The Definitive Guide to Elliott Wave Corrections

In this mind-bending video, we start at the beginning and tell you everything you need to know about Elliott Wave corrections - what they are, when they should begin, what to expect, how long they should take, where they should end, and every type of corrective pattern that might occur.
If you are learning Elliott Wave, come get everything you need to know, including real-time Elliott Wave patterns and specific buy and sell recommendations, at www.TrendLizard.com!

[@user-gp4kn8ts2p]

Where are your subscribers honestly?! Where they at? This is the best explanation ever in the whole wide world !

[@TrendLizard]

Thanks for the kind words and spread the word!

[@dannypants0000]

Finally, the KZbin algorithm blessed me with something useful! I've been trying to understand Elliott waves for the past few months, but could never find a series explaining it as clearly as yours. Cheers!

[@TrendLizard]

Nice, I'm glad you found us too! When you're ready to see this stuff in real time, come visit us at TrendLizard.com!

[@jimmahbee]

I have to tell you that this is how I see music specifically melody... it’s a golden mean wave that I sense intuitively. Fascinating

[@TrendLizard]

That's beautiful - they don't call it the Golden Ratio for nothing!

[@heli-pad6862]

Just found your channel Ryan, its excellent and thank you for taking the time to put this together and sharing. 5 star from me !

[@TrendLizard]

Thanks Xrplore, my pleasure!

[@chris_taurus]

Great video. Needed some specific EW info on corrections - this really helped me out. Subscribed.

[@nazanintorabi1406]

Im a new member of your channel Im really happy to find you . thanks for your great lessons . they are the best education videos that Iv seen . Thanks

[@marcusbridges9078]

Just what the Dr ordered. Thank you for sharing!

[@jacknicholls1550]

Super informative video, thank you.

[@Cumayas]

The best corrective wave explanation video in KZbin! Thanks for sharing.

[@TrendLizard]

Thank you, glad I could help!

[@AnalystKrishna]

wow, after learning myself through various sources, reading books and watching videos and practicing for several months, i still am making fewer mistakes( my friends say that my success rate is 85-90%). i am making mistakes in identifying trade setups in corrections, complex corrections. This video has giving me a lot of useful information and confidence that i think i can further reduce making mistakes in executing trades. Many many thanks for making this video. I agree this is a mind bending and mindblowing video that every Elliotician needs to watch and understand correction patterns. I referred this video to dozens of my friends to watch and understand correction waves. So many Thanks.

[@TrendLizard]

Hi Kris, I'm so glad that this video has helped in your journey, and thanks for sharing it!

[@hendrikhofgen1244]

Very decent and clear explanation of basic concepts in EW. Thank you! :)

[@TrendLizard]

Glad to help Hendrik, and thanks for the feedback!

[@serpenttrader4071]

3 of your videos reinforced more knowledge than 3 elliott wave books! I agree about the W, X, Y labelling, seemed like pointless extra labelling to me too! I feel a lot more confident about picking out my wave counts now with your explanation of the key rules.

[@TrendLizard]

I am glad to hear these videos are providing help! Let me know if any questions come up as you go!

[@markzomeren2887]

Thank you sir, I appreciate this content a lot! Thanks for taking the time to make it.

[@TrendLizard]

Very glad to help Mark!

[@anthonyshannon3969]

Hi, Ryan Wow! I had to write this comment as a humble attempt at a thank you for making these videos that explain Elliott Wave Theory. I have been a Forex trader since 2014 and have looked at charts virtually daily since then. I am a self taught trader and have what I believe is a better than beginner understanding of price action to include candle formation, candle patterns, chart patterns, trends and reversals. All the indicators like stoch, rsi, moving averages, MACD…the whole Nine! I knew that Elliott Wave Theory did exist but I thought it was old and replaced by Ichimoku. Having said all of this…I am simply amazed by what I am learning from your videos and how it is all opening my eyes to what I might call the DNA of price movement! I now understand what I see on my charts in a linear fashion! Everything is making clear sense to me now as apposed to years of not understand where price is now and why it’s there and where price can go and why it will go there. If a trader can not clearly answer these two questions he will be burdened by years of frustration and side ways account balances! Elliott Wave is the only thing that has as you said given me a “road map” to price action. The way you teach and explain this process is very clear, clean and easy to understand. My trading career is on a new path! Thanks!

[@TrendLizard]

Hi Anthony, I am so glad to be able to assist in your journey at market mastery! It is an amazing theory with unmatched insight. We apply it to every major market on our website at TrendLizard.com, if you're ever interested in taking the next step with Elliott Wave, come visit!

[@monythey1294]

Many many thanks . All the best dear.

[@TrendLizard]

Thanks for the feedback, glad to help!

[@lifepotential2036]

wow. Thank you very much. very informative and clear some of my confusions.

[@TrendLizard]

So glad to help! If you want to see this stuff work in real time, come visit us at TrendLizard.com!

[@biglux9436]

Absolutely killer content, appreciate this lesson and your smooth assed teaching of it so very much - happy trading mate

[@TrendLizard]

Lol Nice! Glad to help, happy trading to you as well!

[@elit3268]

another fantastic video. thank you.

