complex combinations. The most important rule is that a correction wave of the same order can never have 5 waves. Only impulse waves have 5 waves. A… Read More »

Technical Analysis Elliott Waves Part 3

Memulakan Wave Wedge Impulse Gelombang impuls baji permulaan hanya boleh muncul dalam gelombang 1 atau A. Rajah 7.16: Memulakan gelombang impuls baji. Dalam rajah 7.16, mungkin terdapat pada mulanya, beberapa kekeliruan apabila gelombang 3 dan 4, dalam gelombang impuls baji permulaan, dilihat sebagai permulaan gelombang lanjutan 1 dan 2. Anda mesti mengenali gelombang impuls baji… Read More »