Applying Elliott Wave Analysis – Module 2
Elliott Wave Market Structures
Within module 2 of the Applying Elliott Wave Analysis instructional course, we’ll cover the three basic rules of Elliott Wave analysis. We’ll also discuss the difference between motive and corrective structures, and go in-depth on the five groups of Elliott Wave market structures 1-by-1 in detail. These would include diagonals and impulses for motive waves, and zig-zags, flats, and triangles for corrective waves. Each of these structures can plan an important role in the bigger picture for price action.
After that, we’ll switch over to some live charts and look at some of the market structures that are forming within today’s market. We’ll touch on the wave “X” theory and complex corrective sequences.
This module finishes with the guideline of alternation will being discussed, detailing that wave 2 and 4 tend to alternate and can be telling price action to confirm or negate potential counts as market structures develop.
Ready to move on to the third module?
Start Module 3: Fibonacci Relationships and Wave Psychology