S&P500
Elliott Waves in practice.
EW helps to determine which wave you are in. Is a powerful tool.
By learning about the waves, you are able to read market price actions.
With this tool you will understand:
1. How many phases or waves the price may experience.
2. At which phase/wave the price is.
3. What to expect in the next price movements.
This tool explains that the market has only 2 main phases that repeat and it can be seen on every single timeframe and in every single instrument.
First phase > The Motive Phase - moves in the direction of the larger trend; includes 5 waves labelled from 1 to 5.
Second phase > The Corrective Phase - represents pullbacks that happen in the market; 3 waves labelled from A to C.
EW helps to determine which wave you are in. Is a powerful tool.
By learning about the waves, you are able to read market price actions.
With this tool you will understand:
1. How many phases or waves the price may experience.
2. At which phase/wave the price is.
3. What to expect in the next price movements.
This tool explains that the market has only 2 main phases that repeat and it can be seen on every single timeframe and in every single instrument.
First phase > The Motive Phase - moves in the direction of the larger trend; includes 5 waves labelled from 1 to 5.
Second phase > The Corrective Phase - represents pullbacks that happen in the market; 3 waves labelled from A to C.
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