By https://www.tradingview.com/u/Mayfair_Ventures/
Elliott Wave Post 2; after writing the first post I have received some questions. So I thought it easier to write a follow-up post here showing some tricks.
To be clear, I am not an Elliottition as a whole, I use it as part of a wider strategy on the monthly and weekly timeframes. But also we have access to an automated Elliott wave tool.
The Elliott wave logic still works today and with a couple of little tricks, you will be able to use to help forecast potential target zones. Elliott can be very subjective and the saying goes “if you ask 10 Elliott wave traders where to plot the waves, you will get 9 different answers” So just like everything else, you need to use it wisely and not rely solely on it.
Again to reiterate – this is not a full-out lesson, there’s more to learn on the topic. But these little tips will help you along the way, even to get into the overall concept a little quicker.
Read more: https://www.tradingview.com/chart/SPXUSD/Mb6F2244-The-Lazy-Man-s-Guide-To-ELLIOTT-WAVE/