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Advanced Level Elliott Wave Analysis Guide

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We have ended the section that covers the Advanced Level of the Elliott Wave Analysis based on the work developed by Glenn Neely, “Mastering Elliott Wave.” These concepts are described and includes the following aspects:

  • Complex Corrective Waves. This section, subdivided into two parts, describes the two basic groups of complex corrections.
    • Part 1. Explains the fundamental concept of a complex corrective structure, which splits into standard and non-standard complex correction.
    • Part 2. Describes the concept of wave x and expands its conditions with its combinations.
  • Complexity in Wave Analysis. This article discusses how complexity increases as impulsive or corrective movements end. 
  • Alternation and Extensions. The first part of this section reviews the alternation principle and its different configurations. The second part covers the extensions and their conditions.
  • Counting. This educational article subdivided into three parts expose how to count waves.
    • Part 1. The first summarizes the aspects covered, then it shows the importance of wave identification and ends expanding the concept of the degree in wave analysis.
    • Part 2. The second part covers the use of retracements to define the possible type of sequence in progress. It also describes the different sequences of the patterns defined by R.N. Elliott as the first and the recount.
    • Part 3. In this part, we apply the counting process in the NZDUSD and EURGBP crosses.
  • Additional Rules. In this supplementary article, we cover a set of rules defined by Glenn Neely, as points of tangency in guidelines and the rule of time.
  • Additional Observations. This article develops the observations described by Neely, concerning the potential next movement considering the type of Elliott wave pattern in progress.
  • Advanced Applications in Wave Analysis. In this four-part series, we expand the observations described by Neely about each wave’s characteristics according to the type of Elliott wave formation in the course.
    • Part 1. The first part covers the motive waves subdivided into trending and terminal impulsive waves.
    • Part 2. This part exposes the variations of the flat and zigzag patterns.
    • Part 3. In this part, we present the characteristics of the contracting triangle pattern, particularly in its restrictive subgroup.
    • Part 4. This educational article that ends our cycle dedicated to the Elliott wave analysis covers the characteristics of the non-restrictive contracting triangles and presents the expanding restrictive and non-restrictive triangle pattern.

 

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