Friday, January 18, 2013

Elliott Wave: A tool to forecast major turning point’s successfully!

By Waves Strategy Advisors. For more information visit or write to
Market does not move randomly. It always moves in patterns and that to not vague patterns but recognizable patterns with precession. Patterns such as Head & Shoulders, Triangle, Wedge, Flag, well to predict the market.
If you are a new trader or investor, learning the Elliott Wave Principle is an important step on your path to trading success. 
One of the easiest places to see the Elliott Wave Principle at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where we are in those repeating patterns today, you can predict where we are going.
Elliott Wave analysis has a few rules and methods to be followed. But only by knowing the rules one does not become an Elliottician. One needs to know the practical goal of any method used.
Since Elliott wave analysis is based upon price patterns, a pattern identified as having been completed is either over or it isn't. If the market changes direction, the analyst has caught the turn.
If a trader identifies and captures the pattern correctly, he can emerge as a winner and make profits.
Below chart of NSE Midcap shows how different technical studies like RSI, Channels, Elliott wave, etc are applied.

To know more about Elliott wave as well as other Technical tools Register yourself to our training sessions in Mumbai by writing to us at or you can call us on +91 9920422202.
Learn simple and advanced technical tools and trade independently!

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