Trading Divergences. What if there was a low-risk way to sell near the top or buy near the bottom of a trend? What if you were already in a long position […]
Summary: Harmonic Price Patterns. Let’s summarize harmonic price patterns. Harmonic price patterns enable us to distinguish possible areas for a continuation of the overall trend. Six Harmonic […]
Continued. 3 Steps to Trading Harmonic Price Patterns. Let’s continue on our 3 steps to trading harmonic price patterns. Step 2: Measure the potential Harmonic Price […]
3 Steps to Trading Harmonic Price Patterns. As you may have guessed, profiting off Harmonic Price Patterns is all about spotting those “perfect” patterns and buying […]
Another Gartley Mutant Pattern. Let’s look at another Gartley mutant pattern, the Butterfly. The Butterfly Then, there is the Butterfly pattern. Like Muhammad Ali, if you spot […]
More Gartley Mutants: The Animals. Let’s take a look at more Gartley mutants – the animals. The Bat Come 2001, Scott Carney founded another Harmonic Price […]
Trading The Gartley Pattern. Once upon a time, there was this insanely smart trader dude named Harold McKinley Gartley. He had a stock market advisory service […]
Three-Drive. The three-drive pattern is a lot like the ABCD pattern except that it has three legs (now known as drives) and two corrections or retracements. […]
The ABCD. Let’s start this lesson with the simplest harmonic pattern. So what could be more basic than the good old ABCs? We’ll just pop in another […]
Harmonic Price Patterns in the Forex Market. Let’s examine harmonic price patterns in the forex market. Now that you’ve got the classic chart patterns down, it’s time to […]
Three Cardinal Rules in Elliott Wave Theory. There are three cardinal rules in Elliott Wave Theory when labeling waves: Rule Number 1: Wave 3 can NEVER be […]
Summary: Elliott Wave Theory. Here’s a summary of what we covered regarding the Elliott Wave Theory: Elliott Waves are fractals. We can split each wave into parts, […]
Another Elliott Wave Scenario. Let’s take a look at another Elliott Wave scenario. This time, let’s use your knowledge of corrective wave patterns to grab those […]
How to Trade Forex Using Elliott Waves. This is probably what you all have been waiting for – drumroll please – using the Elliott Wave Theory in […]
3 Cardinal Rules of the Elliott Wave Theory. As you may have guessed, the key to using the Elliott Wave Theory in trading is all about being able […]
Fractals: Elliott Waves Within an Elliott Wave. Let’s now examine fractals which are Elliott Waves with an Elliott Wave. Like we mentioned earlier, Elliott waves are fractals. […]
More Elliott Wave Formations. Let’s take a look a some more Elliott Wave formations. The Zig-Zag Formation Zig-zag formations are very steep moves in price that […]
Corrective Waves. Let’s take a look at some corrective waves. The 5-wave trends are then corrected and reversed by 3-wave countertrends. Letters are used instead of numbers […]
The Waves. Continuing our discussion of the waves, here is a short description of what happens during each wave. Wave 1 The formation of Wave 1 […]
Impulse Waves. Now let’s take a look at impulse waves. Mr. Elliott showed that a trending market moves in what he calls a 5-3 wave pattern. […]
Fractals. What are fractals? To better understand Elliott Wave theory, we need to understand fractals. Basically, fractals are structures that can be split into parts, each […]