Masterclass on Elliott Wave

Analyzing market cycles and identifying the trader's psychology is the most important aspect of trading. However, accurately forecasting these elements remains a difficult task for many traders. As a result, most of them wiped out their capital while trading. 

So considering this in mind, we are introducing our transformative masterclass on Elliott wave that gives you an edge in your trading. It suggests that market movements follow a natural sequence of crowd psychology cycles. However, it is not an indicator or trading technique. Instead, it is a theory that helps traders to predict market behaviour. 

Through this course, you will be able to analyze market cycles and identify the traders' psychology, eventually leading to more accurate predictions.

In this course, you will explore the basics of this theory, including the rule of the fibonacci sequence & golden ratio, the bifurcation of Elliott structures i.e., impulse and corrective patterns, principles of Elliott waves, decoding impulse waves pattern and corrective waves pattern and forecasting future trend with Elliott waves. 

It is a highly advanced concept that many renowned traders and investors worldwide use to forecast market movement. 

Throughout the Elliott wave theory course, you will help you to learn advanced concepts of trading with Elliott wave with a practical approach. It basically focuses on the entry and exit levels of the market and knows how to analyze and forecast the trends with confidence. 

Furthermore, it covers advanced concepts, i.e., neo-waves Theory concepts that help you trade in the markets more confidently and boost your trading success.

This course is structured as a masterclass that combines live and recorded sessions, where our primary focus is doubt-clearing sessions to help you get practical hands-on experience with the topic. 

Please find below the topics covered under this course - Masterclass on Elliott Wave:

Topic 1:Basics of Wave Theory

• Introduction to Elliott Wave Theory: First, we will delve into the fundamentals of the Elliott Theory, exploring its origins and core principles. The theory suggests that the market moves in the form of a repeatable pattern, pattern repeats across the timeframes, and waves Theory is applicable across various types of markets - stock market, commodity market and FOREX market.
• The Science of Fractals in the Stock Market: Then we will understand the fractal nature of the stock market because the markets behave in the form of repeatable structures, and this pattern can be seen across the timeframes. Here we will know why it is applicable to the stock market and how it applies to price charts. This understanding will help you identify trends on various timeframes, enhancing your ability to make informed trading decisions.
• Rule of the Fibonacci Sequence and Golden Ratio: Next, we will explore the fibonacci sequence and golden ratio. Here you will understand these mathematical concepts are integrated to identify potential turning points, price targets, and harmonious relationships within market trends.
• Impulse and Corrective Structures: Then, we will dive deep into the different types of patterns. Generally, they are categorized into two main types: impulse and corrective patterns. Here you will know how to recognize the characteristics of each type of structure and how they contribute to the broader market cycle.
• Understanding Degrees of the Elliott Wave: At the end of this topic, we will understand the degrees of the waves that are essential for accurately identifying these patterns within the market. Here you will know that Elliott's theory categorized price movements into different degrees, each representing a specific trend level within the larger market cycle. Then you will first understand the tenets of technical analysis, and then we will look at the principles of Elliott waves. By understanding and identifying the degrees of these patterns, you will gain insights into how these work and forecast market trends. 

Topic 2:Decoding Impulse Wave Pattern

• Explanation of Impulse Pattern: In this session, we will gain an in-depth understanding of impulse patterns. Here we will understand the basic structure of these structures. It is the most common motive structure and the easiest to spot in a market. Like all motive waves, it has five sub-waves: three motive waves and two corrective waves, which are labelled as a 5-3-5-3-5 structure.
• Rules of Impulse Pattern: Then, we will understand the three rules of impulse these patterns to spot the trend of the market, leading to more effective trading decisions. The three rules for this structure's formation are: Wave 2 cannot retrace more than 100% of Wave 1, wave 3 can never be the shortest of Waves 1, 3, and 5, and Wave 4 can never overlap Wave 1. 
• Elaborating Extension Impulse Pattern: We will understand the extension impulse wave patterns that help to derive profitable trades. Here you will get learn the rules of extension patterns and the formation of these patterns. And you will also get a glimpse of how to set your risk-reward ratio.
• Application of Fibonacci Sequence across Impulse Pattern: Then, we will dive into the concept of the Fibonacci ratio and its assumptions. Here you get insight into how it applies to impulse patterns. Through this, you will spot the entry and exit levels from the trades. Along with that, you will also analyze the target and stop loss level.
• Explore Variation of truncation: Next, we will learn another variation of impulse pattern, truncation. Here we will know the rules of these structures and why they occur. You will also understand how to trade using different chart patterns and indicators and know the entry and exit levels using TradingView. 
• Variation of Ending Diagonal in Impulse Pattern: Then we will understand the ending diagonal pattern. Here we will focus on the formation and the rules of ending diagonal in impulse patterns. At the end of the session, we will delve into the psychology of these cycles and its variation patterns and how to apply channelling techniques and theories on Live Charts.

Topic 3: Decoding Corrective Wave Pattern

• Explanation of Standard Corrective Pattern: Elaborate on standard corrective patterns, learn the structure and variations of the zigzag, flat correction, failure flat, running flat, triangle, expanding triangle and diametric pattern, and understand its applications in Live Charts using TradingView. You will also learn about the trader's psychology and how to interpret the entry and exit levels from the trade.
• Explanation of Complex Corrective Patterns: Understand various complex corrective patterns such as double zigzag, double flat and triple flat, double combination, and triple combination. Learn the concept and applications of alternation and channelling techniques in the corrective pattern in Live Charts using TradingView. Here you will understand the psychology of different participants through which you can identify and analyze the risk-reward ratio.

Topic 4: Forecasting Future Trends with Elliott Waves

• Forecasting Ability with Elliott Wave: Next, you will understand and forecast the trends of the markets and the applications of the Fibonacci sequence with practical application. You will identify potential price movements and optimal entry and exit levels from the trade. 

Topic 5: Neo-Wave Theory

• Advanced Concept of Neo-Wave Theory: At the end of this masterclass, we will delve into the concept of neo-wave theory. Here you will understand the formation and rules of neo-wave theory. By recognizing these patterns on price charts, you can make informed decisions about potential entry and exit points, manage risk, and adjust your trading strategies accordingly. Furthermore, you will gain hands-on experience on live charts using TradingView.

Want to know more, speak to our Program Advisor, call +91 9748222555.