Vantage FX (www.vantagefx.co.uk) explore how to identify Elliott Waves, how they are formed and how to trade them.
Elliott Wave
In this video we explore how Elliott Waves consist of a 5-wave movement in a rally and a 3-wave movement in a decline. Each Wave movement has an impulsive form and a corrective form, which creates the full chart formation. Each wave can then be broken down into smaller sub-waves, with each impulsive wave consisting of 5 stages and each corrective stage having 3 stages.
