Elliot Waves free learning course – Lesson2

Elliot ABC corrective waves

Which do Elliott waves consist of?

The fact that Elliott Wave is not as simple as you see it, but that each driving wave is composed of 5 motive waves and each corrective wave consists of three abc waves

My words complex

look at the picture

Do you find anything strange , the truth that there is not anything strange , the first wave is compound of 5 waves and second corrective wave consists of 3 waves.

ABC corrective waves

As we explained in the previous topic, five driving waves followed by 3 corrective waves and those waves are called the corrective waves in the form of letters and not numbers to differentiate between them . let’s take a look on the next chart to get to know them:

But there is important note , it does not mean I use Elliott Wave on the bullish market that I cannot use it on the bearish market , no this wrong I can use in the same way and to follow the next example:

We should notice also those big waves consist of smaller ones and let’s see this example:

As we see, the first impulsive wave is composed of 5 smaller waves and also the second wave consists of 3 smaller corrective waves As we noticed each wave consists of smaller waves, Let us see a real example:

As we see, the truth differs somewhat from the study, especially in the form of waves. And As we see sometimes difficult to identify the waves and digitizing , but whenever you tried whenever your analysis would be more accurate and this is because of experience factor, which accumulates with you.

This article is a simple start to enter into this world you can understand it if someone tried to analyze using Elliott waves, but certainly not sufficient to deal with reality and if you want to increase your knowledge you can follow up with us next lessons, God willing.

Next lesson:  Elliott three basic waves