Hello everyone, I got few questions on Elliot wave principles and also harmonic patterns over the last few days. The principles I posted on the chart are just the basic principles since Elliot wave goes into a real good depth. Many traders have their own way of labelling the charts and use Elliot waves combined with their own strategy to predict the outcome/ know where to place trades.
When going into more depth we have to look at things such as how did the first wave develop, using fibonacci or labelling triangles or minor waves etc. There are different methods on how to know when the wave is finished and more. At the end of the day it really depends on you to study the principles and apply it to the trading.
Elliot waves on the other hand can be little easier which I might be posting as well.
Your opinion is always welcomed
Good luck
When going into more depth we have to look at things such as how did the first wave develop, using fibonacci or labelling triangles or minor waves etc. There are different methods on how to know when the wave is finished and more. At the end of the day it really depends on you to study the principles and apply it to the trading.
Elliot waves on the other hand can be little easier which I might be posting as well.
Your opinion is always welcomed
Good luck