Learner: I keep hearing about Fibonacci ratios in trading, especially with Elliott Wave Theory. But honestly, it feels like magic numbers. How do Fibonacci numbers actually predict market movements? Is there real science behind it, or is it just another…
Tutor: Imagine the financial markets as a living, breathing ecosystem. Just as a forest has different stages of growth – from the first tender seedling to the mature, towering tree – financial markets have their own lifecycle, with each stage…
Learner: I understand basic corrections now, but I keep hearing about complex corrections. What makes them different from simple ABC patterns? Tutor: Complex corrections are like a symphony compared to the simple melody of ABC patterns. They combine multiple simple…
Learner: I’ve mastered the basic five-wave impulse and ABC corrections. Now, what makes advanced wave patterns different? How do traders spot these complex formations? Tutor: Great question! Advanced patterns add layers of nuance to Elliott Wave analysis. These include extended…
Learner: We’ve covered the five-wave impulse pattern, but markets don’t always move in that direction. Can you explain what happens during corrective waves? Tutor: Excellent question. Corrective waves are just as important as impulse waves, perhaps even more challenging to…
