- Elliott Wave By Lara
- Elliott Wave Analysis By Lara
- Elliott Wave By Lara Youtube
- Elliott Wave Gold By Lara
ELLIOTT WAVE + TECHNICAL ANALYSIS LINKS
ELLIOTT WAVE + TECHNICAL ANALYSIS ARTICLES
Elliott Wave By Lara
If there is a wave 5 extension, then wave 5 is commonly 161% of wave 3, or 161% of the sum of waves 1 and 3. Looking at trend channels, there are two possible methods you can apply: Method 1. Figure 7.30: Price target for wave 5, method 1. At the end of wave 4 in figure 7.30, draw a trend line through the end of wave 2 and wave 4. Elliott Wave International is the world's largest independent financial forecasting firm. We have guided our subscribers through major market and economic moves for over 40 years. Peter Goodburn will be presenting his latest Elliott Wave analysis at the 123rd Trade Fair Convention of the Battery Council in Miami, 1-4 May 2011. Peter's presentation is entitled 'The Historical Price Trend of Lead and Applying the Elliott Wave Principle to plot its course into the Future'. Lara's Weekly: Elliott Wave and Technical Analysis of S&P500 and Gold and US Oil Video – December 4, 2020 by Lara Gold, Lara's Weekly, US Oil Video of Lara's Weekly, an end of week Elliott Wave and Technical Analysis of the S&P 500 and GOLD and USOIL, for week. Hourly Chart After Brexit Stock Market Crash (C-wave of Wave 2) The above is the hourly chart. Zooming into that last ending diagonal is the below chart: Notice the 1981ES level gets tested 3 times — once at wave iii, then wave v — then again at the bottom of the b-wave — which happened after the market close.
Below are a series of articles on technical analysis written by Lara:
ELLIOTT WAVE INTRODUCTION VIDEOS
Below you will find Lara's short educational videos explaining the Elliott wave principle.
Part 1: Basic Elliott Wave pattern and Fractals
ELLIOTT WAVE LEARNING RESOURCES
1. If you are completely new to Elliott wave you may want to start by viewing the excellent movie 'History`s Hidden Engine'. This movie explains the fundamental `why` of the Elliott Wave Principle.
2. If you want to use the wave principle and do your own wave counts, you will need a copy of the 'Elliott Wave Principle' by Frost and Prechter. Ensure you get the Tenth Edition published 2005, or later. You can pick up a copy from Amazon or via the Elliott Wave International website.
3. There has been research on Twitter as a real time illustration of social mood preceding movements in the Dow by about 3 days. This research supports the underlying principle of Elliott wave.
When Ralph Elliott came up with his self-titled Elliott Wave Theory, he found there were nine different degrees in the waves. These waves could span from centuries down to even minutes. He labelled these waves:
Elliott Wave Analysis By Lara
• Grand Supercycle – multi -centuries long • Supercycle – multiple decades in length (often from 40 – 70 years)
• Cycle – from one to several years long
• Primary – from several months to several years
• Intermediate – from a few weeks to several months
• Minor – weeks in length
• Minute – days long
• Minuette – several hours
• Subminuette – minutes long
Part 1: Basic Elliott Wave pattern and Fractals
ELLIOTT WAVE LEARNING RESOURCES
1. If you are completely new to Elliott wave you may want to start by viewing the excellent movie 'History`s Hidden Engine'. This movie explains the fundamental `why` of the Elliott Wave Principle.
2. If you want to use the wave principle and do your own wave counts, you will need a copy of the 'Elliott Wave Principle' by Frost and Prechter. Ensure you get the Tenth Edition published 2005, or later. You can pick up a copy from Amazon or via the Elliott Wave International website.
3. There has been research on Twitter as a real time illustration of social mood preceding movements in the Dow by about 3 days. This research supports the underlying principle of Elliott wave.
When Ralph Elliott came up with his self-titled Elliott Wave Theory, he found there were nine different degrees in the waves. These waves could span from centuries down to even minutes. He labelled these waves:
Elliott Wave Analysis By Lara
• Grand Supercycle – multi -centuries long • Supercycle – multiple decades in length (often from 40 – 70 years)
• Cycle – from one to several years long
• Primary – from several months to several years
• Intermediate – from a few weeks to several months
• Minor – weeks in length
• Minute – days long
• Minuette – several hours
• Subminuette – minutes long
The one wave that attempts to explain large timeframes of human economic and stock market history is the Grand Supercycle. Though it covers a great amount of ground, it is not without controversy.
