FAQ-6-1

How you can use Elliott Wave theory as a trading tool if it fails to explain and predict every single move?  It’s a huge misconception that Elliott Wave theory has to explain EVERY move! For some reason practitioners of the classic Elliott Wave first set that expectation which later became Read more…

FAQ-10-3

When you draw the Green and Red Target boxes, do you draw them on the time frame you think they will be achieved? Unfortunately, the Elliott Wave theory does not provide us with any tool to predict timing of termination of price moves. I studied a number of other methods Read more…

FAQ-10-2

How You Find Location for the Green Target Boxes and Red Target Boxes? As I explained, I draw Green Target Boxes and Red Target Boxes on my charts to show where the current or expected price move may terminate. The Green Target Boxes are high probability reversal zones for moves Read more…

FAQ-0

Who are you and what do you offer? I am an independent trader. I trade for a living the main US Indices, stocks and options. On this web site I share my technical analysis of price charts of the main US Stock Indices as well as Crude Oil and Natural Read more…

FAQ-10

What is the meaning of the Green Target Boxes and Red Target Boxes on your charts? The Green Target Boxes are high probability reversal zones for corrective moves down. When you see a green target box that means the current count of waves (output of the Wave Analysis) considers that: Read more…

FAQ-9

What are the best time frames to apply wave analysis? Wave Analysis works on every single time frame! You can count waves on monthly, weekly, daily, hourly charts. But you can also apply Harmonic Elliott Wave counts to 1 minute chart or even to data-based charts. Tick volume and range bar Read more…

FAQ-8

Do you use any indicators to confirm your wave analysis or help you in trading? It is remarkable that once I got proficient in the Harmonic Elliott Wave theory I naturally stopped using any indicators! Let me offer you why indicators will always be less efficient than wave analysis.  If Read more…

FAQ-7

I have been practicing the classic Elliott Wave theory and want to switch to the modified “Harmonic” version. How much time it could take me unlearn the traditional theory and pick up the new one ? First of all we are talking about two versions of the same Elliott Wave Read more…

FAQ-6

What makes the Harmonic Elliott Wave theory a great trading tool? What makes Elliott Wave theory a powerful prediction tool is (1) repeating and recognizable patterns and (2) repeating ratios between different waves. First you recognize a trending ( so called impulsive ) or corrective pattern and then you simply Read more…

FAQ-5

Why the Harmonic version of the Elliott Wave theory is much less known than the classic version proposed by R.N. Elliott? The classic version of the Wave Principle was popularized by Robert Prechter who published a number of books refining findings of R.N.Elliott. This is because of his work the Read more…

FAQ-4

The traditional Elliott Wave theory seems to have an overabundance of rules and guidelines and that appears to open the door subjectivity. Is the Harmonic Elliott Wave more straightforward? Frankly, I think the real problem of the classic Elliott Wave theory that it does not have enough strict rules and Read more…

FAQ-3

How the Harmonic Elliot Wave theory can help in trading? The Harmonic Elliott Wave theory proposed that every trending move in price follows the “Five Waves” pattern (please see the chart below).  Waves 1, 3 and 5 (in blue color)  move price in direction of the trend. And waves 2 and Read more…

FAQ-2

What are the main ideas behind the Elliott Wave theory? Were there any scientific researches that proved robustness of the Wave principle? Both, the classic and the modified versions of the Elliott Wave theory are based on the fundamental discovery made by R.N.Elliott in 1930’s. After reviewing numerous self-made price charts Read more…

FAQ-1

What method of technical analysis do you use to predict market moves? The only method I use is the Harmonic Elliott Wave Theory which is a modification of the classic Elliott Wave theory proposed by R.N.Elliott in 1930s. That modified version of the Wave theory was proposed by Ian Copsey, Read more…

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