When the Stars Are Aligned - Trade the High Probability 5th Wave

Overview video on how stocks generally behave and how our Elliottwave Indicator Suite can measure that behaviour to identify high probability 5th Wave Swingtrading opportunities.

$GM General Motors is used in this great example where Paul also discusses managing this 5th wave trade.

Commentaire:

Managing this trade now becomes aggressive, below the low of each previous day until we get taken out. If this 5th wave move continues up and goes longer than the original 3rd wave, then our software automatically re-labels the wave count to a wave 3 and we then look for another profit taking pull back (wave 4) , to do this all over again