Today I would like to share with you how to use Elliott Wave in Trading.
Firstly you need to analyze Daily/Weekly chart, what I've done 10 April. Elliott Wave Structure shows us sell opportunity.
After that you need to go deeper at daily chart to find the right moment for entry, I've found at this chart on 16 April:
PinBar
Key level of resistance
Fibo level
I have opened short positions with RR 1/30. My risk is 1 Dollar, my profit is 30 dollars.
After first impulse down, market provided us 1 more opportunity to join, What dis I see here? I see the correction of Wave 4 to 50% Fibo. I have clear Stop at the end of Wave 1 (150.66), and the sell.
If you need everyday Elliott Wave analysis, contact me to join. I do basic Major pairs and I can do any other instruments by your request. All the best!
Lucky shot , count is wrong (your i is not an impulse) the proper count would be a-wave where your iii is.
MuhdHilmi
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What do you mean by " I have clear Stop at the end of Wave 1 (150.66), and the sell.".
I couldn't see the Wave 1 figure, could you kindly help to point where was it?
Elliott_Wave_Count
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@MuhdHilmi, see the chart below my comment in idea description
Jamal92
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I am now on long for GJ. A higher low is forming on the weekly!