Wave Principle is one of the best methods, if not the best method to study the financial markets. In this article, I will show how one can locate major turning points using Wave Principle which can greatly boost the Risk-Reward ratio. 

In Elliott Wave Theory there are certain Rules and Guidelines. If these Guidelines are followed creatively and with some common sense they can help traders to locate major turning points. Recently in one of my YouTube videos I had discussed Elliott Wave structure of Indian Hotels. And in that video I had laid down a clear trading plan using Wave Principle. Watch following excerpts from the video. 

So as discussed in the video the stock witnessed a sharp reversal from the support zone and today it posted intraday high of 153.35 which is more than 13% move. (See below chart)

In the same YouTube video I had covered JK Tyres which achieved the target in a very short span of time. You can watch full video using following link. 

Besides Indian Hotels, I had published a very detailed Elliott Wave Analysis of Info Edge around 5200 with SL of 5000 and the stock has posted all time high of 6777.8. Below is the link of that video.

So you can now understand how powerful is Wave Principle when it comes to developing a trading plan. I have used exactly the same techniques that is taught in my online Elliott Wave Course “Waves Of Wealth”.

Trading success is nothing but developing an edge and knowing how to use that edge. You too can learn all these powerful techniques by yourself simply by subscribing to my Elliott Wave Course here: Elliott Wave Course – Waves of Wealth – Dev Advisory – Stock Market Educational Institute

However if you are busy or don’t have time for learning you can always subscribe to my Premium Membership here: Premium Access – Dev Advisory – Stock Market Educational Institute