Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Contribute
Submit Post

Latest topics

» ACCESS ENGINEERING PLC (AEL.N0000)
by Eng Krishantha Today at 1:44 am

» Don't buy HNB Finance IPO.. Highly Overvalued..
by Teller Yesterday at 11:21 pm

» LAUGFS GAS PLC (LGL.N0000)
by Teller Yesterday at 11:18 pm

» Sri Lanka airport’s US$500mn expansion deal won by Japan’s Taisei
by Teller Yesterday at 11:16 pm

» 20 finance companies in Red list.
by Teller Yesterday at 11:10 pm

» Poultry Sector
by Teller Yesterday at 11:03 pm

» ASPI should come down by 368 points
by Teller Yesterday at 11:00 pm

» TEEJAY LANKA PLC (TJL.N0000)
by Teller Yesterday at 10:53 pm

» FIRST CAPITAL HOLDINGS PLC (CFVF.N0000)
by Eranga87 Yesterday at 10:49 pm

» It's the time to turn UP now...
by Teller Yesterday at 10:32 pm

» 26 Elliott Wave Principle and Combination (Double and Triple Three)
by Teller Yesterday at 10:28 pm

» CSE funeral will be near.
by Teller Yesterday at 10:04 pm

» Quarterly results of companies
by KavinduTM Yesterday at 4:20 pm

» PAN ASIA BANKING CORPORATION PLC (PABC.N0000)
by KavinduTM Yesterday at 4:03 pm

» B P P L HOLDINGS PLC (BPPL.N0000)
by KavinduTM Yesterday at 2:46 pm

» Short Term Targets
by ThilinaM Yesterday at 2:14 pm

» EAST WEST PROPERTIES PLC (EAST.N0000)
by Invest2018 Yesterday at 11:02 am

» ගොන් බූරු සජී පුතානෝ
by KavinduTM Sat Feb 22, 2020 10:18 pm

» MELSTACORP PLC (MELS.N0000)
by Ekanayake90 Sat Feb 22, 2020 7:20 pm

» SL’s war effort didn’t result in Hollywood movies: SL envoy
by GOSL Sat Feb 22, 2020 3:35 pm

» COLO and DOCK Moving to 100
by KavinduTM Sat Feb 22, 2020 1:31 pm

» DOCK DEAL AT 65 TOMORROW, DOCK MAY BE VERY HOT..
by Sanju121 Sat Feb 22, 2020 10:51 am

» TOKYO CEMENT COMPANY (LANKA) PLC (TKYO.X0000)
by Ekanayake90 Fri Feb 21, 2020 11:06 pm

POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC

Advertise

Sri Lanka Equity Forum » Market Place » Business Classifieds

Elliott Wave Principle and Detailed Analytics

Published the Wed Feb 05, 2020 8:50 pm

    Description :

