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In Elliot Wave, the trading strategies that tend to be successful are based on a chart having the "right look". One of the problems with Elliot wave is that the "right look" doesn't always form, but when it does form these setups can be very low-risk trades and can have a very high success rate. For example, corrections are typically made up of many waves that...

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LTCUSD appears to have topped out. Anything is possible, but the wave count appears to be complete, RSI has diverged, RSI has started lower lows and lower highs. We still cannot rule out that this is just an X wave and that the larger scale will continue to correct. So when we look at the upcoming correction, we will be looking at how the wave corrects. Correction...

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BCPT -Price continues to confirm a third wave. Confirmation signs 1 break of Head and shoulders pattern. 2 Break of first wave top 3 increasing volume 4 RSI confirmation We may be at a pause in the action though. RSI is heading lower on the 1 hour chart, and the 4 hour chart RSI is oversold and probably signaling a short term correction. The Daily RSI...

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BPCT is confirming that the correction is over and that the new impulse wave is starting. This is confirmation of the start of the third wave.

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The break of the contracting triangle shown above forces a wave recount. It appears that only wave 1 2 and 3 are in so far and this extended retracement is the forth wave. The good thing about this price action is that according to the Elliot wave breakouts from contracting triangles tend to be impulsive and also terminal waves, so if we can find the bottom, we...

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It appears the XRP correction at a small degree is wanting to turn. It might have to wait on BTC finding its most recent swing bottom.

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Best case scenario is that wave 1 is in and wave 2 is happening. Price has already moved into important aggressive buy zones. Price has not indicated that it is finished correcting yet. We are waiting for RSI to start diverging and a head and shoulders to set us up for a continuation of the impulse wave. Although volume has confirmed this break out, we always...

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POE seems to be setting up for a bullish triangle. RSI also supports the triangle scenario. The triangle offers multiple trading opportunities if recognized early. The big play is to buy at confirmation at the break of the trendline after wave E. usually after the break there is a retest of the trendline and then the move will be to the upside to at least above...

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We are awaiting a break with volume of the noted trendline. RSI is diverging but until RSI starts an uptrend and price confirms the change, the bears are still in control. Price has retraced to the 78% level. An aggressive trader could enter here and set stop loss at the bottom of the small impulse wave. A conservative trader would wait for confirmation of a break...

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In Elliot wave, corrections are often in a channel with multiple overlapping waves. The rule states that these waves will eventually be completely retraced and that price will eventually go above the previous impulse wave. Assuming this is a second wave correction, second waves often retrace atleast 61.8% of the previous impulse wave( wave 1). This is the case...

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A large flat correction wave appears to be complete and the beginnings of the next bullish impulse wave is underway. The correction wave in this Elliot wave set up would be the 2 wave. The strategy is to wait for the correction to retrace at least 38% but preferably 61.8% of the previous impulsive wave. Buying by laddering into the position is the most aggressive...

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A large corrective wave appears to be over from an Elliot wave perspective. The correction reached the .68 retracement. Stop loss is indicated.

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Volume is confirming breakout and start of wave 3.

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stacking decreases risk

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A long corrective wave appears to be over. Corrective waves tend to have many waves that overlap. From an elliot wave perspective, coreective waves are always retraced completely. But what if the corrective way is not over yet? laddering target zones can help keep profits as you go along. The target zones are based on .682, 1.0 and 1.682 extensions of the first...

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Multiple bull confirmation signals have triggered signaling a good chance that the bulls have gained control. I find if I can stack as many confirmations as possible, the risk for the trade is reduced.

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Elliiot wave is nearly completed. This is a good pre-emptive buy in zone with a clear stop at the bottom of the first wave. fibonaci projections provide our targets at a minimum of 100% of the first wave , extended projection is 1.6% of the first wave. I usually confirm on lower time scale with RSI. Also confirm with a break a the second wave trendline.

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Break at upper trendline confirms 5th wave move to above previous major high.