Learning Elliot Wave theory involves correctly counting waves and identifying the current market wave. The market has fractal patterns, and there are two types of price progressions. The five waves in the motive wave sequence are labeled waves one through five, and the retracement move of the motive wave consists of three labeled waves, A, B, and C. The three unbreakable rules of the Elliott wave principle are wave two cannot retrace more than 100% of wave one, wave four cannot move into the territory of wave one, and wave three cannot be the shortest wave among waves one, three, and five. The characteristics of each wave within the Elliott wave structure in the context of a bull market are explained.

An Introduction to the Elliott Wave Theory

The Basics of Elliott Wave Theory

The Fractal Nature of the Markets

Motive and Corrective Waves

Impulse Waves and Diagonal Waves

Flat Structures, Zigzag Structures, Triangle Structures, and Double or Triple Combinations

The Five Waves of the Motive Wave Sequence

The Three Wave Retracement

The Three Unbreakable Rules of Elliott Wave Principle

Understanding the Characteristics of the Different Waves within Elliott Wave Structure

Wave One: The Beginning of the Impulse Sequence

Wave Two: Moving Counter to Wave One

Wave Three: The Largest Potential for Profit

Identifying the Third Wave

Wave Four: A Shallower Retracement

Wave Five: The Final Leg

Conclusion: The Simpler Side of Elliott Wave Theory

Choose The Best Forex Broker