: The book combines four critical studies to predict market moves:
The book by Deepak Kumar is a specialized guide designed to transform the often-abstract Elliott Wave Theory (EWT) into a functional trading framework. First released in 2014 and significantly revised in 2021, the book focuses on actionable techniques for modern markets—including stocks, currencies, and cryptocurrencies—while stripping away the philosophical fluff found in older texts. Core Pillars of the SweeGlu Approach
The Elliott Wave Principle is deeply intertwined with the Fibonacci sequence. In his guide, Deepak Kumar details specific mathematical relationships that help traders project precise price targets. Retracement Guidelines for Corrective Entry : The book combines four critical studies to
Kumar's approach is unique because he breaks down Elliott Wave Theory into , forming a complete analytical framework:
Represents the main trend direction. It consists of three advancing waves (1, 3, and 5) and two intervening retracements (2 and 4). In his guide, Deepak Kumar details specific mathematical
: The foundation for identifying your current position in the market.
Typically retraces 50%, 61.8%, or 78.6% of Wave 1. A deep 61.8% retracement offers an ideal entry point with a tight stop-loss. : The foundation for identifying your current position
A sharp three-wave correction (labeled A, B, C) where wave A is five waves, wave B is three waves, and wave C is five waves.
He didn't wait for the final "Wave 5" to exhaust itself. He remembered Kumar's warning about greed. As the market reached its crescendo, Arjun quietly exited his positions.
[Wave 3: The Longest Wave] /\ / \ [Wave 1] / \ [Wave 5] /\ / \ /\ / \ / \ [Wave 4]/ \ / \ / \_______/ \ / \/ \ / [Wave 2] \
When applying the Elliott Wave Principle in practice, traders should consider the following: