ELLIOTT WAVES THEORY BASIC PART 1 BY AUKFX

Elliott Waves Theory Basic Part 1

Description:

IN THIS VIDEO PART 1 WE DISCUSSED OVER THE METHOD IN BASICS OF ELLIOTT WAVES THEORY. THERE ARE TWO TYPES OF WAVES ONE IS IMPULSIVE OR MOTIVE AND OTHER IS CORRECTIVE WAVE. ACCORDING TO THEORY THE IMPULSIVE WAVES ARE BASED ON THE NAMES OF NUMERIC LIKE 12345 AND IT DEPENDS ON 5 WAVES STRUCTURE IN IT. ON THE OTHER SIDE THE CORRECTIVE WAVES BASED ON ALPHABETICAL NAMES AS ABC. AFTER THE JUDGEMENT OF THE WAVES THE VERY FIRST WAVE, THIRD WAVE AND FIFTH WAVE BASED ON IMPULSIVE 135 WAVES ON THE OTHER SIDE THE CORRECTIVE WAVES ARE 2 AND 4 AND THEY BASED ON ABC WAVES IN IT. THE (A) WAVE CONSISTS ON THE 5 WAVES IN IT AND SOMETIME 3 WAVES IN IT. IF THEY ARE IN THREE WAVES THEN THEY ALSO CALLED ABC WITH IN MORE ABC, AND THE (B) WAVE CONSISTS ON THE 3 WAVES ABC IN IT, AND THE THE (C) WAVE CONSISTS ON THE 12345 IMPULSIVE WAVE BUT IT CALLED AND COUNT AS CORRECTIVE WAVE.

IN THE NEXT PART 2 WE DISCUSSED OVER USE OF FIBONACCI TOOL AND INDICATOR (MACD) MOVING AVERAGE CONVERGENCE AND DIVERGENCE.

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