This example can help you to understand how I use EW in my trading.
This method provides me the certain stop level and possible profit level. RR= 10 it's good for long term trading.
I've opened the trade on level 78,6% Fibo.
Likes and comments much appreciated
The length of wave 3 in terms of price range is 6.6. Due to rules, Wave 3 can't be the shortest among the motive waves.
So current count is valid only before ~157.
There is no clear trade setup on this moment, i'm looking for reversal.