How Channeling and MA can help to identify Wave count

Dear all traders

Today I am going to use MA with MA channel  and trned line channel of Jeffrey to Identify and Count Elliottwave count.


We need
MA 13( close)
MA 21
MA 34(H)
MA34(l)
this two moving averages makes trend tunnel. When price cross upper border of the tunnel it is counted as uptrend, and when It cross the lower border it is called down trend.

Here I have use MA 34 for channnel formation.

MA 55  high

MA 100 high

Wave 1 count can not be done properly by this method.

When price cross MA 21 , it is Middle of first wave that is wave 1.
the wave 1 reach upto MA 55(H) Here MA 55 will act as support for wave1 extreme.

Then it retraces back will arrive till 21 (H) MA and will touch it and then . this is the extreme of Wave 2,
34 MA may act as extreme of Wave 2,

Wave 3 will start from there
MA200(H) will work as the terminal point of wave 3. But MA 200(l) may also act as extreme of wave 3.

Wave 4 will go upto MA 100(H) , MA 100 will act as support .

MA 377(H) will acts as extreme for wave 5.


We can also add channeling technique after detecting wave 1 and atleast two Higher highs or lower lows.

MA 200 will work final support or resistance for wave correction, if corrective wave goes beyond this MA the trend will change.

wavy tunnel and channeling for EW counting.

Wavy tunnel