Elliott Wave Theory was discovered by Ralph Nelson Elliott in 1930’s. Elliott wave theory is a study of crowd psychology or human nature which has evolved since 1930’s. This means Elliott Wave Theory also needs to be adjusted to make accurate use of it, we have done exactly that and developed NEW Elliott Wave Theory which has 18 rules instead of 4. We analyse distribution of candles, price action and RSI sequence in order to identify and validate different Elliott wave structures. In this video, we are going to show you how to validate or invalidate an impulsive sequence (5 wave move) using the NEW Elliott Wave Theory.