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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 for over 10 years: The Elliott wave indicator offers a big picture view of the overall price action in the market which is simply impossible in any other trading system. Using Elliott wave indicators in your trading, does not mean you will suddenly gain supernatural powers! […]
Elliott Wave labels are a damn mystery starting out!
So its time to get to the point..
This is the Ultimate Beginners Guide ELLIOTT WAVE DEGREE LABELS.
Sentiment extremes overcome the crowd at major turning points. Let me show you how Elliott wave can help identify and trade these market reversals.