Predict the Market with Harmonic Elliott Wave Analysis
4.7 (112 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
286 students enrolled

Predict the Market with Harmonic Elliott Wave Analysis

Learn How to Nail Tops and Bottoms in Any Market
Bestseller
4.7 (112 ratings)
Course Ratings are calculated from individual students’ ratings and a variety of other signals, like age of rating and reliability, to ensure that they reflect course quality fairly and accurately.
286 students enrolled
Created by CastAway Trader
Last updated 5/2020
English
English [Auto]
Current price: $89.99 Original price: $99.99 Discount: 10% off
30-Day Money-Back Guarantee
This course includes
  • 8 hours on-demand video
  • 99 downloadable resources
  • 2 Practice Tests
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion
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What you'll learn
  • You will be able to quickly recognize major patterns in the stock charts that get replayed in either a trending or sideways markets. And the full analysis of a chart will take you just 2 - 5 minutes
  • You will know how to distinguish trending market making new highs or lows from sideways or corrective market moving in countertrend direction
  • You will be armed with clear rules that work on any timeframe, from 1 minute to monthly and for any instrument including stocks, futures, commodities like gold and crude oil, currencies and crypto currencies
  • You will be able to identify critical support levels in a bull market and resistance levels in bear markets that should become your hard stops
  • You will be able to recognize topping and bottoming patterns and learn what is the most dangerous time to pick tops and bottoms and when it becomes a valid and reasonable trading strategy
  • You will know at what stages of a rally to buy breakouts is a good idea and when it is too risky
Requirements
  • You do not need to have any knowledge either in technical analysis or in the classic Elliott Wave theory
  • You will be able to perform the analysis in any charting platform including free Tradingview
Description

Every day traders and investors try to guess what will be the next move in prices for the assets they trade.

And every trader and investor hates uncertainty and dream about being able to predict the next move in price

What if I tell you that it is possible and that you can learn how to do that?

You will discover how to turn total uncertainty into 2 - 3 high probability scenarios. And how to use rules to validate or discard scenarios.

You will know how to predict most likely future path of price and calculate potential target of that move.

In this course you will learn about fractals. Fractals, are repeating patterns that can be easily found on any price chart. There are different patterns for trending and corrective markets. I will explain why those patterns get repeated again and again. I will teach you to monitor general market sentiment. You will see that each rally and each correction is driven not by press releases important data or some secret insights but by ever changing sentiment of investors. In the course of unfolding rally sentiment changes from disbelief and doubts, to cautious hope, then optimism, and finally reaches euphoria right at the time when price reaches its highest point.

Second you will learn the basic yet the most important five wave structure. Any major rally follows that structure. You will learn six clear and simple rules that will help you to identify a trending structure, set a high probability target for the final top or bottom in just 5 minutes. Moreover, you will learn about natural pulse of the market. It’s like a rhythm in music. Every rally is followed by a corrective countertrend move. And Any correction is followed by another rally.  It’s like a dance when you make simple move one step forward and one step back. And by repeating those simple moves in different combinations you create a performance.

If you identify and track a fractal you will not longer be surprised by a sudden change in market sentiment when powerful rally suddenly turns into painful quick decline the very next day. You will learn to anticipate those reversals, be prepared for them and make money on corrections while your peers will be freaking out.

We will review all different types of corrective moves. When other folks will be praying for price to come back to their purchase price just to dump their holdings without loss you will be enjoying great entry points at cheaper price. Correction will turn from a painful experience into long expected sale season!

I will explain how correctly use retracement tool and show real life examples how that technique helped to nail bottoms. That simple yet efficient tool lets you anticipate at what level price may find support and complete correction move.

The next big topic of the course is projection tool. You will learn that waves inside the five wave fractal and even inside of corrective A-B-C fractal relate to other by repeating ratios. I will show you the ratios I use every day. We will study how to use those ratios, make projections and build clusters of fibs to predict high probability reversal zones for rallies and corrections.

Whether you trade or invest in stocks, futures, options or crypto currencies you deal with a total uncertainty. And our brains hate that feeling of uncertainty. We feel anxious and being unable to make rational decisions under pressure. Harmonic Elliott Wave provides you with a framework that you apply to decrease uncertainty to 1, 2 or three major possible scenarios. That gives you a sense of control and puts you back into a driver seat. You come up with scenarios, check if they follow the rules and discard the one that gets invalidated. That is a process, that is a business rather than gambling. That calms you down and brings back your self confidence.

