Monthly Archives February 2020

How To Effectively Interpret Market Structure Using Elliott Wave Analysis?

How To Effectively Interpret Market Structure Using Elliott Wave Analysis?

by | 29/02/2020 | No Comments

In Elliott Wave analysis, guess what is the first thing most traders look out for whenever they open a new chart? If your answer is "Market Structure", you are spot on. When it comes to any form of chart analysis, the most important element is ultimately Market Structure, period. The ability to recognize, understand and interpret market structure is the pinnacle of all forms of price action trading methodologies. This is especially true for Elliott Wave Analysis. What Exactly Is Market Structure?From a technical analysis perspective, market structure is a combination of many aspects of charting. It is represented as an up trend on your charts when prices
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Failure To Adopt A Top Down Approach To The Elliott Wave Principle

Failure To Adopt A Top Down Approach To The Elliott Wave Principle

by | 29/02/2020 | 1 Comment

  Your Starting Point Matters One of the most common mistakes I observed and made as an Elliott Wave Technician is the failure to adopt a systematic and “Top-Down” approach to using the Elliott Wave Principle. According to the Chaos Theory, the apparent randomness of complex and chaotic market conditions often depend on their initial conditions. Thus, we should always strive to start any form of technical analysis right from the top with all the available data if possible. Limited Broker Data Unfortunately, the data available from the broker’s platform is sometimes quite “Limited” for certain financial instruments. And quite
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