Technical Analysis using Elliot Waves #1: Basics

Laying foundation for your Technical Analysis Journey

Welcome to the Lambo Letters, I am Ivaavi and you can find me here on Twitter and here on Instagram. Enjoy your reading!

---

Hello ILL readers, I hope you're all doing well and having a great time in our Lambo Gang Community!

Today I am starting a new series on Technical Analysis using Elliot Waves. We are going to start from the basics and go to the depths of Elliot Waves Technical Analysis method. I will keep the most simple and straight forward approach for this series, so that you can learn all the important stuff without any distractions what so ever. I’ll also cover step by step analysis in live streams as a part of the series itself.

I can’t guarantee that you’ll become a millionaire after learning this new powerful skill. But I am sure that it will open doors to a billion possibilities for you. You’ll be able to read and analyze charts, you’ll be able to find the trends, you’ll be able to find great risk to reward setups, you’ll be able to tell what a chart could do in the coming hours, days, months, or years just by having a look at it, you’ll be able to make sense out of the chaos in the charts, which are most probably just some random doodles for you as of now.

Elliot Waves Analysis definitely has some predictive powers, but it is not a crystal ball. What it does is, it helps you in narrowing down the ocean of million possibilities into two or three most probable scenarios on a chart. Also, it helps you in finding out great risk to reward setups for your trading. Thinking of it as a crystal ball can be harmful for your portfolio.

So, let’s just cut to the chase and dive right into the action!

---

This series is only for our paid substack subscribers as an extra benefit among all the others. We already have a lot of other posts and series for free subscribers, which you can check on our publication’s webpage.

Why am I keeping this series only for paid members?
Because I'm not here to build a massive fanbase or a community filled with casual, careless, unenthusiastic, and unambitious individuals. Nor am I here solely to make substantial profits from my publication. If that were my goal, the subscription price would be much higher than $0.57 (₹50). Thanks to the grace of God, I am doing fine with my trading and investments already.

Writing letters, doing research, educating others and managing a community takes a lot of time and effort & I don’t want to consume that energy for dabblers. I want serious people in our community who actually want to make big and have a dream of financial freedom. When someone is paying to learn something, in my personal opinion, it shows seriousness and the determination of a person.
Hence the paywall!