Free Elliott Wave Strategies
How to count waves and the Elliott waves
Irregular First Elliott Wave
The
irregular first Elliott wave is a distinctive first wave that does
not adhere to our Elliott wave count guidelines. It is often confuses
Elliott wave traders who do not go into the minds of other wave
traders.
Knowing
that if one fails to recognize correctly the first wave, one may also
label the subsequent waves incorrectly. Therefore, to avoid Elliott
wave count errors, one must make sure one correctly identifies the
first Elliott wave.
Bullish
Irregular First Wave
The
bullish irregular first Elliott wave often occurs after the IPO
(Initial
Public Offering).
As a company is listed for the first time, the
price often
rises
for a while before declining all the way to the 138.2% Fibonacci
extensions reverse of the initial bullish move. (remember the word
reverse or
upside down).
From that level, the price will begin a new rise that forms the
bullish irregular first Elliott wave.
See
chart (coming
soon)
Sometimes,
from
the day one,
the price will decline for a while until it found a support (without
going up first). After that, the irregular bullish first Elliott wave will
start, and it will rise above the initial offering price level.
See
chart (coming
soon)
Bearish
Irregular First Wave
Similarly
to the bullish one, the irregular bearish first wave begins after an
IPO.
However,
this time, the price starts to decline right away until it reaches a
level where it turns bullish, and rises to the 138.2% Fibonacci
extensions reverse (attention to the word reverse) of the initial
bearish
price-action. The next price-
action
is usually the irregular first bearish Elliott wave.
See
chart (coming
soon)
On
other occasions, right from the get go, (Initial
Public
Offering
price) the financial instrument will rise for a while then reverse to
form the first irregular bearish wave.
See
chart (coming
soon)
Number
One Characteristic Of
Irregular
First Elliott
Wave
The
irregular first Elliott waves are regularly extended. One will easily
spot
their
internal waves (quite often).
The
extensions are normal due to the rise in the bullish momentum
after
the initial bearish trap (case of the irregular bullish 1st wave) or
after the initial bullish trap (case of the irregular bearish first
wave). Most irregular first waves are extended 1st waves. That is the
number one characteristic of the irregular first Elliott
waves.
Investing
Strategies Using
Irregular
First Elliott Wave
An
agile (eagle
eyes)
investors (smart investors) that combine the Elliott wave theory and
fundamentals can buy and hold a fundamentally viable financial
instrument (stocks, currencies or commodities) at the early stage of
the irregular first bullish Elliott wave.
The
investing strategy is to determine whether the asset has a brighter
future
(both
fundamentally and technically)
in a healthy
financial market, and use the irregular first bullish Elliott wave to
time the investment. That
investing strategy which
relies
on the fundamentals and irregular first bullish Elliott wave will
perform better if one is using it in conjunction with the IPO
(Initial Public Offering).
The
first step is to analyse the price structures of newly listed
companies
in
the first two years. And if one spots the start of the irregular
first bullish Elliott wave, one will
perform
a thorough due diligence before timing the investing with the Elliott
wave theory (irregular
first Elliott wave).
Irregular
First Elliott Wave Test
1/
What
is the number characteristic of the irregular first Elliott wave?
2/
Describe in few words how the irregular first bullish Elliott wave
does form?
3/
Describe in few words how the irregular first bearish Elliott wave
does form?
4/
Explain more why the irregular first Elliott waves often extend?
5/
What is an extended Elliott wave?
6/
Which Fibonacci extensions level, one should use when dealing with
the irregular first Elliot wave?
7/
What is an irregular first Elliott wave?
8/
Describe an investing strategy that uses the irregular bullish
first
Elliott wave?
9/
What is an IPO?
10/
What is an Initial Public Offering?
11/
What is a bullish trap for a bullish technical trader?
12/
what is a bearish trap for a bearish technical trader?
13/
Name few characteristics of a normal first Elliott wave according to
our Elliott wave count guidelines.
14/
What is Fibonacci extensions reverse?
15/
Explain why the 138.2% Fibonacci extensions often act as a viable
support or resistance level as explained at dayprotraders.com
website?
16/
What is an internal Elliott wave?
17/
Why is it essential to get the first Elliott wave correctly?
18/
What is likely to happen if one does not get the first wave
right?
19/
Why Elliott waves do extend?
20/
The irregular first Elliott wave can occur other times apart from
what has been discussed so far. Yes or Yes?
21/
Can the irregular first Elliott wave fail?
22/
What should one do if the irregular first Elliott wave fail?
23/
The next step after learning about the irregular first Elliott wave is to practice until one masters the topic (to gain more experience and
skills) before going live. Yes or Yes
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