Smart Investment

Complete structure of elliott wave

ELLIOTT WAVE IN HINDI PART 3 WAHT IS CORRECTIVE WAVE? ZIG ZAG..REGULAR FLAT...AND TRIANGLE PATTERN....

ELLIOTT WAVE COURSE ONLINE....

Elliott Wave in hindi- part 1 introducition of elliott wave, basic structure of elliott wave..

A Triangle is a common 5 wave pattern labeled A-B-C-D-E that moves counter-trend and is corrective in nature. Triangles move within two channel lines drawn from waves A to C, and from waves B to D. A Triangle is either contracting or expanding depending on whether the channel lines are converging or expanding. Triangles are overlapping five wave affairs that subdivide 3-3-3-3-3.

• structure is 3-3-3-3-3
• each subwave of a triangle is usually a zig-zag
• wave E must end in the price territory of wave A
• one subwave of a triangle usually has a much more complex structure than others subwaves
• appears in wave 4 in an impulse, wave B in an A-B-C, wave X or wave Y in a double threes

happy diwali to all...

pc jewellers chart

axis bank weekly chart

nifty update

WEEKEND IS OVER TRADERS....THIS TIME TO NIFTY UPDATE.....

29-01-18 hihger degree 3rd wave ended at 11172. down from there, the decline unfolded as a 5 wave which ended expected at 9919.80 at retracemnet level of .382 and this 5 wave ended intermediate wave A of Zig Zag structure.

The internal wave from 11172 high ended minor wave 1 at 10979, minor wave 2 ended at 11117, minor wave 3 ended at 10276, minor wave 4 ended at 10632, unfolded minor wave 5 expected at level 10078.27...

so resulet is nifty reversal level is 10078.27 -9919.80

Guidelines

• Corrective structure labelled as ABCDE
• Usually happens in wave B or wave 4
• Subdivided into three (3-3-3-3-3)
• RSI also needs to support the triangle in every time frame
• Subdivision of ABCDE can be either abc, wxy, or flat