Elliott Wave

Ralph Nelson Elliott was one of very first person who believed that he could predict the stock market by studying the repeating wave patterns in the price series. To prove this idea, he created the Wave Principle. Many years later, the Wave Principle was reintroduced in the Prechter’s Elliott Wave books to investors. The Wave Principle states that the wave patterns are repeating and superimposing on each other forming complex wave patterns. The advantage of Elliott Wave theory is that it is comprehensive as the theory can provide multiple trading entries on different market conditions. Elliott Wave theory can be used for both momentum trading and mean reversion trading. The disadvantage of Elliott Wave theory is that it is more complex comparing to other trading techniques. In addition, there are still some loose ends in detecting Elliott wave patterns. For this reason, many traders heavily criticize the lack of scientific methods of counting Elliott Waves.


For your trading in Forex and Stock market, we provide the detailed performance for several Elliott Wave Patterns. You can download PDF file for each pattern from the link below. Or you can visit the YouTube video to check each pattern from the link below. Each PDF or YouTube video will provide you a proof for the Elliott Wave Pattern. At the same time, you can use this proof to improve the given structure of the Elliott Wave Pattern.

Elliott Wave 1234: https://algotrading-investment.com/2022/06/22/elliott-wave-1234/

Elliott Wave 12345 ABC: https://algotrading-investment.com/2022/06/22/elliott-wave-12345-abc/


We also provide the great trading education about Elliott Wave. You can have a look at following books to learn how to best use Elliott Wave for your trading in Forex and Stock market. From these books, you will also find the X3 Chart Pattern framework that helps you to study, prove and improve Elliott Wave Pattern to maximize your trading performance.

Scientific Guide To Price Action and Pattern Trading

Link: https://algotrading-investment.com/portfolio-item/scientific-guide-to-price-action-and-pattern-trading/

Science Of Support, Resistance, Fibonacci Analysis and Harmonic Pattern

Link: https://algotrading-investment.com/portfolio-item/science-of-support-resistance-fibonacci-analysis-harmonic-pattern/

Profitable Chart Patterns in Forex and Stock Market

Link: https://algotrading-investment.com/portfolio-item/profitable-chart-patterns-in-forex-and-stock-market/

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