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08/24 16:34

Ultimate Elliott Wave Cheat Sheet

What is the Elliott Wave Theory?

Named after Ralph Nelson Elliott, the Elliott Wave Theory is a method of technical analysis that identifies for recurring price patterns related to cycles in investor sentiment and psychology.

The theory isolates waves identified as motive waves that form a trend, and corrective waves that counter the trend.

The idea is that each set of waves is ingrained within a larger set of waves that follow the same impulse/corrective pattern, described in fractality.

What is this?

This is a cheat sheet to use along your journey of becoming an elite elliotician. This will absolutely help with the learning curve and also be an excellent resource to have quick access to all the major rules, guidelines, structures, and Fibonacci measurements.

For more in-depth analysis on Elliott Waves, download & STUDY Elliott Wave Principle, known as “The Bible of the Elliott Wave Theory”, (Yes, it’s free!!).

The Three Cardinal Rules:

Wave 2 cannot more than 100% of wave 1
Wave 3 cannot be the shortest of the three impulse waves
Wave 4 cannot overlap with the price territory of wave 1 (Except in the rare event of a diagonal triangle pattern)
This is a sample topic in our icarus cronos camp telegram group where you can learn free about trading and its absolutely free with a lot of reading materials and videos. Feel free to join if you wanted to learn. Knowledge is the best experience that we need in trading.

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