Elliot wave is a method of technical analysis to count trend wave. Elliot wave is in two form;
2)Corrective waves can be either 1 to 5 or 1 to3
Following image is an example of elliot wave count;
Analysis the chart from weekly time frame to 4h candle. Lower time frame more hard for wave analysis.
1)Basic trend waves.1)Basic trend waves are in 1 to 5 numerical form {LH(1)L(2)H(3)L(4)H(5)}
2)corrective waves.
2)Corrective waves can be either 1 to 5 or 1 to3
Following image is an example of elliot wave count;
Analysis the chart from weekly time frame to 4h candle. Lower time frame more hard for wave analysis.
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