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In Technical Analysis

Masterclass on Elliott Wave

  • Advanced
  • English
  • 155 Learners
  • Validity: 3 Years
Ashish Kyal

Instructed By

Ashish Kyal

Elliott Wave Course Highlights

  • 6+ hours of On-demand Content
  • 4+ hours of Q&A Session with the Expert
  • Whatsapp Community Support
  • Certificate of Completion

Introduction to trading with Elliott Wave

Are you someone who usually struggles with analyzing market cycles and identifying market psychology, which is the most important aspect of trading?

If so, then you must have wiped out your capital while trading. This is due to a lack of understanding of the market dynamics.

Keeping this in mind, we are introducing our transformative elliott wave course, which gives you an edge in your trading. 

Masterclass on Elliott Wave is structured with live and recorded sessions, where our primary focus is doubt-clearing sessions to help you get hands-on experience with the topic. Here, you will learn advanced concepts of trading with elliott wave with an experiential approach. It focuses on the market's entry and exit levels and knows how to analyze and forecast the trends with confidence.

So, let us further dive in to understand what this course has in store for you:

  • Recorded Content: You will get recorded content that covers conceptual concepts and strategies, allowing you to learn at your own pace.
  • Doubt-Clearing Session: You will also get a doubt-clearing session, where our mentor will address your queries and share valuable insights to enhance your skills and knowledge. 
  • Community Support: Additionally, you will get handholding through chat support that will help you gain the confidence to trade independently. Here, you can post your queries and interact with your peers on a regular basis for query resolutions.
  • Certificate of Completion: You will receive a certificate of completion after successfully passing the examination.

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, you will delve into the fundamentals of the Elliott Theory, exploring its origins and core principles. And understand how it is applicable across various types of markets - stock market, commodity market and FOREX market.
  • The Science of Fractals in the Stock Market: Then you will understand the fractal nature of the stock market, which helps you to identify trends on various timeframes, enhancing your ability to make informed trading decisions.
  • Rule of the Fibonacci Sequence and Golden Ratio: Next, you will explore the fibonacci sequence and golden ratio. Here, you will understand how these mathematical concepts are integrated to identify potential turning points, targets, and stop loss.
  • Impulse and Corrective Structures: Then, you will dive deep into the different types of patterns. Here, you will learn how to recognize the characteristics of each type of structure and how it contributes to the broader market cycle.
  • Understanding Degrees of the Elliott Wave: At the end of this topic, you will understand the degrees of the waves. These are essential for accurately identifying the patterns in the market. 

Topic 2: Decoding Impulse Wave Pattern

  • Explanation of Impulse Pattern: In this session, you will gain an in-depth understanding of impulse patterns. Here, you will understand the basic structure of these structures. 
  • Rules of Impulse Pattern: Then, you will understand how this pattern is formed based on certain rules. This will help you spot the market trend, leading to more effective trading decisions. 
  • Elaborating Extension Impulse Pattern: Then, you will learn the rules of extension patterns and the formation of these patterns. Here, you will also learn how to set your risk-reward ratio.
  • Application of Fibonacci Sequence across Impulse Pattern: Then, you will dive into how Fibonacci applies to impulse patterns. Through this, you will spot the entry and exit levels from the trades. 
  • Explore Variation of truncation: Next, you will learn another variation of the impulse pattern, truncation. Here, you will learn the rules of these structures, 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 you will focus on the formation and the rules of ending diagonal in impulse patterns. At the end of the session, you will delve into the psychology of these cycles, their variation patterns, and how to apply channelling techniques and theories on Live Charts.

Topic 3: Decoding Corrective Wave Pattern

  • Explanation of Standard Corrective Pattern: Here, you will understand the concept and types of standard corrective patterns, including zigzag, flat correction, failure flat, running flat, triangle, expanding triangle and diametric pattern.
  • Structures of various Standard Corrective Patterns: Then, you will learn the structure and variations of these patterns. Here, you will understand and interpret its applications in Live Charts using TradingView. 
  • Explanation of Complex Corrective Patterns: Moving on, you will understand various complex corrective patterns such as double zigzag, double flat and triple flat, double combination, and triple combination. 
  • Understand the Alternation and Channelling Techniques: At the end of this section, you will 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: This elliott wave online course will help you 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. 

If you want to know more, speak to our program advisor or call +91 9748222555.

Ashish Kyal

About the Trainer

Ashish Kyal

2995 Learners 140 reviews

Ashish H. Kyal, Author of International Book - Effective Trading in Financial Markets using Technical Analysis. He is the Founder of Waves Strategy Advisors - WavesStrategy.com and Ashish Kyal Trading Gurukul based in Mumbai, India, a Chartered Market Technician (CMT), and a member of CMT-USA. He is a frequent speaker on CNBC TV18, ET NOW, CNBC Awaaz, Bloomberg Quint, Rajya Sabha TV, and the National Institute of Bank Management.



Know More

What Will You Learn?

