Elliott
Wave Basics Explained- Answers
Welcome to
the Elliott Wave Basics Explained answers
page for the
Traders Day Trading
Elliott
Wave quiz.
If you have found this page in error and would like
to test your Elliott Wave Theory knowledge, click here to return to the
Elliott Wave Basics Quiz
Q1.
How many
waves does an impulse wave subdivide into?
A1. 5
Q2.
What is the
maximum retracement level for a wave 2?
A2. 100%, The
origin of wave 1.
Q3.
Who is
considered to be the leading authority on Elliott Wave Theory?
A3. Elliott Wave
International
Q4. What is the
most important Fibonacci ratio?
A4. 0.618, The
Golden ratio.
Q5.
How does a
triangle subdivide?
A5. 3-3-3-3-3, Each
internal wave subdivides into 3 smaller waves labeled a,b,c,d,e
Q6.
What is the
most important factor in wave recognition?
A6. The internal construction
of each wave. Does it subdivide into 3 waves or 5?
Q7.
What is the
next number in this Fibonacci sequence 5, 8, 13, 21, ?
A7. 34 , (13+21)
Q8.
Which impulse
wave is never the shortest?
A8. Wave 3 is never
the shortest . Either wave 1 or wave 5 (or both) must be shorter.
Q9.
How do we
label a 3 wave zigzag?
A9. a,b,c
Q10.
Could a wave
2 be a triangle?
A10.
No, Triangles always occur in the position immediately prior to the
final move or as the final move in a
combination wave.
How did you do....10/10?
As
you can see , there is nothing
difficult about learning Elliott Wave. It is quite simply a case of
applying some straightforward
guidelines with a handful of very clearly
defined rules.
Successful
Elliott Wave trading and investing is never
about calling all
the moves, it is about using the theory to help you identify high value
trading opportunities with as low a risk to you capital as possible.
The more you can learn and understand of the mechanics of the Wave
Principle, then more often that these trading opportunities will
present themselves to you.
Elliott Wave
Basics Explained - Learn More
You
have only just begun to learn the power and
complexity of Elliott Wave Basics Analysis. So, don't let your Elliott
wave
education end here.
We
discuss
Elliott Wave Theory in much more detail, here at TradersDayTrading.com
but you can also learn a lot more through
Elliott Wave
International's free Club EWI. Follow this link to get
free access to the Basic Tutorial: 10
lessons on The Elliott
Wave Principle and
learn how to use this valuable
tool in your own trading and investing.
It
is completely free
and you will find an
extensive library of educational materials in there to
help you get the most
out of this unique technical analysis tool including....
....the
message boards where you can get the answers to your questions directly
form the experts.....
|
