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Corrections are a hell of a thing!
BUT! If you master corrective patterns, you will be able to place high probability trades, at very low risk levels.
And that is the essence of a good trade.
When I am setting an Elliott wave trade, I always use Elliott wave and RSI as a wave count confirmation tool and a trend strength indication.
I have used Elliott wave signals to predict price moves in my trading for over 10 years: Out of all the trading methods and systems I have tried, Elliott wave signals give me an edge that no other type of trading method offers. Elliott wave predictions, offer a big picture view of the overall price […]
Explaining Elliott wave degree labels, simplifying the jargon! It takes a little while to figure out how to count elliott waves correctly, and then how to get the Elliott wave degree labels working correctly. But I get so caught up in the charts and labeling and degrees of trend and so on, that I forget that I need to […]
Sentiment extremes overcome the crowd at major turning points. Let me show you how Elliott wave can help identify and trade these market reversals.