I will explain the whole process in details and provide you with step-by-step guide on how to count a chart from scratch, how to recognize patterns and then check if they follow the rules to validate them.

There are around one hundred short videos in the course each 1 - 4 minutes. And there is a pdf file with charts, my comments and key takeaways for each lesson. Udemy app lets you download videos and pdf files to your phone, tablet or desktop and study them even when you are on the road or do not have access to internet.


Who this course is for:
  • Beginner stock and futures traders who look for a reliable instrument for predicting markets. Experienced practitioners of the classic Elliott Wave theory will discover a different, more precise and efficient methodology in comparison to the one offered by the classic Elliott Wave theory.
  • Experienced analysts and traders proficient in the classic Elliott Wave theory will discover a different, yet more precise and efficient methodology in comparison to the one offered by the classic Elliott Wave theory
  • Long-term investors who would like to better time their entries and exits. You will be able to set long term targets for multi year rallies and find high probability reversal zones for temporary corrections
  • Start the course today if you feel tired of losing money by following market gurus. You spend hours sitting in private traders chats or watching CNBC looking for expert insights. You try to best guess what recommendations to follow and make a number of good trades but then give them all back in one or two bad trades. Learn to invest and trade based on your own analysis following clear rules
Course content
Expand all 137 lectures 08:11:35
+ Introduction
3 lectures 17:09

Looking at different price charts it is quite easy to make an important observation that price follows some specific patterns again and again. Those patterns can be found on price charts of stocks, futures, stock indexes, bonds, commodities and crypto currencies.

The most important pattern is A-B-C pattern.

Preview 02:29
+ Structure of the A-B-C Fractals
4 lectures 04:12

In the section 2 you will learn that price never goes up or down in a straight line.

Every price chart tries to talk to you but you do not understand them because you do not know the language. A-B-C fractal is as important in trading as the letter A in the alphabet. Children start to learn reading and writing from learning the alphabet. This so exciting for a parent to see how kids first time recognize the letter A in a book. From that point the kid will quickly learn all the other letters and will start reading first words and then longer phrases.

All the markets move in zig zags because people are driving force of any market. And when human beings make decisions on buying and selling stocks, real estate, art or even cars or groceries they do that under influence of emotions and cognitive biases.

The vast majority of market participants are driven by emotions fear or greed. They chase price all the time. They buy when price goes up long enough to make them confident it will keep going to the moon.

They sell when price goes down deep enough to make them scared. First they see price falls under the level where they bought a stock. Then it continues to fall relentlessly day after day. You start looking for expert opinions and they say “the worse is not over”. This is when fear kicks in and you get confident price goes to zero and they will lose their money completely.

This section will teach you the simplest yet important rhythm of the market. One step forward, one step back and one step forward. That simple! It’s like a dance when partners make simple repeating moves but combination of those simple steps creates a beautiful performance. You will see how simple A-B-C moves of different sizes combined together form rallies and corrections

Preview 00:16

The first move in the wave A is the first action of the new A-B-C fractal. Wave A sets the tone for subsequent corrective wave B. Both, actionery wave A and correction in wave B, become a base for the final wave C that resolutes the fractal.

In Any A-B-C fractal the starting point is the low of the Wave A in up fractals and the top of the wave A in down fractals.

That starting point of the wave A should not be breached by subsequent waves B and C.

In up moving A-B-C fractals, after the first action in the wave A up, a corrective wave B down starts from the top of the wave A up. It can fall back all the way down to the starting point of the wave A. In that case we say that "wave B retraced 100% of the preceding wave A". However, in no case it can fall under the starting point of the wave A up. If that happens, we say that "the count gets invalidated". In other words we made mistake and incorrectly identified the first move off the bottom as wave A.

In majority of cases, corrective wave B down manages to retrace only part of the rally completed in the wave A, particularly from 38.2% to 85.4% of the distance covered by the preceding actionery wave A up.


The Basic building block of any price pattern - "abc" fractal
01:23

Price never travels in a straight line for too long, it travels in zig-zags shaped as A-B-C.

Those "zig-zag" shaped moves are consisted of three segments we label as A, B and C.

The first move we call actionery move in the wave A.

The second move we call a correction in the wave B.

And the final third move completing a zig-zag is called "resolution" in the wave C.

There are two formal rules each A-B-C fractal should follow:

( 1 ) In up looking A-B-C fractal the starting point of the wave A is the main support for the whole A-B-C up fractal. Reactionery Wave B down may come back up to the lowest point of the wave A but never should go under it.