  • Explore the Elliott Wave Analysis and understand the rules and formation of various structures.
  • Understand the Fibonacci Sequence and Golden Ratio concept and learn its application to Elliott's Theory.
  • Deep dive into the principle and decode the Impulse and Corrective Waves Patterns.
  • Forecast short-term and long-term market trends and identify profitable trading opportunities using waves techniques.
  • Apply the principle to trade in the markets and enhance the risk-reward ratio while taking trading positions.

Topics Covered in Elliott Wave Course

  • Basics of Wave Theory
  • Principles of Elliott Wave Theory
  • Decoding Impulse and Corrective Pattern
  • Forecasting Future Trends with Elliott Waves

Intended Participants

Anyone who is seeking to identify key turning points and assess market trends can join this elliott wave trading course.

Get Certified

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Next batch details will be updated soon. Please check this space after a few days.

Under this course “Masterclass on Elliott Wave” the participant will be required to appear for the online examination hosted on the website of Elearnmarkets.com. Please note that the participant will get the Certificate of Completion for the course, only after passing the Certification Test provided in the course.


Procedure: 

  • The student has to appear for the Certification Test hosted on the website itself under “Test >> Certification Test”.
  • In case the student does not clear the Certification Test, they can re-appear the same after 8 hours.
  • In case of any further assistance, drop in an email to support@elearnmarkets.com or call: 9051622255

Other Details:

  • Duration: 40 minutes.
  • Pattern of Questions: Multiple choice-based questions of 2 marks each.
  • No Negative Marking
  • Qualifying marks: 60%

Certificate of Completion: 

After successful completion of the online examination, participants need to go to the "My Certificate" tab in Student Dashboard to download the certificate for the respective course.

Ashish Kyal

Instructed By

Ashish Kyal

4,999

*incl. of Taxes

Frequently Asked Questions

Elliott Wave Theory is a technical analysis approach that identifies repeated patterns in market price movements to forecast financial market trends and cycles. According to Elliott Wave Theory, market movements follow a series of crowd psychology cycles.
The two primary types of waves in Elliott's wave theory are corrective waves and motive (impulse waves). There are three impulse waves and two retrace waves that make up a motive wave. A corrective wave is made up of three waves: A, B, and C. Wave B is a retrace wave, whereas Waves A and C are impulse waves.
According to Elliott's Wave Theory, market prices will alternate between an impulsive and a corrective phase. Impulses are generally divided into a series of five lower-degree waves that alternate between motive and corrective nature so that waves 1, 3, and 5 are impulses while waves 2 and 4 are smaller retraces of waves 1 and 3.
It is recommended that participants have a basic understanding of technical analysis and charting concepts.
Masterclass on Elliott Wave is a live+self-paced recorded course. This masterclass has 2+ hours of Q&A sessions with the expert and approximately 10+ hours of on-demand content.
No, this course doesn’t have any live trading sessions. However, you will get access to 2+ hours of live Q&A sessions with the expert.
You will get access to the class recording within 2 working days. To access the recording, go to Live Sessions >> Batch >> Recorded.
a. Login to www.elearnmarkets.com with your registered email id b. Go to My Account and click on “My Courses” c. Click on "Course Name"
Yes, this is a certification course with lifetime validity.
After successfully completing the examination, participants need to go to the "My Certificate" tab in the Student Dashboard to download the certificate for the respective course.
Please reach program advisor at 9748222555. You can alternatively write to us at info@elearnmarkets.com
Please reach Team Support at 9051622255. You can alternatively write to us at support@elearnmarkets.com
To post your queries in the discussion forum, follow the below-mentioned steps: a. Go to the video or the class recording in which you are having doubts b. Click on the Ask a Question icon c. A dialog box will open. Type the topic in which you are having doubt and the specific doubt you are having. Please provide as many details as possible. d. Your query will be answered by our experts soon.
Elliott wave principle states that the market price movements can be divided into five impulsive waves (denoted as 1, 2, 3, 4, and 5) and three corrective waves (denoted as A, B, and C), forming a complete cycle.
Elliott wave is used to forecast price movements and identify potential turning points. The key application involves identifying and interpreting the five impulsive waves and three corrective waves that form a complete cycle. Impulsive waves generally move in the direction of the main trend, while corrective waves represent temporary counter-trend movements.
Elliott's pattern consists of "impulsive waves" and "corrective waves." An impulsive wave consists of five sub-waves. It moves in the same direction as the trend of the next larger size. A corrective wave is divided into three sub-waves. It goes against the trend of the next larger size.
One common misperception regarding Elliott Wave trading is that it provides accurate forecasts. While it is an effective tool to analyze market movements, it is not completely reliable and should be used in combination with other technical indicators. It is important to note that no analysis can forecast the market movement with precision.
Traders use Elliott Wave analysis to identify trends, set price targets, manage risk, and make informed investment decisions by combining it with other technical indicators.
"A correct Elliott wave count must observe three rules: >> Wave 2 never retraces more than 100% of wave 1. >> Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. >> Wave 4 never enters the price territory of wave 1."

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