Special Guest: Jeffrey Kennedy. Introduction to the Elliott Wave Principle - 07.10.2020

WyckoffAnalytics.com
Description: Jeffrey Kennedy is an internationally regarded educator and trader of the Elliott Wave Principle. In this Power Charting episode Jeffrey presents the ‘Five Core Elliott Wave Patterns’ and their application to high probability trading setups. This episode originally aired on StockChartsTV.
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[@alaaaboudaher4136]

Amazing lecture, thanks

[@bssb936]

Excellent EW thankyou

[@sumitbarik2224]

Thanks for the nice video! I wanted to know the relationship between WXYXZ in corrective structure! Plz help.

[@antoniors]

What do you want to know about it? Both corrections are rare. There is "Triple Zigzag" and "Triple Three" patterns that take the form of a WXYXZ. They both consist of five corrective subwaves (3-3-3-3-3), apparently, the W, X, Y, X, Z. "Triple Zigzag" is a deep correction (usually more than 50%) and appear when the first and second zigzags fail to correct deep enough (most often than not it appears as wave 2 of an Impulse). "Triple Threes" are shallow corrections (often end at about 36% retracement) and appear when you have a very long sideways movement (most often they appear at wave 4 of an Impulse). In the triple zigzag, you have zigzags for the W, Y, Z waves and any corrective pattern at waves X but most often they are simple zigzags. In "Triple Threes" you could have any corrective pattern in the waves W and Y without a triangle. For wave Z you can have any corrective pattern including a triangle. For the waves X, you could have any corrective pattern but most often it's a simple zigzag. Feel free to ask if you have any questions.