Elliott Wave Theory for Beginners | ULTIMATE In-Depth Guide!
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- เผยแพร่เมื่อ 4 พ.ค. 2024
- Elliott Wave theory is a broad area of knowledge making it very difficult for beginners to know where to start!… This video is designed to kick off your Elliott Wave journey by giving you a broad overview of the concepts that you will need to understand in order to start trading with Elliott Wave.
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This video will progress through the following sections:
0:00 - Introduction
1:10 - Elliott Wave Theory Overview
1:47 - Types of Elliott Wave Price Movement
3:10 - Motive Waves
3:44 - Corrective Waves
4:31 - Basic Cycle Structure
5:15 - Understanding Degrees
8:00 - Mono vs Complex Waves
8:41- Elliott Wave & Fibonacci
19:36 - Elliott Wave & Time
21:32 - Elliott Wave Rules & Guidelines
24:56 - The Impulse Pattern
26:14 - The Diagonal Pattern
27:35 - The Flat Pattern
31:02 - The Zig-Zag Pattern
32:58 - The Triangle Pattern
This is quite an interesting and informative video.
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You sound so sure about this, can you tell me more about it?
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I am interested in investing with him.
Thank you so much for this video. So many other TH-cam videos just don't bother to go into the level of detail that you do. You definitely gained another subscriber.👍👍
Thanks for the simple explanation of the Elliot Waves. Easy to understand. If you can combine it with charts & explain how to label the wave patterns it will be very much helpful. Thanks once again for the beautiful presentation and explanation.
Excellent Video, Love the way you explain difficult concepts in such an easy to understand way! On a sideways move once you determine whether it is Bullish or Bearish can you rely on that as confirmation of the direction of the breakout to come?
This is by far the simplest elliot waves pattern explained for beginners. Thank you so much
GAGAG
Thank you for writing a script! Listening to people say "ummm" for an hour cause they never considered how they were going to explain it gets tiring. Thanks so much!
Thanks a lot. How do we identify the turning points that defines the start/finish of a wave? Think this is important for apply all the theory into practice. Thank you!
perfect. thanks alot sir
thanks. good primer
Absolutely fabulous video. Thank you so much for this wonderful explanation. I just set two limit sells based on what I learned here and I'm amazed by how close I came to the high for the 4 hour time frame. I want to watch this video a few more times. I still have a lot to. learn. Plus, I've been a Fibonacci geek for decades-- I don't care who knows. This stuff really speakes to me. You did a most epic job here. 👍😁😎
Great lesson!
One of the best videos about fibonacci
awesome video.. do you recommend any mt4 indicator that follows your knowlege of elliot wave?
excellent video .
Thanks
Very nice & quite informative, primarily knowing basic of Elliott wave theory & it's relationship with Fibonacci.Thaks a lot.I would like to know,how it is use in index option trading.
Thank You
big big thanks
Thanks 👍
Thanks for the EW-Education! 🤠👩🎓👨🎓
You bet!
Great vid. Thanks!
Thank you!
Need more content like thisssss
Thanks.
thank you for this video
Wow thank you! Your awesome!
No problem!
This is great! I'm 3 months in to Elliot Wave, and I now realize how little I actually know about technical analysis! Lol. I mean, wow! The rabbit hole is deep. I feel like elliot wave, fibonacci, and good risk management are the real life "infinite money glitch". Lol. Thanks Man!!
Thank you Sir
Nice video i ever seen about elliot principle, thanks dear...........
Thanks a ton.
You're Welcome!
Something clicked. I always thought this was so hard to understand but take little bits at a time 🔥🔥🔥
Elliot wave always seemed so difficult. This is great
I need more on these topics please! Connectors, 1212’s, wxy’s, and when and where they all happen in the cycle. Also how yo use rsi divergence with determining what wave we’re in or anything rsi can tell us. Thank you!
There is always divergence between wave 3 and 5. The price will of course go up but the momentum will go down
Stocks go up and stocks go down. And you can make a zig zag to look like you knew it was going up or down.
Got it!
That was one info packed awesome video! Thank you for taking time and sharing your knowledge.
Glad it was helpful!
Really educational video
Looking at Bitcoin(BLX) on the macro. What does Elliot see?
Good
@19:05 why is the 61,8 much higher than before the 61,8? u took the same points for fib
thx a lot really helped me
Thank you for your effort wish you all the best
A great lesson! Thanks a lot!
Any relevant books on the matter?
How to enter when price is over the levels of elliot wave and we are late
Thank you for good knowledge
Thanks man!
