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Harmonic Elliott Wave

Title:

Harmonic Elliott Wave: The Case for Modification of R. N. Elliotts Impulsive Wave Structure

Author:

Synopsis:

Through hours of research and usage Ian Copsey has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not develop in the manner which R.N. Elliott described in his findings.

In Harmonic Elliott Wave he reveals the methodology, the common ratios that link different parts of the wave structure and provides a wealth of practical examples to explain his findings. Through this methodology he shows how waves develop and dispels the misconceptions that have been common practice by Elliotticians over the years. He supports his methods by consistently ensuring that waves are related by common ratios to help the reader apply the techniques with greater understanding and accuracy.

The publication of R.N. Elliott's The Wave Principle in 1938 marked the beginning of the Elliott Wave Movement which has attracted a huge following in the technical analysis community. Author Ian Copsey, a veteran technician, has spent many years testing these theories and believes he has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not consistently develop in the manner that R.N. Elliott described in his findings.

With stubborn fastidiousness he has pieced together a modification of the original Wave Principle that both defines the correct structural development and unearths the common ratios that identify related waves. Subscribers to his daily report often write in amazement at the frequent accuracy of teh trading levels he generates from this process.

In this book he reveals the methodology, the common ratios that link different parts of the wave structure and provides a wealth of examples to explain his findings. Through this methodology he shows how waves develop and dispels the misconceptions that have been common practice by Elliotticians over the years. He supports his methods by consistently ensuring that waves are related by common ratios to help the reader apply the technique with greater understanding and accuracy.

Technical specifications

  • Hardcover: 224 pages
  • Publisher: Wiley
  • ISBN-10: 0470828706
  • Product Dimensions: 9.1 x 6.2 x 0.9 inches

About the author

Ian Copsey is a veteran technician having begun his career in Foreign Exchange over 30 years ago. In addition to his experience working in Barclays Bank's trading rooms in London and Hong Kong, he has been a technical analyst for 25 years. He is author of "Integrated Technical Analysis” and “Harmonic Elliott Wave.” In 2010 he transformed Elliott Wave into a dynamic forecasting methodology through a simple modification to the impulsive wave structure. The result is a greater ability to forecast with accuracy, at times to the very point, and utilising a fully fractal structure with reduced subjectivity and a ratio methodology that is consistent across all wave degrees generating common targets. He produces both daily and weekly reports to a range of users from private traders to hedge funds and bank traders. He has lived in Asia for 25 years in Hong Kong, Singapore and Tokyo.

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