3 Days Wave Analysis Course

DAY-1

 Part 1 - Understanding of Waves


1.    What is wave analysis??
2.    Why wave forms?
3.    Is it a technical analysis tool for the market?

Part 2 – Wave Patterns


1.    Basic structure of Elliott Waves


2.    Impulse wave


      a.    Fractal structure of impulse
      b.    Impulse cycle
             •    What is the meaning of cycle
             •    How cycle is getting developed
             •    How to understand each wave


3.    Corrective wave


       a.    What are corrective waves?
             •    Understanding how and why correction occurs 
             •    Difference between motive and corrective
       b.    Why corrective waves in formation of 3
             •    Why a correction has a specific shape


4.    3 important rules of wave analysis


       a.    3 rules that cannot be broken


5.    Impulse or motive waves    


       a.    Extension of 1, 3 or 5
              •    Extension of wave 1 and its consequences
              •    Extension of wave 3 and its consequences
              •    Extension of wave 5 and its consequences
              •    Difference between Fear and greed
      b.    Diagonal Triangles
              •    Where diagonal triangle occurs
              •    Why it differs from corrective triangles

6.    Corrective waves


       a.    Zigzag
              •    How zigzag unfolds
              •    Rules to observe 
              •    How to measure it
       b.    Flat(s)
              •    Variations of flats
              •    Rules to observe
              •    How to measure it
       c.    complex 
              •    Different types of complex corrections
              •    Double threes
              •    Triple threes
              •    Triangles
              •    How to measure each complex correction

7.    Additional guidelines of wave formation


      a.    Alteration
              •    What is alteration 
              •    Why we should keep alteration in mind
      b.    Equality of waves
              •    What is equality of wave
              •    Why we should keep equality in mind

 

DAY-2

Part 3 – Personality of Wave and Fibonacci


1.    Personality of waves
       a.    Wave 1
       b.    Wave 2
       c.    Wave 3
       d.    Wave 4
       e.    Wave 5
       f.    Corrective wave A
       g.    Corrective wave B
       h.    Corrective wave C

2.    Fibonacci relation


       a.    How Fibonacci is important in Wave analysis
       b.    Why we should monitor Fibonacci ratios
       c.    Importance of Fibonacci ratios in impulse
       d.    Importance of Fibonacci in correction
       e.    Benefits of Fibonacci Ratios

3.    Trend lines in wave analysis


       a.    How to draw trend lines using waves
       b.    What are the use of trend lines
       c.    Why we should use it
       d.    Identify correct trend lines or modify the same

 

DAY-3

Part 4 – Application of Waves in Market


1.    How to trade?
         •    How to use waves in trading
         •    How it is useful


2.    Time frame to use


         •    Meaning of different time frames
         •    Correct time frame to trade


3.    Correct entry point


         •    What should be your correct entry
         •    How to catch correct entry


4.    Stop loss and profit taking


         •    Risk management
         •    Defining SL in advance


5.    Understanding the degree of current corrections


         •    Understand the difference between the correction and reversal
         •    Understand the meaning and benefits of various degrees


6.    Taking correct counts in difficult situation


         •    Taking correct counts in confusing situations
         •    Identifying right way to trade


7.    Understanding the turning point or completion of current trend


         •    Taking wave analysis as a whole package to identify the trend
         •    What can you expect in future