Welcome to my second video tutorial on how to use Elliott wave theory in your trading.
In this video, I aim to show how Elliott wave theory can work across many timeframes.
I look at a textbook example of how to use the theory from the gold market. Note that my example is from August, so the market has moved on from then, but the main principles still apply.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
In this video, I expand on the two main principles of Elliott wave theory:
In any bull or bear market, the market travels in five main waves. The fifth wave is followed by an ABC correction.
After the correction, we get a resumption of the main trend.
If you have not yet seen my introductory video on Elliott wave theory, watch it here:An introduction to Elliott wave theory
And if you haven't seen them yet, or you would like a refresher, do take a look at my other video tutorials.
-
Pension warning: one in five don’t know how much is going into their pensionHow to check your pension contributions and why it matters
-
50,000 power of attorney applications rejected – how to avoid common mistakesA freedom of information request shows that thousands of lasting power of attorney (LPA) applications are rejected due to errors. We explain how to avoid mistakes and reveal tips to make the process as straightforward as possible