In down looking A-B-C fractal the starting point of the wave A is the main resistance for the whole A-B-C down fractal. Reactionery Wave B up may come back up to the highest point of A but never should go over it.

( 2 ) In up looking A-B-C fractals Wave C either retests or more often makes new higher high over a high made by Wave A. In down looking A-B-C fractals Wave C either retests or more often makes new lower low under a low made by Wave A.


Formal Rules any ABC fractal should follow
01:21

In down moving A-B-C fractals, after the first action in the wave A down, a corrective wave B up starts from the bottom of the wave A down. It can get back all the way up to the starting point of the wave A. In that case we say that "wave B retraced 100% of the preceding wave A". However, in no case it can rise over the starting point of the wave A down. If that happens, we say that "the count gets invalidated". In other words we made mistake and incorrectly identified the first move off the top as wave A down.

In majority of cases, corrective wave B up manages to retrace only part of the preceding decline in the wave A, particularly from 38.2% to 85.4% of the distance covered by the preceding actionery wave A down.

A-B-C fractal in declining markets
01:12
+ Case Studies: Structure of the A-B-C Fractals
3 lectures 01:56
Case Study: A-B-C fractal on Microsoft Monthly Chart
00:41
Case Study: TESLA, A-B-C fractals
00:33
Case Study: Russell-2000, A-B-C fractals
00:42
+ The Five Wave Fractals
8 lectures 10:01

Five Wave fractal is the structure behind any trending moves up or down. If you want to benefit from trends you first should be confident you deal with a trending move. In this section I  will give you five simple rules that any five wave fractal should follow. Five simple rules that will change the way you trade trends. In following chapters of the course about the projection tool we will add one more rule number 6.

Five Wave Fractal is the backbone of any rally. We will study that fractal to know what the main stages of any rally are and how crowd sentiment changes in the course of any rally.

There are five waves in any trending move but only three of them are in direction of the trend. Two other waves are corrective waves. They move in countertrend direction.  Remember we learned that price never travels in a straight line? If you happen to buy a stock or crypto currency at the early stage of a trending move the ride will not be easy. Trending move does not mean every day will be a sunny day bringing you a higher price. There will be painful corrections in the process. Those who unprepared will be shaken out.

When other folks will be freaking out trying to find some rational explanation of a drop on news. They will be questioning the trend and most likely will throw in the towel very close to completion of correction. Wave analysis will let you predict and enjoy corrections turning them from a painful experience into long expected sale season when you can pay less when the crows lost hope.

Preview 00:20
Introduction of the "Five Wave" fractal
01:52
Rule 1 any Five Waves fractal should follow
01:10
Rule 2 any Five Waves fractal should follow
00:52
Rule 3 any Five Waves fractal should follow: Rule 3
02:29
Rule 4 any Five Waves fractal should follow
01:13
Rule 5 any Five Waves fractal should follow
01:05
Your Takeaways from the lessons on the Five Wave Fractal
01:00
+ Case Studies: The Five Wave Fractals
2 lectures 06:13
Case Study: MSFT, Five Waves Up fractal
02:23
Case Study: GILD, Five Waves Up fractal
03:50
+ Fractal nature of price charts
8 lectures 25:55

There are two main distinctive fractals: A-B-C fractal and Five Wave fractal. This section will explain you that fractals have a magical feature. If you combine two five wave fractals with A-B-C fractal in between you will get another A-B-C fractal of a bigger size!

Each of those five waves itself is A-B-C fractal, because each of the waves 1,2,3,4 and 5 has A-B-C internal structure.

That feature of fractals makes wave analysis an exceptional trading tool. Imagine you have been following a rally with five wave fractal and it has completed wave 1,2 3 and 4. Your main question is how not to miss the top of that rally. Well because you know that wave 5 is itself an A-B-C fractal you first wait for at least wave A up and C down. Then you know you are left with the very final wave C up which will complete the wave 5 and the whole fractal. Again because of fractal nature wave C of 5 is itself composed on five waves! To nail the top you just zoom in switching to a lower timeframe and start counting the very final five wave up which would complete wave C of 5 and the whole big rally.

Fractal nature of waves turn make it possible to keep analysis as simple as counting large and small waves that compose large ones. You can be sure in two outcomes: the rally will be completed either by completing the whole structure in its small details (subwaves) or will invalidate itself breaking down one of the critical support.

