Brief Description About Elliott Wave Analysis

Brief Description About Elliott Wave Analysis

Elliott Wave Analysis Elliott Wave Analysis ek technical analysis tool hai jis ko market trends aur cycles ka samajhne ke liye istemal kia jata hai. Is analysis ko Ralph Nelson Elliott ne banaya tha jo keh market ke cycles ke patterns ke sath association karne ke liye "Wave Principle" ke naam se jana jata hai. 1. Introducation: Elliott Wave Analysis ke hisab se, market cycles ko 5 waves aur 3 corrections mei divide kia ja sakta hai. Yeh waves ke patterns aur timeframes par depend karta hai. Is analysis mein trend lines, support aur resistance levels ko bhi use kia jata hai. 2. Wave Theory: Elliott Wave Analysis ka mool koncept wave theory hai, jo keh kehta hai ke market cycles ko 5 waves mein divide kia ja sakta hai, jinhe impulse waves kehte hain. In ke beech mein 3 corrective waves hoti hain, jo impulse waves ki opposite direction mein hoti hain. 3. Types of Waves: Elliott Wave Analysis mein 2 types ke waves hoti hain: impulse waves corrective waves. Impulse waves ke 5 sub-waves hoti hain aur corrective waves ke 3 sub-waves. 4. Rules of Elliott Wave Analysis: Is analysis ke kuch rules hote hain jo ke unke patterns aur sequences ko define karte hain. In rules ke zariye, traders aur investors market ke future trends aur price movements ka prediction kar sakte hain. 5. Fibonacci Retracement: Fibonacci Retracement bhi Elliott Wave Analysis ka ek hissa hai. Yeh tool market ke trends aur cycles ko calculate karne ke liye use kia jata hai. Isme Fibonacci numbers aur ratios ko use kia jata hai. 6. Elliott Wave Analysis Advantages: Elliott Wave Analysis ka istemal market trends aur cycles ko samajhne aur predict karne ke liye kia jata hai. Yeh tool traders aur investors ke liye ek powerful decision making tool hai. 7. Elliott Wave Analysis Disadvantages: Elliott Wave Analysis ke kuch limitations bhi hote hain jaise ke isme subjectivity hoti hai aur patterns ki interpretation alag alag traders ke liye alag alag ho sakti hai. Ismein accuracy bhi limit hoti hai, aur market ke unpredictable behavior ke liye bhi tayyar hona zaruri hai. Conclusion: Elliott Wave Analysis ek powerful technical analysis tool hai, jo ke traders aur investors ko market ke cycles aur trends ko samajhne aur predict karne mein madad karta hai. Is tool ka istemal karne se pehle, traders ko market ke behavior ke liye realistic expectations rakhne ki zarurat hai.