Start practicing today. Pull up a daily chart of Nifty, S&P 500, or Bitcoin. Label an impulse wave. Wait for the correction. And apply the rules—one practical step at a time.
Deepak Kumar's work on the Elliott Wave Principle focuses on its practical application in trading and investing. Here are some key takeaways from his work: Start practicing today
A common trap is seeing three possible wave counts at once. Kumar introduces a simple decision matrix: If price breaks a certain level (e.g., the start of Wave 2), the alternate count becomes the primary count. This eliminates hesitation. Wait for the correction
Absolutely. Kumar dedicates a section to smaller timeframes (5-min, 15-min, 1-hour). He warns that noise increases, so he recommends combining wave counts with order flow or volume profile for scalping. Here are some key takeaways from his work:
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