Perhaps Fibonacci also comes in handy for the "time" component... 🤔
Awesome introduction vid I took lots of notes I’m ready for more
Sir, Do you use or recommend auto support/resistance indicator & if so what time frame S/R levels to execute intraday(but not day trading) orders in forex. For What time frames S/R-I would think it should be 1H or 4H time frame S/R. One hour is short enough but still meaning full enough data--and it it better to use 15 minute chart to watch price action at A given S/R(BECAUSE 5 MINUTE CANDLES GIVE TOO MANY FALSE SIGNALS) ?. If S/R level appears on more than one time frame, that level becomes even more RELAVANT.? Say daily trend was up overall(prices marked up now)- but daily candle now is down over last 2 days or so--- then look for resistance on 4H chart & go short-here 4H resistance level would be A good level (It has decent load of useful data--even institutions/bog boys)- Sir, I seek your comments/wisdom. And I Thank you.
Simply outstanding explanations!
Glad you think so!
Comprehensive video have ever watch
great stuff. thanks
Any indicators for Elliot waves to defect it on Trading view automatically
wish i had you as teacher in school! thanks for your work and teaching us for free! mad love
The story about your conversation with the doctor is great haha! Thanks for the educational content.
Thank you for this education. And for your time in providing it. I have one of your older books, and is an interesting read on delta/gamma of options.
(+1•4•8•0•4•4•7•1•0•0•3)
Thanks for sharing!
Learned alot! Thank you.
Fractal
How to identify the start of a wave
Congratulations..good video!!!
Really educational video on EW and also well explained, thank you. But I would recommend you to use more a common chart Design next time. The charts you are using makes it hard for the watcher be sure they have identified the right dip or high of the pattern. Beginers will use the tradittionl green red candle sticks so it would be easier to rely on.
you can clearly see the motive moves reverse into a corrective moves regardless of the color of the charts.
@@user-yo8pw8wd3z yes...people should learn to trade what they see and not colours...trading is something you should be able to do even with black candlestick all over the charts
Rob, you packed alot of effective nuance into your general "introduction" to EW. Enjoyed your time analysis clock on the 4th wave completion versus 3rd wave. Those type of "tricks of the trade" measurements are remarkably effective and fascinating in framing the trade and identifying location and timing in the wave. You, or your viewers, might find useful the following EW trader tool uncovered by luminary researcher and prof. trader Michael Jenkins. As a side note, he must be a geometric savant. Jenkins' insight was to take 3 times the first wave distance in price, then take 2 times the wave 2 distance. Subtract the 2 times distance calculation of wave 2 from the higher 3 times calculation of wave 1 and add resulting calculation to, wave 0, starting base, for a projected EW price target. Gives you a clear target to aim for in the fog of the trading war. Dom Perignon cheers.
Can you tell in which book he mentioned this? It would help to read whole of it
@@jupitertrading2212 Michael Jenkins, The Geometry of Stock Market Profits, gives you a fascinating deep dive into the spatial dimension of charts and angular relationships tied into EW. Other more "advanced courses" from Mr. Jenkins build on this book--more icing on the cake so to speak. Hope you find this book as fascinating and riveting as I did in just appreciating the mathematical structure of the market all laced in of course with the brilliant EW sentiment gauge. Once you see the geometry of market pulses and waves, you will feel like a combination of Pythagoras savoring the aesthetics of angles and arcs along with on a more mundane level, like Minnesota Fats playing billiards as a pool champion seeing a few moves ahead on the billiards table. Best of luck in your new geometric odyssey with Michael Jenkins, it's worth the effort if you appreciate geometric art patterns, profit targets, and first-class risk management. Stay in touch and Dom Perignon cheers for the holidays. The truth shall set us all free on the market level as well as on higher spiritual planes.
@@spencerwinston4334 thanks i will surely check that. I really like his work easy to understand and well explained. I have seen his work on gann its good too.
@@spencerwinston4334 wow, in glad I found your comment! Im going to look for that book!
@@76biggdogg Pepe, hope you will find that Jenkins squares the circle for you in technical analysis, connects all the other technical indicators into an amazing geometric, EW sentiment whole, imo. All the best in your geometric adventures in the market, and hope your studies take your trading game to a higher plane of profits. Drop me a quick note later, if possible, and let me know your reaction to the M. Jenkins window on the trading world. Cheers!!!
What an excellent video.
is xrp in a eliot wave?
Amazing, thank you so much👍🏼
You're very welcome!
Where have you been all my life? 😭
Thank you sir. God bless you
cool man appreciate the video ive heard elliot wave along with RSI and volume is pretty accurate!
Good Lad ! H
Thanks!
Is this not truly fitting data to the concept and not fitting a pattern to the data?
Thank you!!!
You're welcome!
Wow
thanks for doing this!!! So helpful. Much appreciated. So few take the time to do this.
