Kumar advises applying EWT to spot/cash prices rather than futures or options, as premium fluctuations in derivatives can skew wave accuracy. Accessing the Book and Resources Deepak | PDF - Scribd
Setup: Wait for a clear 5-wave move up (Wave 1) followed by a three-wave corrective pullback (Wave 2). Kumar advises applying EWT to spot/cash prices rather
Volume should expand significantly during Wave 3 and diminish during corrective structures (Waves 2 and 4). Enter a long position when the price breaks
Enter a long position when the price breaks above the swing high of the minor internal wave B of the correction, or upon a bullish candlestick reversal pattern at the Fibonacci level. Kumar advises applying EWT to spot/cash prices rather
Transitioning from a passive chart reader to an active trader requires combining Elliott Wave with Fibonacci ratios and clear entry/exit execution rules. Step 1: Identify the Multi-Timeframe Trend