Finished reading a book on Elliot wave analysis.
The author Ramki Ramakrishna has simplified the interpretation of elliot waves. Its a great book for anyone wanting to learn technical analysis using Elliot Waves. He has not tried to cover all the details of but has captured what is essential to know about EW.
Earlier I was too confused and scared to read books about EW and left most of them halfway. I skipped the relevant EW chapters in Murphy’s book as I could not make much sense of EW. But Ramki in this book has done a wonderful job of simplifying the interpretation of EW. This is a first book on EW I enjoyed reading. Its a small book which can be completed within 2-3 days and is not expensive. I think one will have to read it for a few more times to get the different waves ingrained in the brain. Thanks to @smehta samkit for introducing me to this book.
Having said that, EW analysis remains very tricky even for veterans who have been following it for years. But for our purpose if we can combine the basic knowledge of EW with the other forms of technical analysis be it patterns like flag, cup and handle, rounding bottom etc, it can help immensely in knowing how to ride a stock.