elliott waves trading strategy

Elliott Waves Trading Strategy

Elliott Waves Trading Strategy Dear Friends, Elliott waves ki nisbat correction waves ko identify karna mushkil hota ha, in k baray ma aik important rule ye hota ha k correction waves kbi b 5 waves wala pattern nhi bnati hain. Alteration of Elliott Elliot waves ki Alteration aur equality two guide lines hoti hain, jb k ye waves 4 different patterns ma exist karti hain jin ma. Types of Correction Waves 1. zigzag corrections 2. flat corrections 3. triangle corrections 4. combination corrections Zigzag Candlestick Pattern zigzag wave pattern prices ma steep moves hoti hain jo trend k against hoti hain, in ma three main waves hoti hain aur lesser degree ki subordinate waves jo zigzag correction bnatai hain 5-3-5 wave count bnati hain, flat corrections simple side ways corrective waves hoti hain, in ma aik wave k reverse aur equal dusri wave bnti ha, in ma 3 waves pattern hotay hain aur iski subordinate waves 3-3-5 wave count bnati hain, in waves ki correction kafi weak hoti ha, iski further three sub categories joti hain, jin ma regular flat correction, expandad flat correction aur running flat corrections hoti hain. Triangle Chart Patterns Triangle formation aisay corrective patterns hotay hain jo converging aur diverging trend line ma bound hotay hain, ye ascending, decending aur symmetric hotay hain, in ma 5 waves hoti hain aur in ki subordinates 3-3-3-3-3 wave count show karti hain, bulls aur bears k darmian forces k momentum balance ko reflect karti hain, aik ideal triangle correction ma succesaive waves previous waves ki retracements sa 100% short par fall karti hain, combination corrections normaly horizontal waves corrections hoti hain.