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Donations: 12sEPDs25Wt1Th8tduQMDhJiWWkX5CC58u

Elliot Waves states that 3-Wave             corrective waves are always contrary to true market direction.


BUY SIGNAL ( Stoch RSI - 2nd Chart)
Green and Red falls below or touches bottom of Grey Center (OverSold) of the chart

CONFIRM: ( MACD - 3rd Chart)
Green is curving upward on the bear side, or beginning to curve.

CONFIRM (WAD-SMA - 4th Bottom Chart) :
Red changes to Green

CONFIRM ON 1-MIN TIMEFRAME (CMF-Chaikin Money Flow - 1st Chart - Yellow Line) :
Reflects the current True Market Trend:
For Maximum rise make sure the Yellow line touches or has risen above your chosen entry position on the 1-min chart.
Left Vertical Scale Bar Yellow Block will have risen above Red or Green Price Block, preferably Red.

When divergence from price is noticed on the Stoch RSI , this Chaikin Money Flow indicator can be used to verify True Market Trend Direction, can be cross referenced and verified via comparing price, if both agree, then the market is in divergence to the Stoch RSI .

CONFIRM: (Blue Bottom Donchiain Channels - 1st Chart)
Price is "oversold via candles having bottomed and stepped-down 3-steps / Waves

Place your limit order to buy at your exchange based upon the 3rd Step / Wave average numerical value of the steps
Right vertical scale reflects the most recent High and Low of recent channel in two Blue Blocks, you can set your Entry and offset your Stops and Take Profit orders from the two Blue Blocks.

Donchian Channels function in a reaction to an action
If Price Tops Stepping-Up Top Blue Donchian Channel = Price Is OVERBROUGHT = Impending PRICE DROP
If Price Drops Stepping-Down Bottom Blue Donchian Channel = Price Is OVERSOLD = Impending PRICE RISE

Early Exit : ( Stoch RSI - 2nd Chart)
Green cross below Red in the upper top part (OverBrought) area of the chart
May dance / twist together a couple of times first, wait for the gap divergence between Green below Red

Late Exit : ( Macd - 3rd Chart)
Green cross below Red to the Bear Side of the Chart

Long-Term Exit: (Wad - 4th Chart)
Works On 1-Min Chart even to give longer term exits


Shown For Use With a 30-Min TimeFrame
Make Sure To set your Stop Loss
Before Entering Your Trade To Minimize
Any Loss Should The Market Go Against Your Trade.
A Stop Loss of 5 points below your Entry should be fine

This chart's default is for a 30-Min TimeFrame, but can also be used on the 1-Minute TimeFrame for Interday Trading with trades taking only 2 to 3 Mintues.same rules apply.


Short Version (Crash Course - 4 Hour Read):
Short Long Version -
Long Version (By The FirePlace Read) -

Prechter graduated from Yale University in 1971 with a degree in psychology. He served as the 21st president of the Market Technicians Association, and is a member of the Shakespeare Oxford Society and the Triple Nine Society. For more information, visit

Prechter won the U.S. Trading Championship in 1984 with a then-record 444% return in four months in a monitored, real-money options trading account. His publication, The Elliott Wave Theorist, won numerous speaking, timing and publishing awards during the 1980s, and in 1989, he was named “Guru of the Decade” by the Financial News Network (now CNBC). In 1999, Prechter received the Canadian Society of Technical Analysts’ inaugural A.J. Frost Memorial Award for Outstanding Contribution to the Development of Technical Analysis . In 2003, Traders Library granted him its Hall of Fame award.

Donations: 12sEPDs25Wt1Th8tduQMDhJiWWkX5CC58u
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