Preview 00:37
How small A-B-C and Five Up fractals become parts of similar bigger fractals
01:38
Bigger fractals are just combinations of smaller size fractals
02:52
How Waves are subdivided into subwaves
01:32
Your key takeaways from the sections on the fractals
00:50
How We Label Waves To Distinguish Their Relative Size and Location
05:52
Impulsive vs Corrective Waves
04:19

Sooner or later you will memorize the look of the Five Wave up fractal. But that is the only first step on the way to mastery. In majority of cases in your trading you will face incomplete Five Wave up or down fractal. It is much more difficult to recognize an unfolding Five Wave fractal then a completed one. But if you manage to recognize it after completion of wave 2 down you will be able to make good money by betting your money on continuation of the trending move in wave 3. In this video I show you two examples to convince you it's not hard at all to recognize incomplete fractals. In fact your brain does many time a day. If you feed enough samples of some object to your brain it will store a library of different looks of those objects in its long term memory. And then it will need to see a small tiny detail of an object to recognize it and reconstruct an image of the whole object in your mind even if the part of the object is hidden or not visible.

Preview 08:15
+ Case Studies: Fractal nature of price charts
3 lectures 04:29
Case Study: Gild, Subdivision of wave A of 3
01:24
Case Study: Gild, Subdivision of wave C of 3
00:57
Case Study: XBI '06-'08: Five Waves Structure of the Wave C of 3
02:08
+ The Five Wave Fractal in Motion
10 lectures 11:33

Let’s dive in deeper into the most important five wave fractal. By the end of this course you will be able to identify that pattern in a heartbeat.

But so far we have focused on a completed five wave pattern. That means that when we have all five waves in place the rally is over. Our goal is to participate in the rally before it gets completed.

That is why we need to study how that five wave pattern unfolds step by step. Doing that you will start memorizing the looks of partially completed pattern at each stage.

Completion of each of those five waves provides you with additional information. For example, when impulsive wave 1 or 3 in direction of the trend tops out it gives you additional information to calculate the ultimate target of the move. We will study soon how length of wave 1 impacts the length of wave 3 and how combined length of waves 1 and 3 impacts the target for the wave 5. The lows of the corrective waves 2, B of 3 and 4 let you confirm that the structure is valid because each new corrective wave should make a new higher low. In terms of trading each completed corrective wave let you raise your stop to a higher level minimizing risk of a trade.

We will be talking about that five wave fractal again and again adding more details to embed in your mind picture of partially completed five wave up fractal. The goal is to make sure you start seeing it on any chart at a glance without thinking.

Preview 00:28
Five Wave Fractal: Meet Wave 1
02:16
Five Wave Fractal: Meet Wave 2
00:54
Five Wave Fractal: Meet wave a of 3
00:47
Five Wave Fractal: Meet wave b of 3
00:48
Five Wave Fractal: Meet Wave c of 3
01:14
Five Wave Fractal: Meet Wave 4
00:42
Five Wave Fractal: Meet Wave a of 5
01:44
Five Wave Fractal: Meet Wave b of 5
01:32
Five Wave Fractal: Meet Wave c of 5
01:08
+ Case Studies: Five Wave fractal in motion
4 lectures 05:31
Case Study: MSFT: Wave A of 5
01:32
Case Study: MSFT: Wave ( B ) of ( 5 )
01:20
Case Study: MSFT: Wave ( C ) of ( 5 )
02:16
Case Study: XBI '06-'08: Wave 4 down
00:23

This test will help you to check whehter you fully understand all the rules that regulate five weave fractals

Test 1. Five Wave Fractal
11 questions
+ Quiz with patterns 1
12 lectures 22:24

Look at actual charts and answer questions. By doing that you will start memorize visual look of the major patterns

NEW! Quiz with patterns 1
12 questions
Question 1 - Explanation of the correct answer
01:12
Question 2 - Explanation of the correct answer
01:46
Question 3 - Explanation of the correct answer
01:46
Question 4 - Explanation of the correct answer
01:39
Question 5 - Explanation of the correct answer
01:48
Question 6 - Explanation of the correct answer
01:23
Question 7 - Explanation of the correct answer
01:17
Question 8 - Explanation of the correct answer
02:21
Question 9 - Explanation of the correct answer
02:26
Question 10 - Explanation of the correct answer
01:43
Question 11 - Explanation of the correct answer
01:34
Question 12 - Explanation of the correct answer
03:29