Saturday, December 15, 2007

Elliot Wave : The Beginning Wave


Often by using an oscillator it is possible to know when a typical wave has ended especially when the oscillator has pulled back to its zero line. Wave is the beginning wave and comes after a period of consolidation that signifies the end of a th wave.

Now armed with this simple non complicated understanding of elliot waves we know that wave and are the longest waves that can be tradeable for most gains and are impulsive waves upwards while wave and wave are impulsive downwaves. These waves are called wave wave wave wave and wave respectively. In price action trading price and time are the main indicators used to identify the major entry and exit positions allowing the forex trader to capture the sweetest part of the trading move and exiting just before or slightly after the move has begun its downswing. Wave is an impulse wave upwards and is often the longest of the waves and can typically be .


Technorati Profile