Simple question about Elliott Waves

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Helloooo. Tbh, I don’t really use Elliott waves cause I also find them very confusing. BUT you might wanna look at these threads for additional knowledge on this. I think, although not exactly the answer to your question, you will have an idea from the discussions.

All things Elliot Wave. All discussions strictly Elliott welcome

Elliott Wave: Introduction | Investopedia The above introduction will lead to a full background on Elliott Wave. Why is Elliott Wave significant in trading? Well, I am firstly not saying other methods are not valid, after all the market is made up of participants using these methods. I think it is significant because Elliott focused on the psychology of the market. The moment the market found itself visual on computer screens it became possible to see market reaction over time in one place. I…

This is The Evidence Why you Should Learn Elliot Wave Theory!

Hi Guys, I want To share My recent analysis using Elliot Wave Theory that also can be used to read other strategy such as Advanced Pattern, etc. This example is good for newbies or pro trader. So Your Comment and Critics are Very2 Welcome to Increase My Ability to become more Wise Trader You don’t have To trust me, But use this as your reference about how good Elliot Wave is. Because Trust is earned By repetitive Truth. So if you keep using Elliot wave Sooner or Later you will realize how gr…

Elliott Waves question

Hello, I’m a person who wants to get into trading Forex and I had just started learning on BabyPips :D. Just finished with the Elliott Waves chapter and I have a question which I could not figure out by reading materials beyond this site… I will first state what I understood about Elliott Wave theory. Say one successfully identifies the impulse pattern(1-2-3-4-5) and the correction pattern(A-B-C) in let’s say an uptrend. Initially I assumed that this theory states that once the price has mo…