The structure of Elliot wave is very important to understand the elliot wave completely. There are 13 known patterns divided into two broad groups 1) Impulsive and 2) Corrective. First 5 waves are called impulsive and 6-8 are called corrective waves in a bull market.And another thing to remember is that waves are fractal that is, self-repeating on all degrees of trend:
Its simple enough, isn't it?
Here is the Real example of elliot wave appearing in EUR/USD chart as below:
Hari Omm..........




0 comments:
Post a Comment