What is the elliot wave theory?

What is the elliot wave theory?

What is the elliot wave theory? INTRODUCTION TO ELLIOT WAVE THEORY : Elliot Wave Theory, jo ke Ralph Nelson Elliot ne 1930s mein tashkeel di thi, investors ke dwara mustaqbil ki marketplace trends ki peshan goi ke liye istemal hone wala aik mashhoor technical evaluation tool hai. Ye theory yeh tasawwur par mabni hai ke economic markets aik silsile mein takrarati styles mein harkaten karti hain, jinhe pehchan kar destiny price actions ki peshan goi ke liye istemal kiya ja sakta hai. Elliot Wave Theory yeh i'taqad par mabni hai ke market movements tafreeqi sauda garon ki psychology aur jazbat ka tasawwur hai. Ye theory is tasavvur par mabni hai ke marketplace developments aik set ke mukhtalif waves mein unfold hote hain, jinhe do qisam mein taqseem kiya jata hai: impulse waves aur corrective waves. Impulse waves primary trend ka tariq hai, jo basic market fashion ki taraf pass karte hain. Is ke khilaf corrective waves chhoti counter-fashion waves hote hain, jo bade impulse waves ke andar hoti hain. THE FIVE WAVE PRINCIPLE : Elliot Wave Theory ka aik key principle paanch wave ki sabaq ka hai. Is precept ke mutabiq market tendencies paanch wave ki silsile mein unfold hote hain. Uptrend mein, ye waves waves 1, three aur 5 ke tor par label kiye jate hain, jabke corrective waves waves 2 aur four ke tor par label kiye jate hain. Downtrend mein, labeling ulat hote hue, impulse waves waves A, C aur E ke tor par label kiye jate hain, jabke corrective waves waves B aur D ke tor par label kiye jate hain. Har ek wave ki khaas khasosiyat aur qawaneen hote hain, jinhe comply with kiya jana zaroori hai. Misal ke taur par, wave 2 wave 1 ka one hundred% se zyada retrace nahi karna chahiye, aur wave 4 wave 1 ke fee territory mein overlap nahi karna chahiye. Ye qawaneen buyers ko mukhtalif waves ko pehchanne aur unke destiny actions ki peshan goi karne mein madad karte hain. FIBONACCI RATIO ANALYSIS : Elliot Wave Theory ka dosra ahem pehlu Fibonacci ratios ka istemal hai, jinse waves ke capacity charge goals aur retracement degrees ka tayyun kya jata hai. Fibonacci ratios, jaise ke 0.618, zero.382 aur zero.236, aik riyazi sequence se hasil hoti hain jo Leonardo Fibonacci ne tashkeel diya tha. Ye ratios qaumiat aur naqoosh ki paidaish mein maujood natural styles aur proportions ko refleckt karte hain, jinhain monetary markets mein bhi tasawwur kiya jata hai.Traders Fibonacci ratios ka istemal karte hain takay aik wave whole hone ke liye ability fee objectives ka tayyun kar sakein. Misal ke taur par, agar wave three aik mukarrar rate level par entire ho jata hai, to buyers Fibonacci extensions ke istemal se capacity wave five goal ko tafteesh kar sakte hain. Isi tarah, Fibonacci retracement levels ka istemal corrective waves ke khatam hone wale potential regions of aid ya resistance ka tayyun karne ke liye kiya ja sakta hai. WAVE RELATIONSHIPS AND MARKET GEOMETRY : Elliot Wave Theory mein waves ke relationships aur marketplace geometry ki ahmiyat ko bhi zor diya jata hai, jis se future price actions ki peshan goi ki ja sakti hai. Is concept ke mutabiq marketplace moves mein rabbani song aur simatri hoti hai, aur waves ke darmiyan kuchh ratios aur proportions hamein ahmiyat bhari malumaat faraham kar sakte hain. Misal ke taur par, principle wave 1 aur wave 5 ke beech mein rishtay ki ehmiyat par zor deti hai. Agar wave 1 distinctly chota hai, to ye ishara karta hai ke wave five prolonged aur powerful ho sakta hai. Dosri taraf, agar wave 1 bohat sturdy aur extended hai, to ye ishara karta hai ke wave five chota aur kamzor ho sakta hai. Market geometry, trendlines, channels, aur dusre geometric patterns ka istemal karte hue capacity turning factors aur guide/resistance levels ko perceive karne se mutasir hota hai. Significant highs ya lows ko jor kar trendlines draw kar ke, buyers wave ka khatam hone aur ulta honay ke potential regions ko discover kar sakte hain. APPLICATION AND LIMITATIONS : Jab ke Elliot Wave Theory marketplace actions ko are expecting karne ke liye ek powerful tool hai, lekin iske bhi kuch boundaries hain. Ek sab se bada mission Elliot Wave Theory ke saath yeh hai keh ye subjective nature ka hai. Sahi wave matter aur labeling determine karna subjective technique ho sakti hai aur alag investors waves ko alag tarah se interpret kar sakte hain. Is ke ilawa, Elliot Wave Theory marketplace movements ke actual timing ko specify nahi karti. Jab ke ye marketplace tendencies aur capacity turning points ko discover karne mein madad kar sakti hai, lekin isse precise period aur timing of movements as it should be predict nahi kiya ja sakta. In boundaries ke bawajood, Elliot Wave Theory monetary markets mein ek mashoor aur sizeable technical analysis device hai. Traders jo is concept aur uske principles ko solid tareeqe se samajhte hain, wo isse capacity market tendencies ko discover karne aur knowledgeable buying and selling selections lena mein kamyab ho sakte hain.