Glad it was helpful!
Amazing video
Great video I am big time into elliot wave but you need to know how to use it. Like know the difference between and impulsive wave and a corrective wave.
19:00
I've heard so many people trash Elliot Wave so I never bothered. As I run the analysis on my chart, BTC, I have to say I am impressed at the how the patterns fit in conjunction with the fib sequences.
7:44
This is awesome! Thanks so much! I want to watch it over and over so I can be as good at this stuff as you are! Do you intend to add more later?
Yes, we'll be adding additional videos over time for sure.
@@ElliottWaveOptions we are waiting eagerly...Lots of respect for u.☺️
Are we on wave 4 in the daily or weekly Bitcoin USD chart?
Daily--Could be a wave 4 correction on a downward trend. Wave 2 went slightly over the 61.8% fibs and took 11 days to form so Wave 4 should be shallow and end will be less than 11 days or 22ish days. Current w4 needs to break bottom of W1, $47395 for this to have been an ABC(Wave 3orC went slightly over 123.6%) If W1 low not broken then it will be a Wave 5 down to $27762
Sorry no idea why it changed from $$
In otherwords--wtf?
@@voiceguy3635 just means you didn't watch the video or learn EW
"Could be" doesn't cut it.
Great video and good explanation. Appreciate and keep up your good work! Cheers
Thanks, will do!
Have you heard of the coin flip strategy? It's even better than Elliot waves and it's so easy. Basically you just flip a coin. If it's head, you short. If it's tails, you go long. This strategy beats 90% of traders out there
Hi Denish, here is our track record ... we're crushing your 50% coinflip lol ewotrader.com/performance-level-three/
Great content! Thank you!!
Glad you liked it!
Beautifully explained many thanks.
Glad it was helpful!
It’s truly useful for me. Thanks so much!
Gann maths and astrology is also really good from the time perspective and work great with waves
Thanks for sharing
At 19.00 mins its mentioned the Fib levels for expanding based on 1,2 waves etc. Where are those rules published ? eg the retracement for extrapolating out wave 5 from initial waves
Great video! Thanks for sharing!!
Thanks for watching!
What do diagonals subdivide? 3,3,3,3,3?
Outstanding !!! Thank you Sir and God bless you … Davide
Sir Kindly make Video for Time analysis using Elliot 🙏
Emotions? Lunar cycle trading.
Proof of the existence of a creator.
If you want simplified marking try Elliott wave manual marking is more faster.
Can there be 6 waves or more?
No - just 3 or 5 wave patterns unless you get to really complex counts. What you are probably seeing is just waves of a different degree.
This ended bluntly. I expected more. You covered a ton, and thank you for that, but there's still a ton to cover. An ending would have been nice.
i think elliot rule says, 2 can never go beyond 1. 19:21 here is 2 below 1 how is it possible?
who is this guy presenting if you don't mind? I want to learn more about him.
The presenter is Rob Roy. YOu can learn more about him here: ewotrader.com/rob-roy/
Elliot wave can't be beat. Especially if you combine it with divergence indicators oscillators , trend indicators and volume indicators and other chart patterns. It's the best anticipating tool I know of at confirming what other indicators are signaling.
Leonardo Pisano. A few hundred years later a historian gave him the moniker "son of Bonaci"
Why is it that every time I buy a stock or cryptocurrency that's supposed to be a big hit it ends up dropping and just never moving again???
@@iykejames9169
Investment coaching sounds like a great idea, thought about it before but never knew how to go about it and that would be great considering how time demanding my job can be. Have you used a coach? what is the experience like?
@@iykejames9169 I been trying to grow my portfolio for sometime now, my major challenge is not knowing when to sell or hold. How could someone go about getting finance intelligence from a good financial coach?
Catching the exact moment before the wave is going to form is not easy. Most likely you have been buying at the time that everything is green and going up. Your time horizon is too short. You want returns right away. First u must look at the fundamentals. If the stock or the crypto currency is down and the fundamentals are ok, it means that u made a good purchase. It might still go down even more. If you still have more money, then u should buy more. After 6months it is still down, keep on holding it. Eventually it should rise and make u a lot a lot of money. Once you have made x amount of money make sure that you sell some or all otherwise you will go down with it and lose some of your profits if not most
because its very difficult to find out these 'gems', its better to trade a stock/crypto with enough trading volume. perhaps with the elliot wave and other basic technical analysis. buy and hold works if you already have alot of money IMO
Stop doing fomo only buy coin when its just starting abd also buy coins that has a working product (that is solving oroblem)
An honest feedback....Please get a decent microphone. There is a sort of echo in the video that I find it a bit disturbing