Technical Analysis using Elliot Waves #2: Motive Waves

Impulses and Diagonals with real world examples.

If you haven’t read the previous chapter of this series, then please read that before continuing. It will provide important context for the content discussed in this chapter.

Technical Analysis using Elliot Waves #1: Basics

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CONTENT

• Intro

• Why is this series exclusive to paid members?

• Recap of Previous Chapter

• Motive Waves

  • Rules to remember

  • Impulse

  • Extension

    • Extension of Extension

  • Truncation

  • Diagonal

    • Ending Diagonal

    • Leading Diagonal

• Topics to Discuss in The Next Posts

• Outro

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Hello ILL readers, I hope you're all doing well and having a great time in our Lambo Gang Community! Today we are going to learn everything about motive waves in detail in this 2nd chapter of our series “Technical Analysis Using Elliot Waves”.

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.

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Why is this series exclusive to 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!

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Recap of Previous Chapter

In the previous chapter we learnt all the basics of Elliot waves. We discussed how Elliot waves was discovered, what should be your mindset when implementing Elliot waves in your analysis, we took into account the forecasting powers of Elliot waves, we understood the basics of wave count, we read a little about motive waves (Impulses), and corrections, I showed you how a complete wave cycle looks like, we practiced the nomenclature and the wave count labelling, we ended the chapter with an example of the real time implementation of Elliot Waves on Axis Bank’s chart.

As an added benefit for paid subscribers, we also organised a discord live stream to discuss the chapter in detail and to answer all your queries and doubts. Recordings are available on our YouTube exclusively for paid members.

Let’s begin our new chapter to understand the motive waves in detail.