Elliott Wave Theory

Have you ever heard of a charting technique that actually takes into account market psychology? If you haven't, it's time for you to get to know Mr. Ralph Neison Elliott.

Lessons on Elliott Wave Theory

1. Elliott Wave Theory

   Amidst all the chaos in the market, Mr. Elliott found order. The Elliot Wave Theory gives us a way to identify highly probable points where price is most likely to reverse.

2. The 5 - 3 Wave Patterns

   According to Elliot, a trending market moves in a 5-3 pattern. Find out what that means here.

3. ABC Correction

   The Zig-Zag, the Flat, and the Triangle are all types of ABC correction wave formations.

4. Waves Within a Wave

   Always remember that each wave is comprised of smaller wave patterns and that this pattern tends to repeat itself FOREVER.

5. The 3 Cardinal Rules and Some Guidelines

   Before you jump right into applying the Elliott Wave Theory to your trading, you must take note of the following three cardinal rules. AND entry_blog_id=35; UPDATE mt_entry SET entry_excerpt=

6. Riding Elliott's Waves

   Enough jibberjabber - it's time to see the real thing! Here's how you can apply Elliott Waves in trading.

7. Summary: Elliott Wave Theory

   Before you test your Elliott Wave skills in trading, make sure you've got its basics down to a tee.

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