Elliott waves
Three rules that make a count testable, and a dozen guidelines that make it endlessly flexible. The difference between them is the whole course.
4 lessons · 25 min
Who this course is for
For anyone who has seen charts marked with numbers and letters and could not find the testable claim in them. After this course you label an impulse by three hard rules, name the invalidation price before entering, and honestly count how many times your count had to be changed in hindsight.
- 1Wave analysis and its inborn flaw6 minThe idea is simple and elegant: a move runs in five waves, a correction in three. The flaw is that almost any chart fits several counts at once.
- 2The impulse: three rules and the price at which the count is dead6 minThere are only three rules, and each gives a specific number. This is the one place in all of wave analysis where a claim can be refuted — and therefore the only place worth building a trade on.
- 3Corrections: why they are harder than the impulse7 minThe impulse has three hard rules. A correction has none. That is where most wrong counts come from, and from it follows the only sensible conclusion: you do not trade inside a correction.
- 4Fibonacci: what here is measurable and what is decoration6 minThere is no law of nature obliging price to respect 0.618. There is something else — and it is enough to make the levels work, but not in the way they are advertised.