I wanted to start a discussion for traders who are curious about Elliott Wave analysis — whether you’re just beginning to explore wave structure or already use it in your daily charts.
This thread is a place to ask questions, share charts, and talk through structure — impulsive vs corrective moves, how to spot flats and zigzags, or when it makes sense to relabel a count.
I’ll share some of my own observations and chart examples over time, but the goal is to make this a collaborative space for anyone looking to better understand how market structure unfolds through the lens of Elliott Wave.
Looking forward to hearing your thoughts and seeing your chart
I thought I’d kick things off with a simple but surprisingly deep question:
What’s the hardest part of Elliott Wave for you — identifying the start of a new wave, or knowing when a correction is actually complete?
For me, the challenge early on was realising that waves don’t have to be perfect to be valid — they just have to make sense relative to what came before. Once you stop looking for textbook patterns and start reading the context, it becomes much easier to see the market as one continuous structure instead of isolated setups.
Sometimes an impulsive move looks perfect until the correction retraces deeper than expected — other times a messy sideways range turns out to be a complex flat that sets up the next big move. That’s what I find fascinating about Elliott Wave: it’s like watching market psychology unfold in real time.
So I’m curious — how do you approach labelling when price action doesn’t fit cleanly into a pattern?
Do you relabel often, or stick to your first count and let the market confirm or invalidate it?
This thread already shows promise of trading insight.
The thing that discourages me about Eliott Wave is that it is more of a discretionary method rather than an objective one. The wave counts show that there seem to be some missing knowledge than what is generally taught or known as the rules guiding their selection.
I shall be following the thread to learn and participate whenever and wherever I can.
I wanted to be transparent about why I started this discussion. I manage The Signal Service, where I share structured market insights and trade setups based on Elliott Wave principles.
My reason for being here, though, is to exchange ideas and talk structure. I realize that including backlinks in earlier posts might have given the wrong impression about my intentions, and I understand how that could alter how people view what I’m sharing.
That was never my aim, and it will be strictly avoided going forward. I want this thread to remain a genuine space for discussing wave guidelines, structure, and trading psychology in a way that helps everyone grow.
Appreciate everyone who’s joined in so far — looking forward to keeping the conversations focused, helpful, and collaborative.
That makes sense: the one sure-fire certainty, when ‘Elliott Waves’ are mentioned in trading forums, is that somewhere along the line, customers are being sought because something’s going to be for sale.
These two threads may help people wanting to learn, though.
The essential skill to acquire is the ability to distinguish between observation and prejudice, between information and ignorance and - closely related and perhaps the most important of all! - between fact and opinion.
