Practice on Elliott wave theory || How to identify waves Basics

The Elliott Wave Theory is a method of technical analysis that is used to predict the behavior of financial markets. It was developed by Ralph Nelson Elliott in the 1930s and is based on the idea that stock market prices move in predictable patterns, or waves. The theory states that these patterns repeat themselves and that by identifying and analyzing the current wave, one can predict the direction of future market movements.

The theory defines a complete market cycle as a sequence of five waves in the direction of the trend and three waves counter to the trend. The five waves in the direction of the trend are labeled as 1, 2, 3, 4 and 5, where wave 1 and 3 are impulsive waves and wave 2 and 4 are corrective waves. The three waves counter to the trend are labeled A, B, and C, where wave A and C are impulsive and wave B is corrective.

The Elliott wave theory is widely used by traders and investors to predict market trends and make trading decisions. However, it is important to note that the theory is not universally accepted and some critics argue that its predictions are often subjective and open to interpretation.

[vivekp]

I will be attached with you
Because honestly you are explaining secrets
My prediction is you will become a top expert, not only in India may be in the world
After becoming just mimorise me.

[rajeshguddi]

Thank you Sir ..Amazing so easy ton understand video. info.

[MHupgread]

Very well explain in simple language
😍😍😍

[dna]

Ek he dil hai sir ji. Kitni baar jeetoge.. Hats off u sir🎉🎉🎉

[kaushikroychowdhury]

Excellent teaching! Plz, carry on sir. Thanks for your effort for Elliott wave learners.

[yaseenpatel]

Excellent knowledge sharing, 👌
Thanks for sharing sir ji 🙏

[Bharattanwar]

You are really Excellent, intelligent, undoubtedly Honest trainer sir. Wants to learn more from you. And thanks a lot Sir 🥰🙏

[stockmarketam]

Isko bolte hai laddooo thali mein paros k dena🇮🇳🎉🎉🎉💯💯..

Thank you sir..
Amazing learning 🙏

[aparnnalaxmiraveendran]

Thanks a lot. You are a sincere trainer. May God bless you.

[hiteshgarhewal]

Aaj 10 -1:30 tak jo terminal impulse jaisa formation hua aur 19515-450 tak ki rally jo fib no. 0.382(19440) tak mere liye profitable rahi maine apna 19550 ka put 19450 par hi book kar liya jo 65 point ka rha
Thankyou sir for valuable information for me

[diepakkupadhyay]

Paaji thank you for such fabulous videos. I just started learning Elliott waves classes.

[MALIKMS]

Beautiful video Sir, Thank you for your effort, God Bless you,
💘💝💯👏🙏🙏🙏

[Rohitj]

thanks for explaining this is much helpful.

[parveenrana]

Thank you for offering your valuable advice

[TradingStoploss]

please sir explain the rule of observation and retracement from glen neely book🙂

[aroojfatima]

1ques:
here, u r starting to count waves from the base point/lowest point.
whereas, in ur earlier video regarding RN, we have learnt that wave count will be started from the next lower/higher point of base point.
therefore, I am confised, from where I have to start counting.
can u pls address it?

[AbdulHaseeb-krdf]

Sir ge hope you will be fine mean 100/3=33.3 means 100 pip first move then change of direction is 33 pip till it be considered .how means is 0f 1/3 rd of you .? ???its. 300 pip to next move ..how many pull back b consider ..please also explain time same wise. .... because there are many pull back in move ..then how we know move is end and other move is start....