Key Elements in Elliott Wave Theory

Once we know the precedence of the Elliott wave constituents, we can move past ambiguous price patterns. And this article will take everyone to know the important elements in wave theory.

Wave Patterns - Pettern Elliott wave patterns are the most important because they are constant, have rules, and counting guidelines allow us to clearly identify the pattern.

Wave Proportion - Of secondary importance to wave patterns, it is to find the retracement and amplification ratio of price. There is still some discrepancy, but not much.

Wave cycle - is to find the time proportion. least important Used to confirm the degree wave pattern, most Elliott wave analysts rarely use the cycle wave because it tends to be easily fluctuated.

in choosing to interpret a particular format Wave Theory Analyst It is important to know which elements come first when the pattern does not follow the rules and the right way from the price fluctuations to the point of confusion. Choosing to use one format that follows more rules and guidelines than another. It will reduce bias and mistakes. can be analyzed

Kittiampon Somboonsod, CEWA