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5 Types of Elliott Wave Patterns to understand Market Behaviour (🧵)

Before we dig in, what exactly is the Elliott Wave Theory?

The Theory suggests that the #stock priced move continously up & down in the same pattern known as waves👇

 The underlying theory behind these waves is #Trader Psychology. The Theory suggests that these patterns are recurring in nature👇
1. Motive Waves: These move in the direction of the main #trend and consists of 5 waves that are labeled as Wave 1..2..3..and so on👇
Wave 1,2 and 3 move in the main direction, whereas Wave 2 and 4 move in the opposite direction. There are 2 types of Motive Waves: Impulse and Diagonal Waves
2. Corrective Waves: These are known to counter the main trend. They are more complex and time-consuming than motive Waves👇
Correction patterns are made up of 3 three waves, labelled as A, B, C👇
These three main types of corrective Waves are Ziz-zag, Diagonal and Triangle Waves

Now, let's discover the five types of Patterns: 👇
1. Impulse: The most common Wave in the market. It has five sub-waves and two corrective Waves formed in a 5-3-5-3-5 structure. If the structure rules are violated, we have to re-label the wave👇
The main rules are: Wave 2 cannot retrace more than 100% of Wave 1, Wave 3 cannot be the shortest among Wave 1,3,5, and Wave 4 can never overlap Wave 1👇
2. Diagonal: Another wave consisting of 5 sub-waves, moving in the trend direction.

The Diagonal looks like a wedge and maybe expanding/contracting👇
Like other motive Waves, each sub-wave of the Diagonal Wave does not fully retrace the previous sub-wave👇
3. Zig-zag: A Corrective Wave made up of 3 waves labelled as A, B, C with a strong up/down movement.

The A and C waves are the motive Waves, whereas the B Wave is corrective👇
These patterns are sharp declines in a bull rally or advances in a bear rally, substantially correcting the #price level of the previous impulse patterns👇
4. Flat: The flat is another 3-wave correction in which the sub-waves are formed in a 3-3-5 structure. The name flat has been given because it generally moves sideways👇
5. Triangle: Consists of 5 sub-waves in a 3-3-3-3-3 structure. The corrective pattern shows a balance of forces and travels Sideways

It may be expanding, where each sub-wave gets bigger or contracting, whether they form a wedge. 👇
Read the entire blog here: https://t.co/izP6TzBB1u
To master Elliott Waves in live markets, enroll in this webinar by @kyalashish, where explains #Options Trading using #ElliottWaves and #Ichomoku Cloud:

https://t.co/t9iAT7OzJJ

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This is very unique temple as Shiva and Vishnu both are in the “linga” form in the same Garbhagriham. The Srikovil is in a circular pattern. Temple's Prathishta was done by Parasurama.


Mahadeva and Maha Vishnu in the same Srikovil is very rare Prathishta, but poojas are done separately Dhara is done to Maha Vishnu here. People suffering from “KAIVISHAM” and mental illness are fully cured on drinking a medicinal herb supplied by a nearby family here.


The root of the banyan tree around the Ayyappa Sannidhanam is said to have great powers for skin ailments.

Very ancient temple but was covered with forest for many years.
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@SriramKannan77


Vigrahams and it suddenly started bleeding. Later Devaprashnam was held and thus found out that these were murthy's of Shiva and Vishnu which was worshipped long back. And thus temple is constructed here.
Om Namah Sivaye
Om Namo Narayanaya
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ANCIENT BHARAT WAS CALLED VISHWAGURU, AND IT REALLY DESERVED IT.

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NALANDA UNIVERSITY
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22-Nrisimha Bharati IV [1573 - 1576]
23-Nrisimha Bharati V [1576 - 1600]

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RISHI ASHTAVAKRA(DEVAL)

Those who are well versed in our ancient scriptures must definitely have come across the name of Ashtavakra Muni. Who was he and what is the story behind his body getting crooked from all sides.

Muni Asit was the son of Pracheta Rishi.


He was childless and this caused a lot of worry to him. But an Akashvani assured him that he should go to Shivji to get all his
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So he along with his wife go to Shivji and after paying him obeisance start singing Shivji's praises.

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SRI KUMARIAMMAN, KANYAKUMARI (TN)
#bharatmandir #navratri2021

Created by Maharshi Parasurama and also one among the 108 Shakthi Peethas in the world. The name Kanyakumari stands for Kanya(Virgin) and Kumari(girl).
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