Applying Elliott Wave Analysis – Module 4
Channeling the Waves & Alternate Counts
In the fourth module of Applying Elliott Wave Analysis, we’ll discuss the infamous channeling technique developed by Elliott in detail, along with how alternate counts fit into Elliott Wave analysis.
We’ll cover the basics of the wave channeling technique starting with when first establishing a temporary channel based on the initial move. We’ll also cover channel shifts and adjustments to form the final channel, and will display examples shown on live charts. Additionally, we’ll discuss channel rail throw-overs and throw-unders within channeling price action, and how the channeling technique can provide stellar opportunities in certain situations.
In conclusion, we’ll wrap things up and complete the module with an introduction to Elliott Wave alternate counts. We’ll discuss how to use these alternate counts, how they are applied when using Elliott Wave analysis.
Ready to move on to the fifth module?
Start Module 5: Trading the Waves