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
If you are looking for more information, I can help if you tell me: If you are looking for a summary of the core rules (like the 3 main rules of Elliott Wave). If you need help identifying a specific wave on a chart right now. If you want to know how to combine this with other indicators like RSI or MACD. Let me know how you'd like to apply these principles
This article is for informational and educational purposes only and does not constitute financial or investment advice. Trading financial instruments involves significant risk and may not be suitable for all investors. The author and publisher are not responsible for any financial losses or gains you may incur as a result of any trading decisions you make. Always do your own research and consider consulting with a qualified financial advisor before trading.
This is where Elliott Wave becomes practical. Instead of arbitrary ATR-based stops: The book by Deepak Kumar is a specialized
This section covers all the essential rules, wave personalities, detailed wave patterns, and the specific Fibonacci calculations associated with each wave. It’s designed to build your toolkit. It doesn't just list rules; it explains how to apply them, teaching you the "tricks" to handle even the most difficult wave-counting conditions.
" is a highly regarded resource for traders looking to move beyond textbook theory into real-world market analysis. Why This Book is a "Trader's Bible"
section Corrective Phase (3-Wave Retrace) Wave A (Initial sell-off) :wa, after w5, 35m Wave B (Counter-trend bounce) :wb, after wa, 40m Wave C (Final sell-off to target) :wc, after wb, 50m If you need help identifying a specific wave
Key Fibonacci relationships include:
Determine the bigger picture trend. For example, is a decline a wave C in a long-term uptrend or the start of a new downtrend?
Arjun didn't argue. He just set his stop-loss right where the book told him the pattern would be invalidated. Over the next three days, the "Wave 3" ignited. The stock didn't just recover; it soared. As his profit targets were hit one by one, Arjun realized the PDF wasn't just about math—it was about understanding the collective heartbeat of the crowd. This integrated approach
This integrated approach, which you will learn to master through Kumar's PDF, eliminates guesswork and replaces it with systematic analysis.
: This is the most lucrative trade. Identify a clear 5-wave micro-move (Wave 1) followed by a 3-wave correction (Wave 2). Buy the breakout above the peak of Wave 1, placing a stop-loss at the bottom of Wave 2.