moonchild
VIP Contributor
Elliot wave is a trader that lived in the 80's during the course of his trading career he did some amazing things and what stood out among all what he have done is the Elliot wave theory which argues that price moves in some sort of waves, but before we proceed, you have to understand that Elliot wave is not the reason why markets move, they're just terms used to describe the market movements but they're not the catalysts because way fewer traders use them.
Elliot argues that in a trending market, it makes an impulsive wave and retrace in three consecutive moves and then retracing to make another ascending moves downwards, as Elliot wave trader it is advisable to get in on the second wave and to get out before the retracement begins and also vise versa if you're looking for sells in the markets.
What are your views on Elliot wave trading.
Elliot argues that in a trending market, it makes an impulsive wave and retrace in three consecutive moves and then retracing to make another ascending moves downwards, as Elliot wave trader it is advisable to get in on the second wave and to get out before the retracement begins and also vise versa if you're looking for sells in the markets.
What are your views on Elliot wave trading.
