protrader83

Learning Elliot Wave Structure...!!!!

Education
NYMEX:CL1!   Light Crude Oil Futures
Most sought after question by Elliot wave structure learners is ....

1. How can we identify a single wave : " The length of wave is the lowest degree is its travel in one direction 'WITHOUT ANY SORT OF CORRECTION' even in
hourly record"
" The complete measurement of the wave is therefor its continues travel between two corrections of the same
or greater degree"

To help you with I found few definitions by elliott's own word. I hope these words will shed light on how to identify a single wave.
(...As in the lines of his very famous Financial World Articles.)
To understand wave theory in the words of its originator....pls do a google search " The Major Works of R. N. Elliot"
You will land in PDF version of the same after few clicks in listed search results.
Pls send me private message if you can't locate the one.


WHILE COUNTING WAVE NUMBER IT IS VERY IMPORTANT TO EXPLORE POSSIBILITY OF 'WAVE EXTENSION' if you skip this will never land correct sequence.!!!

PLS make chart as yours using make it main option and explore in lower degree..

Thanks


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