    Elliott Wave Principle and Detailed Analytics
    Motive Waves
    Motive waves subdivide into five waves and always move in the same direction as the trend of one larger degree. They are straightforward and relatively easy to recognize and interpret.
    gold signals
    https://www.gold-pattern.com/en/gold-signals.html
    Within motive waves, wave 2 always retraces less than 100% of wave 1, and wave 4 always retraces less than 100% of wave 3. Wave 3, moreover, always travels beyond the end of wave 1. The goal of a motive wave is to make progress, and these rules of formation assure that it will.
    Elliott further discovered that in price terms, wave 3 is often the longest and never the shortest among the three actionary waves (1, 3 and 5) of a motive wave. As long as wave 3 undergoes a greater percentage movement than either wave 1 or 5, this rule is satisfied. It almost always holds on an arithmetic basis as well. There are two types of motive waves: impulse and diagonal.
    Impulse
    توصيات الذهب
    The most common motive wave is an impulse, per Figure 1-1. In an impulse, wave 4 does not enter the price territory of (i.e., "overlap") wave 1. This rule holds for all non-leveraged "cash" markets. Futures markets, with their extreme leverage, can induce short term price extremes that would not occur in cash markets. Even so, overlapping is usually confined to daily and intraday price fluctuations and even then is rare. In addition, the actionarysubwaves (1, 3 and 5) of an impulse are themselves motive, and subwave 3 is always an impulse. Figures 1-2, 1-3 and 1-4 all depict impulses in the 1, 3, 5, A and C wave positions.
    As detailed in the preceding three paragraphs, there are only a few simple rules for interpreting impulses properly. A rule is so called because it governs all waves to which it applies. Typical, yet not inevitable, characteristics of waves are called guidelines. Guidelines of impulse formation, including extension, truncation, alternation, equality, channeling, personality and ratio relationships are discussed below and throughout Chapters 2 and 4. A rule should never be disregarded. In many years of practice with countless patterns, the authors have found but one or two instances above Subminuette degree when all other rules and guidelines combined to suggest that a rule was broken. Analysts who routinely break any of the rules detailed in this section are practicing some form of analysis other than that guided by the Wave Principle. These rules have great practical utility in correct counting, which we will explore further in discussing extensions.
    https://www.gold-pattern.com/en
    Extension
    gold signals
    Most impulses contain what Elliott called an extension. An extension is an elongated impulse with exaggerated subdivisions. The vast majority of impulses contain an extension in one and only one of their three actionarysubwaves. The rest either contain no extension or an extension in both subwaves three and five. At times, the subdivisions of an extended wave are nearly the same amplitude and duration as the other four waves of the larger impulse, giving a total count of nine waves of similar size rather than the normal count of "five" for the sequence. In a nine-wave sequence, it is occasionally difficult to say which wave extended. However, it is usually irrelevant anyway, since under the Elliott system, a count of nine and a count of five have the same technical significance. The diagrams in Figure 1-5, illustrating extensions, will clarify this point.
    توصيات الذهب
    The fact that an extension typically occurs in only one actionarysubwave provides a useful guide to the expected lengths of upcoming waves. For instance, if the first and third waves are of about equal length, the fifth wave will likely be a protracted surge. Conversely, if wave three extends, the fifth should be simply constructed and resemble wave one.
    https://www.gold-pattern.com/en/gold-signals.html
    In the stock market, the most commonly extended wave is wave 3. This fact is of particular importance to real-time wave interpretation when considered in conjunction with two of the rules of impulse waves: Wave 3 is never the shortest actionary wave, and wave 4 may not overlap wave 1. To clarify, let us assume two situations involving an improper middle wave, as illustrated in Figures 1-6 and 1-7.
    gold signals
    In Figure 1-6, wave 4 overlaps the top of wave 1. In Figure 1-7, wave 3 is shorter than wave 1 and shorter than wave 5. According to the rules, neither is an acceptable labeling. Once the apparent wave 3 is proved unacceptable, it must be relabeled in some way that is acceptable. In fact, it is almost always to be labeled as shown in Figure 1-8, implying an extended wave (3) in the making. Do not hesitate to get into the habit of labeling the early stages of a third wave extension. The exercise will prove highly rewarding, as you will understand from the discussion under Wave Personality (see Chapter 2). Figure 1-8 is perhaps the single most useful guide to real time impulse wave counting in this book.
    توصيات العملات

    Extensions may also occur within extensions. In the stock market, the third wave of an extended third wave is typically an extension as well, producing a profile such as shown in Figure 1-9. A real-life example is shown in Figure 5-5. Figure 1-10 illustrates a fifth wave extension of a fifth wave extension. Extended fifths are quite common in major bull markets in commodities (see Chapter 6).
    Truncation
    Elliott used the word "failure" to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, "truncation," or "truncated fifth." A truncation can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in Figures 1-11 and 1-12. A truncation often occurs following a particularly strong third wave.
    gold signals
    The U.S. stock market provides two examples of majordegree truncated fifths since 1932. The first occurred in October 1962 at the time of the Cuban crisis (see Figure 1-13). It followed the crash that occurred as wave 3. The second occurred at yearend in 1976 (see Figure 1-14). It followed the soaring and broad wave (3) that took place from October 1975 to March 1976.
    Find free gold signals on
    https://www.gold-pattern.com/en

    Vendor details