How to look for setups using Elliott Waves(educational)
Hello, i want to share with you my prefered areas where i look for setups using EW.
This is a simplified chart of an impulse followed by a correction. Sometimes its as simple as that, sometimes is very complex.
Since i started using EW i found very profitable setups real-time. Im showing an example for each setup below.
Our work is to find a clear wave structure, so we can enter a HIGH PROBABILITY trade (nothing is 100% sure in trading). This is the most difficult part of trading using EW but worth it.
They say EW is complex and subjective and its true. TRADING is complex and subjective, ten experienced traders can have differents opinions using technicals or using EW.
EW is not the holy grial, for me it is just a very powerful tool to find good setups and improve our performance.
Best regards.
********************************************************************
example 1
example 2
example 3
example 4
This is a simplified chart of an impulse followed by a correction. Sometimes its as simple as that, sometimes is very complex.
Since i started using EW i found very profitable setups real-time. Im showing an example for each setup below.
Our work is to find a clear wave structure, so we can enter a HIGH PROBABILITY trade (nothing is 100% sure in trading). This is the most difficult part of trading using EW but worth it.
They say EW is complex and subjective and its true. TRADING is complex and subjective, ten experienced traders can have differents opinions using technicals or using EW.
EW is not the holy grial, for me it is just a very powerful tool to find good setups and improve our performance.
Best regards.
********************************************************************
example 1
example 2
example 3
example 4
