Impulsive 5 wave structure - Ground Rules | Learn Elliott Wave | Elliott Wave Theory

Impulsive 5 wave structure - Ground Rules | Learn Elliott Wave | Elliott Wave Theory
In this video we’re going to learn how to identify the most popular among the Elliott Wave patterns: 5 wave Impulsive structure. We’ll get through all conditions which must be met for this popular structure.
Many wavers believe that market is always trending in 5 waves, which certainly isn’t the case. Nowadays most markets (with the exception of stock markets) are usually trending and correcting in 3, 7 or 11 swings. The Impulsive structure is not as frequent as it used to be and it must meet all of the rules we’re going to mention.
If you don’t follow the rules when analyzing, you’re getting more wrong than right. With wrongly labeled 5 wave impulse you’ll get a strong bias towards wrong direction.
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This channel is dedicated to Elliott Wave Analysis in different time frames. We will post videos about Forex pairs, Commodities and Indices. We have modified Elliott wave theory and added new rules to adjust it to the current times. We use a system of pivots and like forecasting and trading with the trend. Buying / Selling 3, 7 or 11 swings with the trend is our mantra. Thank you for visiting, hope you enjoy and learn from the videos.
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