Elliott Wave Theory. General provisions

1. Theory of Elliott

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General provisions

Elliott wave Theory

(1) (3) (5) (A) to (C) - pulse wave.
(2) (4) (B) - corrective waves.
as soon As ends growth, consisting of 5 waves begin 3 of the corrective wave (A) (B) (C). Regardless of the degree of trend will always evolve according to the main 8-wave cycle. The waves can be split (3 or 5). This breakdown depends on the direction of greater wave, part of which she is. So, wave (1) (3) (5) are divided into 5 waves each, while the wave I -. Wave (2) (4) are divided into 3 waves of lesser degree, since these two waves go against the trend. Wave (A) (B) (B) constitute a corrective wave II greater extent.
(A) (C) - divided into 5 waves, because coincide with the direction of the senior trends II. (B) three waves as going against the trends II.

a Complete market cycle is composed of 8 waves: 5 growth waves and wave 3 drops of the bull market, or Vice versa: 5 waves fall and 3 growth wave in a bear.

Correction always consists of three waves.

Triangles, as a rule, formed on the fourth wave (this model is always preceded by the latest wave). Triangle may also be a corrective wave.

Any wave is part of a longer and is divided into shorter.

the Mathematical basis of the theory of Elliott waves is the Fibonacci sequence.

the Number of waves, forming trend coincides with Fibonacci numbers.

Fibonacci Coefficients and based on the ratio of the length of correction are used to determine the price targets.

the Main aspects of the theory of Elliott waves are (in order of importance): waveform, the ratio of waves and time.

In the Elliott wave theory much attention is paid to individual description of each wave. In particular detail stated in the book Прехтера (“ the Elliott's Wave principle. The key to market behavior ”).

the Main principles of the Elliott wave theory to give good results in the Forex market.

Theory of Elliott: | 1 | 2 | 3 | 4 |

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