Thursday, November 1, 2012

Counting Elliott wave easily

Correction wave counting is more difficult and more important.

here are some tips:


  • When two price congestion is linked by three simple wave
  • Second price congestion area is usually C wave

  • wave 1, 4 overlaps in triangle and diagonal pattern.
  • it is corrective wave pattern.



seven wave count.


  • usually two abc is connected by x wave. this is called seven wave(abc x abc) or complex wave

  • C wave is the largest correction wave

  • A has five wave 12345, b has 3 wave, C has five 12345
  • But here five wave pattern is not so prominent like impulsive wave


Doble bottom:


  • wave a start at the first low
  • wave b ends at the second low
  • C starts from second low





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