General Provisions
(1) (3) (5) (A) (C) - wave pulse.(2) (4) (B) - corrective waves.Once completed growth, consisting of five waves, starting three wave correction (A) (B) (C). Regardless of the degree will always be a tendency to develop on the basic 8-wave cycle. Waves can break (3 or 5). This breakdown depends on the direction of greater waves of which it is. Thus, the wave (1) (3) (5) are divided into 5 waves each, as a wave of I -. Wave (2) (4) are divided into three waves lesser extent, since the two waves going against the trend. Wave (A) (B) (B) make a corrective wave II more.(A) (C) - are divided into 5 waves, so as coincide with the direction of the upper trend II. (B) - from the three waves, as going against the trend II.
The complete cycle of the market consists of 8 waves of 5 waves of growth and 3-wave decline in a bull market, or vice versa: 5 wave decline and 3 waves of growth in the bear.
Correction is always composed of three waves.
Triangles are usually formed on the fourth wave (this model is always preceded by the last wave). The triangle may also be a corrective wave.
Every wave is part of a long and divided into shorter ones.
The mathematical basis of the theory of Elliott wave patterns is the Fibonacci sequence.
The number of waves forming the trend coincides with the Fibonacci numbers.
Fibonacci coefficients and based on them, the ratio of the correction used to determine the price targets.
The main aspects of the theory of Elliott wave patterns are (in order of importance): the waveform, the ratio of the waves and time.
In Elliott wave theory much attention is paid to individual signs each of the waves. Especially this issue in detail in the book Prehtera ("Elliott Wave Principle. The key to market behavior").
Basic principles of Elliott wave theory to give good results in market Forex.
(1) (3) (5) (A) (C) - wave pulse.(2) (4) (B) - corrective waves.Once completed growth, consisting of five waves, starting three wave correction (A) (B) (C). Regardless of the degree will always be a tendency to develop on the basic 8-wave cycle. Waves can break (3 or 5). This breakdown depends on the direction of greater waves of which it is. Thus, the wave (1) (3) (5) are divided into 5 waves each, as a wave of I -. Wave (2) (4) are divided into three waves lesser extent, since the two waves going against the trend. Wave (A) (B) (B) make a corrective wave II more.(A) (C) - are divided into 5 waves, so as coincide with the direction of the upper trend II. (B) - from the three waves, as going against the trend II.
The complete cycle of the market consists of 8 waves of 5 waves of growth and 3-wave decline in a bull market, or vice versa: 5 wave decline and 3 waves of growth in the bear.
Correction is always composed of three waves.
Triangles are usually formed on the fourth wave (this model is always preceded by the last wave). The triangle may also be a corrective wave.
Every wave is part of a long and divided into shorter ones.
The mathematical basis of the theory of Elliott wave patterns is the Fibonacci sequence.
The number of waves forming the trend coincides with the Fibonacci numbers.
Fibonacci coefficients and based on them, the ratio of the correction used to determine the price targets.
The main aspects of the theory of Elliott wave patterns are (in order of importance): the waveform, the ratio of the waves and time.
In Elliott wave theory much attention is paid to individual signs each of the waves. Especially this issue in detail in the book Prehtera ("Elliott Wave Principle. The key to market behavior").
Basic principles of Elliott wave theory to give good results in market Forex.
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