Thursday, 20 Oct 2016
by Admin
in
Learn Trading Terms
R N Elliott developed a elliott wave theory which declare the crowd behavior ebbs and flows in clear trends. Elliott create a perfect structure of price movements in stock market based on crowd behaviors. Elliott wave have 5-wave impulse sequence and 3-wave corrective sequence. 

First capture the wave 1 of any stock. It may be in downward direction or may be in upward direction. 

How you find the wave 1 of any stock you like get the high and close of that stock. now we need to decide is it upward or downward. For that you can draw a Tradeline to that price if it moving in down direction then trade is downward if it move in up direction then trade is upward





Also check our online elliott wave calculator. You can also find a elliott wave formual. You can download free elliott wave calculation excel