Elliott Wave Auto Detector (Simplified)

How to Use the Detector
Identify Structure: Look for sequences like 1-2-1-2...
These may show a forming or ongoing Elliott wave pattern.

Validate Trend: Multiple red 2’s at lower highs suggests a bearish trend; the reverse with blue 1’s at higher lows is bullish.

Trading Zones:

Consider buying near clusters of blue 1’s (support zones).

Consider selling or shorting near clusters of red 2’s (resistance zones).

Look for Breakouts: If price breaks out of the descending channel, trend may reverse or accelerate.