Don't Miss Out! Mastering Elliot Waves : 3 Essential Principles

Hello friends!

Welcome to RK_Chaarts !!

Let's dive into the ruling principles of Elliot Waves that we cannot violate. There are three key principles:

1. Wave 2 will never Retrace more than 100% of wave 1

2. Wave 3 will never be the shortest among the three impulses (1, 3, and 5).

3. Wave 4 will never enter the territory of wave 1 (except in diagonals or triangles, where wave 4 can overlap with wave 1).

In this post, we'll explore how to apply these principles to analyze and solve the puzzle of a complete chart. We'll use a live example from the chart of SAMVARDHNA MOTHERSON, which is a tough and technically challenging chart. However, using Elliot Wave principles, we'll attempt to solve it.

Please note that this post is for educational purposes only and should not be considered as trading advice. We'll discuss potential scenarios, alternative possibilities, and "what-if" situations.

I hope you find this post helpful and informative. It's a comprehensive explanation in Hindi, and I'm confident that you'll gain valuable insights from it.

Happy learning!

I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.

Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!

Hope this post is helpful to community
Thanks
RK💕

Disclaimer and Risk Warning.

The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Chaarts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Chaarts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.