The Multiple Centuries of the Grand Supercycle
The biggest of the waves in Ralph Elliott's universe is this Grand Supercycle. This wave cycle covers hundreds of years in time. To give you an idea of this, one of the grand supercycles began in the Middle Ages. The ones that are most pertinent for U.S. investors concern the grand supercycle that Elliott claimed began with U.S. stock markets back in 1857 and ran on up to 1928 before the Great Depression began. At the time, Elliott admitted that he lacked long enough sets of data to be sure this time period was a complete Grand Supercycle. He suggested that it might instead be a third or fifth wave in the entire Grand Supercycle itself. This idea was later clarified and reformulated by Elliott's disciple Robert Prechter who had access to longer sets of historical financial data. Prechter and Frost in their book The Elliott Wave Principle concluded that the American Grand Supercycle began in 1789. This is the point when data on the U.S. stock markets originated.
Controversies Surrounding the Grand SuperCycle Wave
Just as there are common objections to Elliott Wave ideas, this grand supercycle theory has more than its share of controversy. Robert Prechter and others have surmised that this American Grand SuperCycle will end its Wave 5 sometime in this 21st century. The controversies begin with what will happen afterward. Prechter and the proponents of this theory believe that when this wave completes, there will be a massive declining correcting price pattern. They state that this price pattern will prove to be the greatest economic depression the world has seen from the 1700s on to today. Naturally this is not a popular outlook or prognosis among present day economists.
• A second controversy has to do with the the amount of time that is involved with a grand supercycle. Ralph Elliott's theories are based on the idea that human behavior and response is predictable. When the time being considered is greater than a single human lifetime, it becomes more difficult to hold with the idea that the same predictable reactions from one generation to the next will continue. Some critics of the grand supercycle go so far as to say that it simply can not exist since it encompasses a number of human lives. One of these groups are the believers in Saeculum Theory. They insist that certain generations must learn again the lessons of their ancestors. This objection which has been borne out by history would present problems for the grand supercycle waves.
• Another controversy that argues against a coming bear market brought on by the end of a grand supercycle has to do with society's ability to learn from the past. In order for this bear market to repeat itself, humanity must be incapable of learning the lessons of its prior mistakes. Some authors such as David Fischer who wrote The Great Wavehave convincingly argued that humanity's crises are gradually decreasing in volatility. This makes the case that as a whole mankind is learning from the past on at least some level.
Elliott Wave By Lara Youtube
• Other arguments against the grand supercycle notion suggest that the price data for stock transactions going back to the early years of the U.S. is sketchy at best. In order for Ralph Elliott to make the case that such a grand supercycle began then, he had to string together the prices of gold, British stock market historical levels, and then American stock market historical levels. Some have called this scientific methodology into question.
• Finally, there is the argument about the lack of economic and scientific understanding. There may be social cycles that exist over centuries of time. Critics argue that the ability to understand and explain what might cause them is not well enough developed.
In Conclusion
Many of Elliott Wave's nine cycles have proven themselves to be invaluable in explaining stock market behavior. The grand supercycle is one where the evidence is not clear enough to make a conclusive determination. This does not mean that you should not be prepared for the possibility of the American Grand Supercycle bear market that Robert Prechter has predicted. It is always a good idea to have a plan for a severe economic downturn.
Elliott Wave Gold By Lara
- Using Counting Fractals to Find Elliott Waves- May 19, 2016
- The Grand Supercycle Controversy- May 19, 2016
- Robert Prechter's Enduring Impact on Elliott Wave Theory- May 12, 2016
- Elliott Wave Gold Review- April 29, 2016
- Common Objections to Elliott Wave Theory- April 28, 2016
- What Are Elliott Wave Theory's Waves Within Waves About?- March 8, 2016
- Review of the New Classic Among The Elliott Wave Theory Books, 'The Elliott Wave Principle'- February 25, 2016
- Reviews of 2 Classic Elliott Wave Theory Books- February 25, 2016
- The Origins of Elliott Wave Theory and How it Was Discovered- February 13, 2016
- Elliott Wave Stock Market Review- February 5, 2016
