An elliot wave trading strategy. A simple step to trade elliot wave correction. This strategy teach you how to count wave in impulsive wave and correction wave. How to know the end of wave correction.
7. • To determine the impulsive wave, you need to
know that, in 1 impulsive wave consist of 5
minor wave inside the big impulsive wave.
• Find the wave at bigger time frame, then look
at smaller time frame.
9. • Correction for zig-zag pattern is A-B-C wave.
• Inside A wave, there are 3 wave cycle.
• B wave also got 3 wave cycle.
• What you need to do is counting wave C.
• Wave C, this time will be 5 Wave Cycle.
• Find the 5 wave in smaller time frame
• After 5 wave complete on the C wave. The price
will end it correction of Zig-Zag Pattern.
10.
11. Step 3 : Find Confirmation
• For this step, you need to use confluence of
Divergence And Hidden Divergence before
making any decision to support your wave
count.
18. Trading Elliot Wave
• In order for you to success in trading forex
with elliot wave, you need to practice.
• Always finding the impulsive wave, then wait
for the end of correction, then find the
confluence of divergence and hidden
divergence before you make a decision to go
long or to go short.
• Use higher time frame to smaller time frame.