Elliott Wave Theory - Advanced Corrective Recognition

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Elliott Wave.gif

Elliott Wave Theory - Advanced Corrective Recognition


s you become more comfortable with Elliott Wave Theory you will begin to develop a greater awareness of the markets and their possibilities. In theAdvanced impulse wave course we learn just how crucial it is to be on them, how the patterns set up and what to look for. In the Advanced Corrective Wave course we learn of the 11 different corrective complexities. Corrective mode is employed by all countertrend interruptions, which include waves 2 and 4 and B. Their structures are called "corrective" because they can accomplish only a partial retracement, or "correction," of the progress achieved by any preceding motive wave. The internal structure of the patterns, this will enable you to recognize a pattern within a pattern.

In an audio/visual interactive format among what we teach you includes;


  • Zigzag - A Zigzag is the most common corrective structure, which starts a sharp reversal. Often it looks like an impulsive wave, because of the acceleration it shows. We show you where a zigzag can extend itself into a double or triple zigzag. Whilst this is not very common, because it lacks alternation (the same two patterns follow each other). This has been a feature of many markets in this current mania, in particular the S&P 500. Furthermore the zigzag can only be the first part of a corrective structure. For this reason it is very important to be able to recognize and differentiate from an impulse wave.

    Flat - Flats are very common forms of corrective patterns, which generally show a sideways direction. Waves A and B of the Flat are both corrective patterns. Wave C on the contrary is an impulsive pattern.

    Expanded Flat or Irregular Flat - It is composed of five waves, which have an internal structure of 3-3-5.

    Running Flat - This pattern is a kind of Flat, with an elongated B wave and a very small C wave. This pattern also resembles an extension in an impulsive wave, where the wave has subdivided in two (or more) 1,2 combinations. These patterns have become very prevalent in Manis corrections.

    Triangles - A triangle is a corrective pattern, which can contract or expand. Furthermore it can ascend or descend. It is composed of five waves, each of them has a corrective nature. An added advantage would be to take the KnovaWave Chart Pattern capsules to improve your recognition and predictabilty of these patterns.

    WXY or Combination - A Combination combines several types of corrections. A so-called double or triple three is also a Combination, but this pattern combines Flats separated by X waves. These corrections are labeled as WXY and WXYXZ if it is even more complex.

In this course we will introduce additional various modern variations using our audio/visual interactive format with real market situations.

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