Predict the Market with Harmonic Elliott Wave Analysis by CastAway Trader

Predict the Market with Harmonic Elliott Wave Analysis by CastAway Trader

Course Detail

Salepage: Predict the Market with Harmonic Elliott Wave Analysis by CastAway Trader

What you’ll learn

You will be able to quickly recognize major patterns in the stock charts that get replayed in either a trending or sideways markets. And the full analysis of a chart will take you just 2 – 5 minutes

You will know how to distinguish trending market making new highs or lows from sideways or corrective market moving in countertrend direction

You will be armed with clear rules that work on any timeframe, from 1 minute to monthly and for any instrument including stocks, futures, commodities like gold and crude oil, currencies and crypto currencies

You will be able to identify critical support levels in a bull market and resistance levels in bear markets that should become your hard stops

You will be able to recognize topping and bottoming patterns and learn what is the most dangerous time to pick tops and bottoms and when it becomes a valid and reasonable trading strategy

You will know at what stages of a rally to buy breakouts is a good idea and when it is too risky

File size: 4.4GB

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

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