Source: snowball app, by seaport eagle, ()
Basic elements
One full cycle consists of eight waves, five to three。
Two waves can be combined into higher waves and can be divided into lower waves。
3. Waves that follow the mainstream can be divided into five small waves at the lower level。
Of the three waves, 41, 3 and 5, the third wave cannot be the shortest。
If one of the three push waves becomes an extended wave, the remaining two waves will have a consistent operating time and range。
6. The adjustment wave usually operates in three waves。
Theoretically, it's an odd combination of seven gold partition ratesWave theoryData base。
The response rate is 0. 382, 0. 5 and 0. 618。
The bottom of the fourth wave cannot be lower than the top of the first wave。
10 the elliott band theory consists of three parts: pattern, ratio and time, the importance of which is prioritized。
The elliotian band theory mainly reflects popular psychology. The more people participate in the market, the more accurate it is。
Basic characteristics
(1) the rise and fall in the equity index will alternate
(2) the driving and adjustment waves are the two most basic patterns of price volatility, while the driving waves (i. E., waves that are consistent with large markets) can be divided into five smaller waves, generally expressed in wave 1, wave 2, wave 3, wave 4, wave 5, and can also be divided into three smaller waves, usually a, b, and c。
(3) after the completion of the above-mentioned eight waves (five to three) one cycle will be completed and the movement will enter the next eight wave cycle
(4) the length of time will not change the wave pattern, as the market will continue to evolve according to its basic pattern. Waves can be lengthened or condensed, but their basic pattern remains constant。
Anyway, wave theory can be summed up in one sentence:Eight waves"
Key elements
Investors should understand that elliot's wave theory has three main components:
First, the wave form;
Second, for the ratio between wave and wave;
Third, as wave time。
And between these three, wave patterns are most important. The shape of the wave is the basis of elliott's theory, so the correctness of the wave is crucial for managing the timing of investment in the successful application of the wave theory. Wave theory does not exist independently, and he has some magical correlations with the dow theory, technical analysis, economic fundamentals analysis, and journalistic values. A lot of investors say, "the dow theory tells people what the ocean is, and the wave theory tells you how to surf the ocean。
Three principles of waves
Amend the wave depth principle
The corrective wave retreat is measured, usually near a small level 4 wave low. In power situations, where innovation is high or low, a small level of four waves at this time would be a good anchor for following up on losses。
Principle of separation of gold
In other words, the rate of volatility shows a gold split. For example: 1. 618, 2. 618... For three waves; 0. 382, 0. 5, 0. 618 for two waves; 0. 382, 0. 5 for four waves; 0. 618 for five waves. This principle is also reflected in time。
One, the gold ratio can be a good entry and a good entry, and if you can be integrated into the market, these mysterious gold figures will become your life mate。
In turn, 2, 1. 618 can determine whether the current three waves are the real three, and if one wave is impossible to reach, it is probably not three. If you can judge that the market is going to be extended, then the market will normally be in the front wave 2,618 times, giving a very good reference target。
3. In the early stages of the trend, the withdrawal range was more than 0. 618, and in the medium term, when it was carried out in platform form, it was 0. 5; in the medium term, when the trend became apparent, the probability of a market retreat of 0. 618 began to decline, and the expectation was that it would be more favourable to 0. 5
Reciprocal principle
It is simple and complex, rising and falling, driving and adjusting, rules and irregularities. The modification wave is a symmetrical phenomenon, where two waves are sawned, four waves may be platform-shaped or triangle-like, and vice versa. It also occurs in time, with a sharp reversal of two waves, and four waves may be complicated over time, and vice versa. If wave 2 is “multiple”, wave 4 may be “unimodal”。
Small adjustments match small pushes, medium drive is for medium drive, large surges are for a large wave of pushes, a small scale adjustment is for a small push, and a large scale adjustment is for a large push。
2. If there is a simple adjustment for two waves, more than four waves are adjusted in a complex manner, and if the time for two waves is short, it is generally possible to judge that the time for four waves is not very short and can be used to predict the coming of the wave, if known, thereby increasing the operational success. If two waves go out of a very regular pattern, four waves can go out of a very irregular pattern。
