Trading With Elliott Waves

Learn how candlesticks visualize price movements by reading open, high, low, and close data, with wicks, bodies, and green or red candles.

Analyze how Elliot waves relate price and time, measure time with TradingView's date and price range tool using weekly candles, and apply Fibonacci retracement and extension to quantify price moves.

Apply the Elliott wave framework to weekly and smaller time frames, tracing COVID-era cycles, wave 1–5 and ABC corrections for Nifty and other markets.

In wave 3, use the 0–1–2 extension with a minimum target of 161.8%, and note there is no upper limit; wave 3 is not the shortest in a trending impulse.

Identify wave 4 with a 0–3 retracement capped at 50%, not dropping below about 50–51% or touching 61.8%, and set wave 5 targets from 3–4 at 127.2% to 261.8%.

Learn how the Elliott wave structure completes a degree when wave 5 ends. See how smaller blue waves serve as subordinates to larger red degrees, with relative relationships across levels.

Draw trend lines to bound wave 3, extend and clone a channel, and use the maturity trend line; break signals top and degree fall.

Explore impulse types in Elliott waves, including 127% and 161% targets and terminal impulse retracements, plus how wave 5 termination and wave 4 completion affect stop-loss.

Examine how extensions in Elliott waves produce complex corrections and terminal impulses, and observe patterns where waves 1 and 3 extend, sometimes not reaching 161% or 127%.

Learn to spot the leading diagonal in wave 1, where wave 4’s fall can exceed wave 2’s but must stay under 61%, signaling a strong wave 5.

Apply the rule of alternation to Elliott wave corrections, identify ABCs as flat or zigzag, and evaluate C for impulse, continuation, or complex correction with price and time targets.

Explore complex corrections in Nifty through Elliott waves, analyzing trend lines and gaps as support and resistance, and shaping entries, stop losses, and a 2% profit target in 10 days.

Differentiate triple corrections from impulses by analyzing time versus price dynamics and the alternation rule, recognizing degree falls and X, Y, Z structures.

Explore corrections within the Elliott waves framework and how they influence trading decisions, outlining the nature of corrective moves and their impact on wave counts.

Explore how exhaustion gaps and Elliott wave theory inform potential reversals, when gaps fill, how to trail stops, and why trend lines and IC candles matter in identifying reversal setups.

Explore contracting triangles in wave four or wave B, expanding versus contracting, and apply 69–89% retracements with a 61% test for targets; ensure E stays off trend lines.