How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
Enda Glynn
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
Elliott wave predictions, offer a big picture view of the overall price action in
the market which is simply impossible in any other trading system.Using
Elliott wave forecasts in your trading, does not mean you will suddenly gain
supernatural powers!BUT:Using Elliott wave forecasts does mean that you
will lose small and you will win more frequently!
When using Elliott Wave forecast’s in your trading, You form a picture of
what the price action is doing in multiple degrees of trend.
So every price move leads you closer and closer to a high probability trading
signal, and the closer you get, the less risk you are taking!And the better the
predictions for the path of future price moves that you can make.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
If you follow the rules, you will never have too much risk on the table.This
method leads to better predictions, better trades, and long term profitability.
The wave model, offers a lens to view price action through which no other
form of analysis can do. This allows me to be patient and wait for opportunity
to come my way.As an Elliott Wave trader, I am a natural contrarian!I am
constantly on the lookout for trend changes and the big opportunities they
bring.
And the world has convinced themselves of the everlasting nature of that
trend! At times like these – the Elliott wave principle tells me to start looking
for the exit!
To avoid getting trampled by that very same crowd, when the trend change
inevitably appears!
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
By using Elliot wave analysis, you will learn to see trend changes
coming before they happen, and then, you will be ready to ride it
when it does!
These mood swings create Elliott wave patterns in the price action.
The wave principle views the price movements of the market as being part of
an overarching pattern.
There are three main descriptive features of the wave principle.
1. The patterns exist at all degrees of trend, (from a yearly chary down to a
minute chart)
2. The patterns are fractals, that is, they are self-similar at all degrees of
trend.
3. The patterns are hierarchical, meaning smaller degrees of the pattern link
together to construct larger versions of the similar pattern.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
The wave principle states that the basic form of market price action is five
waves in the direction of the trend and three waves against the trend.
Moves in the direction of the trend are labelled 1 through 5 and counter trend
moves are labels as letters, usually A,B and C.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
How can Elliott wave patterns be applied to trading?
These are EXACT price patterns I used for years to generate signals steadily
grow my trading account while taking minimum risk.
The most common statement in the investment world is ‘the trend is your
friend’, wouldn’t be great to be able to identify the trend.
• Minimize risk!
This is how Elliott wave signals solve these problems for me.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
You can use Elliott wave to spot a turn in the market trend by searching for a
five-wave pattern facing in the opposite direction on the short-term charts.
when this signal is in place you look for a correction off the recent short term
high that traces out three waves.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
That opportunity presents itself at the high of the ‘B’ wave, within the
correction.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
In this example of eurusd Elliott Wave analysis, I noticed a complete 5 waves
down into wave ‘1’ blue,
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
And over the next week the price rose 200 points, eurusd Elliott wave
analysis and signals, are far superior at spotting turning points in the price
pattern
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
So the GBPUSD Elliott wave analysis stated that prices would rally in wave
‘C’, back towards the upper trend channel.
This piece of GBPUSD Elliott wave analysis resulted in a 550 point rally in 3
short weeks.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
I then predicted wave ‘3’ was about to start, and the USDJPY Elliott wave
analysis predicted that the rally should be big!
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
This piece of USDJPY Elliott wave analysis came true, and what followed was
a 750 point rally in two weeks.
No trading method, other than Elliott wave analysis would allow you to setup
for theses trades.
Elliot wave helps me answer four important questions when analysing the
price action:
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
• And most importantly, at what point am I definitely wrong?!
If you can answer those questions in a positive manner, then you are doing
OK!
If you can’t
Because Elliott wave can provide an answer to those big questions, and it
offers a course of action on your analysis.
Let me tell you!
Seeing the waves unfold before your eyes is a very rewarding experience,
AND
That is why the wave principle will improve your trading too!
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
In the next few weeks I will email you a lot of valuable trading hacks and
lessons. You will receive
So stick around
I hope you will enjoy them and the knowledge will improve your trading.
Enda
e.glynn@humbletraders.com
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle