Harmonic Elliott Wave – The Case for Modification of R. N. Elliott’s Impulsive Wave Structure

Harmonic Elliott Wave – The Case for Modification of R. N. Elliott’s Impulsive Wave Structure

Description:

The Elliot Wave Principle has been widely adopted as a tool for traders analyzing market cycles, but Ian Copsey has unearthed a fundamental error in the way it defines the structural development of price behavior. Harmonic Elliott Wave: The Case for Modification of R. N. Elliott’s Impulsive Wave Structure explains what’s wrong with the Principle, outlining a modification that allows for more accurate trading predictions.

Revealing the methodology that led to this discovery, the common ratios that link different parts of the wave structure, and providing a wealth of practical examples to explain his findings, Copsey shows how waves really develop, dispelling the misconceptions that have been practiced by Elliotticians for years. Supporting his methods by consistently ensuring that waves are related by common ratios, Copsey helps the reader apply the revised version of the Principle with greater understanding and accuracy.

• Reveals a fundamental error in the popular Elliot Wave Principle
• Outlines a tried and tested modification that fixes this mistake and allows for more accurate analysis
• Offers essential information on applying the new model to the markets

With far-reaching implications for traders everywhere, Harmonic Elliott Wave is a must-read for anyone who puts their faith in the Elliot Wave Principle.

Author Information

Ian Copsey is a veteran technician having begun his career in Foreign Exchange over 28 years ago. He provides his daily forecasting report on the Forex market through www.fx-forecaster.com and www.harmonic-ewave.com.
His book Integrated Technical Analysis has been enjoyed by readers all over the world. His experience ranges from working in Barclays’ trading rooms in London and Hong Kong, to acting as a technical analysis specialist for Dow Jones Telerate in Tokyo where he provided seminars for bank traders and later as the regional manager for technical analysis products in Asia Pacific. He is also an experienced speaker at seminars. He has lived in Asia for over 22 years in Hong Kong, Singapore and Tokyo where he now lives with his Japanese wife.

Forex Trading – Foreign Exchange Course

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Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

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