Elliott Wave Theory – I
by PRASHANT SHAH -
Ralph Nelson Elliott (1871 – 1948) is a creator of Elliott wave theory. Elliott wave is an established theory and a popular branch of analysis today. But there is one more side of his life which many are not aware of. He entered the accounting field in the mid-1890s and primarily worked in executive positions ... Read more
Elliott Wave Theory – II
by PRASHANT SHAH -
Truncation The basic structure suggests that fifth wave will exceed the third wave. But there is a possibility that fifth will fall short and it will not go above the end of third wave. This is known as a failure or truncation. Bullish fifth wave falling short of third wave is known as a bull ... Read more
My Takeaways
by PRASHANT SHAH -
My Learnings – Elliott Wave theory I studied Elliott wave analysis and tried to practice the rules of the theory. I have attempted it on several timeframes and instruments. But I found it too subjective for me to practice. I found that I am not good with too much of subjectivity. I look for an ... Read more
Elliott Wave Theory – I
by PRASHANT SHAH -
Ralph Nelson Elliott (1871 – 1948) is a creator of Elliott wave theory. Elliott wave is an established theory and a popular branch of analysis today. But there is one more side of his life which many are not aware of. He entered the accounting field in the mid-1890s and primarily worked in executive positions ... Read more
Elliott Wave Theory – II
by PRASHANT SHAH -
Truncation The basic structure suggests that fifth wave will exceed the third wave. But there is a possibility that fifth will fall short and it will not go above the end of third wave. This is known as a failure or truncation. Bullish fifth wave falling short of third wave is known as a bull ... Read more
My Takeaways
by PRASHANT SHAH -
My Learnings – Elliott Wave theory I studied Elliott wave analysis and tried to practice the rules of the theory. I have attempted it on several timeframes and instruments. But I found it too subjective for me to practice. I found that I am not good with too much of subjectivity. I look for an ... Read more
