We hosted a free Elliott Wave Webinar on June 1st, 2019. The webinar is suitable for new traders or those who have limited / basic knowledge of Elliott Wave. Below is the recording of the webinar.
We cover the following topics:
- Elliott Wave degree.
- Motive wave: Impulse, diagonal.
- Corrective wave: Zigzag, Flat, Triangle, Double Three.
Elliott Wave degree
There are 9 degrees in Elliott Wave Theory: Grand super cycle, Super cycle, Cycle, Primary, Intermediate, Minor, Minute, Minutte, and Subminutte. We explained what these different degrees mean and how to understand Elliott Wave charts. In addition, we also explained which time frame do you usually find these different degrees.
Motive wave is a 5 waves move and has 2 types: Impulse and Diagonal. We cover the rules of each type and also the Fibonacci relationship. We spend some time to talk about the diagonal as most new traders are familiar with Impulse but not a diagonal.
Corrective wave is a 3 waves move and has several types: Zigzag, Flat, Triangle, Double Three, and Triple Three. We spent time to talk about zigzag, Flat, and double three since these are the most common corrective patterns in the market.
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