What is the math formula for Elliot waves price retracement

Beginner Questions
1

I need to know how to calculate the Elliot waves pulses properly to get a target price .

2

Try this:

Please don’t take this the wrong way but I get the impression that you want to run before you can walk. You asked a similar question recently about sharp retracement?

In my opinion, these topics are very deep and I am unsure of the value you will derive if you do not have a grounding in the basics of the market. For that, please study the School of PIpsology, which has an introduction to all such retracement methods.

Also, try to spend a little more time experimenting with search engines (like Google search). It took me about ten seconds to find the link above.

2 Likes
3

Thanks for sharing this I was also looking for a good source.

4

its a fine description with so many good information, got some fine lines , thanks for nice post.

5

No . Do I add the pulses first and multiply the fibonacci ratio next ?

6

“Nary a good deed goes unpunished !”

:rofl: :rofl:

7

I am sorry I cannot answer your question. Whilst I sometimes watch others explaining their application of Elliot Wave Theory to future price action based on fractals that have happened before I have not spent my time learning Elliot Wave Theory. I use a trend following strategy which, at its heart, does not pretend to predict future price action, but uses statistical probabilities to try to establish a trading edge over time.

This excludes any Elliott wave, support and resistance or Fibonacci technical analysis. It uses a baseline and two indicators for entry. It is certainly not complete. It is under continuous assessment.

8

Try this:

Elliott Wave Monitor

If you want to understand the Elliott Wave Theory in an easy way and learn how to count waves, This site is useful to you