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

Submit Post

Latest topics

» WHERE SRI LANKA ECONOMY HEADING?
by Quibit Yesterday at 4:47 pm

» Sri Lanka Equity Youtube Channel
by Quibit Yesterday at 12:33 pm

» Market Manipulators Exposed!!
by DOCSAGENCY Yesterday at 12:33 pm

» Teller Live on Youtube
by Sajeewa Niranjan Yesterday at 11:54 am

» Sri Lanka Interest Rates
by Teller Yesterday at 9:40 am

» How Govt. can reduce existing sovereign debt and debt-to-GDP ratio
by Quibit Yesterday at 9:38 am

» කොරෝනා නිසා බාල්දු වන රුපියල
by Teller Yesterday at 9:21 am

» CORONA VIRUS: Latest Updates
by Teller Mon Apr 06, 2020 4:56 pm

» Economic Recovery Post Covid19 - Ajith Nivard Cabraal
by Quibit Mon Apr 06, 2020 1:22 pm

» Short Selling
by DOCSAGENCY Mon Apr 06, 2020 11:37 am

» Australian High Commissioner mislead Sri Lankan foreign students
by Avinash Mon Apr 06, 2020 11:04 am

» EPF refund proposal by Cabraal
by NANDANA2012 Sun Apr 05, 2020 9:51 pm

» SEC to grant moratorium for stock market investors
by Quibit Sat Apr 04, 2020 8:12 pm

» Brandix අපි..ready to say good bye..???
by ColomboCSE Sat Apr 04, 2020 6:23 pm

» The Real Reason the Stock Market Is Crashing
by DOCSAGENCY Sat Apr 04, 2020 11:48 am

» How to invest during CoronaVirus Economic Downturn in Sri Lanka
by nuwanmja Fri Apr 03, 2020 10:04 pm

» Opportunity to park Foreign Currency in Sri Lanka
by Yahapalanaya Fri Apr 03, 2020 5:35 pm

» Investment Advice
by chamith Fri Apr 03, 2020 2:13 pm

» Sri Lanka Sovereign Bond Market
by Quibit Thu Apr 02, 2020 9:16 pm

» Sri Lanka Imports
by Junior investor Thu Apr 02, 2020 7:36 pm

» Intraday Trading
by Teller Thu Apr 02, 2020 12:52 pm

» What will happen tomorrow?
by Yahapalanaya Thu Apr 02, 2020 7:02 am

» HAYLEYS FIBRE PLC (HEXP.N0000)
by Yahapalanaya Thu Apr 02, 2020 2:35 am

» LANKA IOC PLC (LIOC.N0000)
by AsithaDe Thu Apr 02, 2020 1:01 am

» Why are Sri Lankans continuously loose money in the stock market
by anges Wed Apr 01, 2020 9:59 pm

» SEC to take measures to support the stock market
by Quibit Wed Apr 01, 2020 4:53 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 » Automotive Classifieds

Elliott Wave Principle and Volume

Published the Tue Mar 10, 2020 5:14 pm
  • icon Price Price : 1 LKR

Description :

Elliott Wave Principle and Volume

Elliott used volume as a tool for verifying wave counts and in projecting extensions. He recognized that in a bull market, volume has a natural tendency to expand and contract with the speed of price change. Late in a corrective phase, a decline in volume often indicates a decline in selling pressure. A low point in volume often coincides with a turning point in the market. In a normal fifth wave below Primary degree, volume tends to be less than in the third wave. If volume in an advancing fifth wave of less than Primary degree is equal to or greater than that in the third wave, an extension of the fifth is in force. While this outcome is often to be expected anyway if the first and third waves are about equal in length, it is an excellent warning of those rare times when both a third and a fifth wave are extended
gold signals
At Primary degree and greater, volume tends to be higher in an advancing fifth wave merely because of the natural long term growth in the number of participants in bull markets. Elliott noted, in fact, that volume at the terminal point of a bull market above Primary degree tends to run at an all-time high. Finally, as discussed earlier, volume often spikes briefly at the throw-over point of a parallel trend channel line or the resistance line of a diagonal. (Upon occasion, such a point can occur simultaneously, as when a diagonal fifth wave terminates right at the upper parallel of the channel containing the price action of one larger degree.)

توصيات الفوركس
In addition to these few valuable observations, we have expanded upon the importance of volume in various sections of this book. To the extent that volume guides wave counting or expectations, it is most significant. Elliott once said that volume independently follows the patterns of the Wave Principle, a claim for which the authors find no convincing evidence.

Figure 2-13
The "Right Look"
gold signals
The overall appearance of a wave must conform to the appropriate illustration. Although any five-wave sequence can be forced into a three-wave count by labeling the first three subdivisions as a single wave A, as shown in Figure 2-13, it is incorrect to do so. Elliott analysis would lose its anchor if such contortions were allowed. If wave four terminates well above the top of wave one, a five-wave sequence must be classified as an impulse. Since wave A in this hypothetical case is composed of three waves, wave B would be expected to drop to about the start of wave A, as in a flat correction, which it clearly does not. While the internal count of a wave is a guide to its classification, the right overall shape is, in turn, often a guide to its correct internal count.
توصيات الذهب

The "right look" of a wave is dictated by all the considerations we have outlined so far in the first two chapters. In our experience, we have found it extremely dangerous to allow our emotional involvement with the market to let us accept a wave count that reflects disproportionate wave relationships or a misshapen pattern merely on the basis that the Wave Principle’s patterns are somewhat elastic.
توصيات الذهب

Elliott cautioned that "the right look" may not be evident at all degrees of trend simultaneously. The solution is to focus on the degrees that are clearest. If the hourly chart is confusing, step back and look at the daily or weekly chart. Conversely, if 77 the weekly chart offers too many possibilities, concentrate on the shorter term movements until the bigger picture clarifies. Generally speaking, you need short term charts to analyze subdivisions in fast moving markets and long term charts for slowly moving markets.
توصيات العملات
https://www.gold-pattern.com/


Vendor details