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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: Elliott wave predictions, offer a big picture view of the overall price action in the market which is simply impossible in any other trading system. Using Elliott wave forecasts in your trading, does not mean you will suddenly gain […]
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.