Learning Fundamentals: Depth of Corrective Waves
No market approach other than the Wave Principle gives a satisfactory answer to the question, "How far down can a bear market be expected to go?" The primary guideline is that corrections, especially when they themselves are fourth waves, tend to register their maximum retracement within the span of travel of the previous fourth wave of one lesser degree, most commonly near the level of its terminus.
Key Takeaway: With Elliott, you can set confident price targets for corrections.
For a complete description, please read Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A.J. Frost.
Video Topic: Depth of Corrective Waves
The Importance of Market Perspective; Soybean Oil from Top to Bottom
2/8/2023 12:03:00 PM
Market: Soybean Oil, ZLH
Runtime: 17:50
Topics:
Triangles,Impulse,Complex Corrections,Depth,Wave Counting,Managing Risk
A Wave Counting Exercise and Current Analysis of PANW
2/3/2023 11:50:00 AM
Market:PANW
Runtime: 16:30
Topics:
Zigzags,Combination,Flats,Impulse,Diagonal,Complex Corrections,Depth
A Bearish Trade Setup in Gold?
9/4/2013 11:28:00 AM
Market: GC
Runtime: 08:01
Topics:
Confirming Price Action,Making a Case,Depth,Fibonacci (Retracements and Extensions),Equality,Corrective Waves,Elliott Wave Lesson,Commodity
Bearish Lessons Applied to Gold
7/5/2013 10:46:00 AM
Market:US30 and Gold
Runtime: 05:11
Topics:
Depth,Fibonacci (Retracements and Extensions),Equality,Elliott Wave Lesson,Technical Analysis Lesson,Bond,Commodity,Trendlines,Kennedy Channeling Technique
Why Bonds Will Reverse
7/2/2013 11:19:00 AM
Market:US30 and OXY
Runtime: 08:28
Topics:
Depth,Fibonacci (Retracements and Extensions),Equality,Technical Analysis Lesson,Bond,Stock,Kennedy Channeling Technique,Trendlines,Price Gaps
Selling in Gold Sparked by a Guideline and Retracement
4/2/2013 11:30:00 AM
Market: LVS and GCA
Runtime: 04:25
Topics:
Depth,Fibonacci (Retracements and Extensions),Elliott Wave Lesson,Commodity,Stock