An introduction to Elliott wave theory
John C Burford explains the basics of Elliott wave theory, and how to use it to your advantage in your trades.
Many thanks to everyone who left their comments on my first tutorial, the essentials of tramline trading very helpful and encouraging. If you missed it you can watch it here.
This week I explain the basics of Elliott wave theory and how to use it to your advantage in your trades.
Elliott wave theory is a complex and, to the uninitiated, seemingly arbitrary tool. But once you have a grasp of the basics, and used in conjunction with other technical analysis methods, it can prove very useful in forecasting market trends.
In this video, you will learn:
The key principles of Elliott wave theory; What corrective waves are; The significance of the ABC wave pattern; How to apply it in practice to real-time trades.
And if you haven't seen them yet, or you would like a refresher, do take a look at my other video tutorials.