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Elliot Wave Theory

Elliot Wave Theory

Course Overview

Discover how to unlock the hidden rhythm of financial markets with Elliott Wave Theory, a powerful tool in technical analysis. In this course, you’ll learn the core principles behind wave patterns and how investor behavior shapes market trends. By recognizing these repeating structures, you’ll gain a practical framework for forecasting price movements and making more confident trading decisions.

Instructors

Howard Friend

Financial Market Professional

Howard Friend is a financial market professional with over three decades experience as a trader, market strategist, strategy developer and trading educator. A sought after speaker on trading related topics, Howard has presented at conferences and trading expos across the globe and has appeared on financial TV networks to discuss his technical outlook for the markets. Howard is a Member of the CMT Association and has held the CMT designation since 2004.

What You Will Learn

Understand the foundational principles behind Elliott Wave Theory and its structure.
Learn how crowd behavior drives market patterns and shapes wave formations for traders in [COUNTRY]
Identify and analyze the five-wave structure that moves in the direction of the trend.
Recognize the three-wave patterns that temporarily move against the prevailing trend.
Application of Elliott Wave Theory to real charts for forecasting and trade planning in [COUNTRY]

Introduction to the course

This course introduces you to Elliott Wave Theory and its core principles, showing how market movements follow a repetitive 5-3 wave pattern similar to natural growth and decline cycles. You’ll learn how motive waves form in the direction of the trend and how corrective waves move against it, each offering clues about future price action. The course also explores the fractal nature of waves and the key rules that guide their structure. Finally, you’ll discover where these waves often terminate and how to use additional technical tools to refine your market entry and exit points.

Module 1: The Basics of Elliott Wave Theory

The first module introduces you to Elliott Wave Theory and its key principles. You will find out how the repetitive 5-3 sequence reflects nature's growth and decay cycle. Additionally, you will learn the cardinal rules of the Theory and how waves have fractal qualities.

Module 2: Impulse Waves

In this module, you will learn how movements in the direction of the trend unfold in so-called 'motive' waves, which break down into smaller 5-wave components. Observe how each sub-wave has its characteristic, which offers valuable clues as to where the market may be headed.

Module 3: Corrective Waves

In this module, you will learn how movements against the trend unfold in so-called 'corrective' waves, which usually break down into 3-wave patterns but can also break down into more complex structures. Observe how each sub-wave has its characteristic, which offers valuable clues as to where the market may be headed.

Module 4: Practical Application & Case Studies

In this module, you will learn where both impulse and corrective waves very often terminate, and what other indicators or technical tools can be used to help fine-tune market entry and exit.

Level

Beginner

Amount

5 Modules

17 Lessons

Duration

73 min

Language

English

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