TUTORIALS |
Explore the geometric beauty and harmony embedded within the price development of Elliott Wave with WaveTrack's tutorials and treatise on Fibonacci-Price-Ratios that govern each of its 13 patterns. Leave behind the inherent ‘subjectivity’ of human pre-conception that can result in erroneous wave counting and instead empower your skills with the knowledge of price-amplitude measurements that define each Elliott Wave pattern. Latest TutorialsTHE WAVE PRINCIPLEThe Wave Principle is Ralph Nelson Elliott's discovery that a specific and methodical repetition exists in the markets continuing gyrations. His studies of this phenomenon led to the distilling of a comprehensive and exact method of pattern recognition from which the seemingly chaotic activity of the markets could be viewed in an orderly manner. Once identified, each pattern was named, defined and illustrated with descriptions of how each are intimately linked together to form the basis of self-similar structures of larger variation. The characteristics of this principle are not only found in the markets, but exist throughout every material system - from the expanse of universal galaxies to the tiniest molecule. HOW TO INTERPRET EACH ELLIOTT WAVE CHART FORECASTHere are some common sense guidelines on how to use the EW-Forecast tool/software and interpreting the price forecasts illustrated in the charts. Elliott wave is all about interpreting the price data into sets of patterns. Joining these together in a seamless sequence that adheres to the governing rules and guidelines enables us to build a picture of future price direction, pattern & amplitude. AN ELLIOTT WAVE GUIDELINE THAT WITHSTANDS THE TEST OF TIMEThe weekend edition of the Financial Times (May 28-29th 2011) reports 'Silver rebounds to outpace gold…' with the article citing "Silver made a partial recovery from its brutal collapse in May…but puzzling analysts". Yet, an Elliott Wave guideline that can be found repeating timelessly day-to-day can readily guide us through the labyrinth of ‘guesswork’ that encompasses the marketplace. EXPANDING DIAGONAL PATTERNSExpanding Diagonal Patterns - Do they really exist? In R.N.Elliott's original treatise of The Wave Principle (1938), he introduces us to diagonal patterns for the first time on page 21. Under the heading, "Triangles", Elliott describes the difference between horizontal triangles that represent "hesitation" within an ongoing, progressive trend and diagonal triangles that form the concluding 5th wave of a larger five wave sequence. IDENTIFICATION OF A RARE DOUBLE-THREE (D3) PATTERNThe 'double-three' and 'triple-three' patterns were not an integral inclusion to R.N.Elliott's original publication of 'The Wave Principle' (1938) but did feature in the later monograph of 'Nature's Law' (1946) although its discovery and classification were still in their formative stages of refinement. NATURES LAW - RATIO, PROPORTION AND HARMONYOne of the Universal Laws that we apply to the Elliott Wave Principle is that of the Law of Vibration, or 'Motion'. This study is an acknowledgement of this profound Truth as it reveals the hidden nature of another as it manifests across the geometric plane - the existance fo Nature's rhythm or frequency as revealed in the Law of Polarity. US 10YR T-NOTES - BEAUTY & HARMONY OF PATTERN & RATIOWhen R.N.Elliott (1871-1948) wrote his second and most comprehensive treatise, 'Nature's Law' in June 1946 he placed much emphasis on his discoveries of mathematical ratio and proportion and its interwoven connection between stock index price activity and the growth pattern of many natural phenomena. His 'mantra' of the time was "No truth meets more general acceptance than the universe is ruled by law…" – in more contemporary times, 'general acceptance' of this is no longer the case. Perhaps this has to do with the fact that we live in an internet age where we are so bombarded with the news flow that it removes our awareness of the magical properties of ratio & proportion that are still ever present and visible in the markets of today. |