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Applying Elliott Wave Analysis – Module 5

Applying Elliott Wave Analysis – Module 5

Trading the Waves

In the fifth module of Applying Elliott Wave Analysis, we discuss ideal trading entry points based on Elliott Wave patterns and counts.

We start with the Impulse, which at the conclusion of a fifth wave provides several entry opportunities in regards to the ascending channel break. The channeling technique discussed in the fourth module is used and referenced.  An example is provided of this technique using a longer-term AAPL weekly chart.

We then move into the Diagonal structure setup and entry opportunities. We discuss the details at which the Diagonal pattern invalidates and where the ideal stop loss placement is in reference to wave counts and the ideal entry points of the pattern. An is provided of this technique using the NVDA chart.

We’ll move into Zig-Zag corrective structures to discuss the ideal point when a correction may have concluded and a new entry may be warranted. The CAT chart is used as an example of this technique.

We’ll discuss flat corrections and triangles as well in similar manners, finishing with a touch on indicators that compliment Elliott Wave analysis.

Aggressive entry, conservative entry, and stop-loss levels are discussed for each setup.

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