Trading The Elliott Waves: Winning Strategies For Timing Entry And Exit Moves ((hot))

Wave 4 is corrective but often complex (flats, triangles). A common trap occurs in a "running flat" or "expanded flat" correction where Wave B goes beyond the start of Wave A, and Wave C slightly "throws under" the end of Wave A, shaking out weak longs.

Theory is useless without a daily operational plan. Here is your step-by-step routine for trading Elliott Waves: Wave 4 is corrective but often complex (flats, triangles)

Putting your stop loss at the obvious Fibonacci level (e.g., 61.8% retrace of Wave 1) where every other trader places theirs. Solution: The market often "liquidity hunts" these levels. Place your stop a few ticks beyond the Fibonacci level or the Wave 2 extreme. For example, if the Wave 2 low is at $50.00, place your stop at $49.85. Here is your step-by-step routine for trading Elliott