[@raunakbajaj6174]

Awesome simple and accurate

[@munnefilm]

Very interesting and certainly educational. Thanks for your explanation I will definitely follow you and watch more videos from you. Not only a good and understandable explanation but also a nice voice and way of talking 😀👍

[@TrendLizard]

I really appreciate the kind words! If you want to learn more about Elliott Wave or see it work in real time, come visit at TrendLizard.com!

[@vineetverma4547]

Excellent education imparted on this topic. Thanks for sharing.

[@TrendLizard]

Very glad to help Vineet!

[@eliyasthomas]

Nice work absolutely you made it simple thanks a ton

[@TrendLizard]

Love to hear it, thanks for the feedback!

[@freewizard9731]

Very helpful. Thank you!

[@TrendLizard]

So glad to help!

[@konda7901]

Great Stuff. Really helpful. Thanks @ TrendLizard

[@TrendLizard]

Glad to help!

[@epartsacc]

Excellent content Bro

[@TheJ000ker]

That was definitive, thanks

[@darryld1487]

Thank you for sharing.

[@alphazed4067]

Good Information...Good Video!

[@Cumayas]

Thanks for sharing..

[@JC-618]

Very true and helpful suggestions at the end of the video.

[@TrendLizard]

Thanks for the feedback JC, glad to help!

[@johnsonning2217]

Good stuff. Really helpful. Thanks!!!

[@TrendLizard]

So glad to help! We do this stuff in real time every day at TrendLizard.com, come visit!

[@rateastefan1007]

thanks for the vid!

[@tuwalee7406]

One of the best videos I've seen on elliot wave corrections! Thank you.

[@TrendLizard]

Glad to help Tuwa, thanks for the kind words!

[@pragmaticno1630]

other one?

[@Feldspar__]

What a great video. Subscribed.

[@TrendLizard]

Thanks, much appreciated!

[@albertol2670]

Thx for what you do.

[@TrendLizard]

Glad to help Alberto!

[@blessings9204]

Thank you Ryan

[@TrendLizard]

So glad to help!

[@niro56]

Thank You

[@minm1159]

The best EW video!

[@dABiGfATLol]

this was sick love it :)

[@TrendLizard]

Glad to hear it!

[@wanjikuwanjiru828]

You are just ! Amazing. Thankyou

[@TrendLizard]

So glad to help! Come visit us at TrendLizard.com!

[@zebedeemk12]

This is an excellent video. After watching many videos on Elliott Wave corrections and complex corrections, this video has helped me the most. Thank you

[@TrendLizard]

Thanks Graeme, glad I could help!

[@mtnb2020]

شرح مفيد شكرا لك 👍

[@melcoool]

a million thank you Ryan for your kind effort and dedication to share and educate anyone that is interested to have a better edge when trading...... Thank You!!

[@asifalitcps]

This is hidden treasure. I will try it out

[@TrendLizard]

This stuff works; let me know if you have any questions as you go!

[@lawrencebyron4619]

thanks mate

[@avinashjadhav2436]

i am from India, and i love your videos and explanations, your video, "Worlds simplest elliot wave" is also good

[@TrendLizard]

Thank you, glad to help!

[@theotromp9174]

Awesome video! I am currently looking at the entire playlist and you explain everything super clear! Definitely recommended! Question though regarding the triple correction, At 21:26 you explain that the share wasn't ready to resume its uptrend. What do you mean by that? I can see a 5 wave move from C to X (second in the image). Thanks in advance

[@coltenjosephhenrysbestyout8746]

Thanks for the feedback! I just meant that once a single correction completes or double correction completes, there’s an opportunity for price to resume the trend. If it doesn’t, then it must not have been ready to resume the uptrend. I hope that makes sense!

[@brandonw5892]

thank you so much for your knowledge. it is very helpful as I adjust starting to learn EW by myself. thank you very much!

[@TrendLizard]

Hi Brandon, very glad to help! Let me know what other questions come up. And when you're ready to learn more about using it in real time, come visit us at TrendLizard.com!

[@brandonw5892]

@@TrendLizard so as I stated, I am very interested in learning EW, so if I were to subscribe to trendlizard, are your analysis videos or charts when you do your updates on market and such, so I can see how you charted it out? Also do you chart cryptos? Thanks. I tried to contact you via Twitter on your website but it appeared you haven’t been on there in sometime and I don’t use Facebook. Apologies..

[@TrendLizard]

@@brandonw5892 yes, pretty much everything we do is shown on a chart to explain the Elliott Wave count. Also yes, I cover GBTC, which is an ETF that follows bitcoin. I have not had as much success with other cryptos so currently do not cover them every day. Yeah I kinda forgot about Twitter after I realized it was just a bunch of people trying to sell things to one another, KZbin has been a much better platform for what I do. In the future, you can reach me directly via email at [e-mail]. Let me know if you have any other questions!

[@brandonw5892]

@@TrendLizard I don’t know if it’s just cause I’m a beginner but it seems harder to EW cryptos, it doesn’t seem that they follow the EW rules as good, or that could be just me, thanks, I will be checking your service out, thanks

[@TrendLizard]

@@brandonw5892 Not all things lend themselves perfectly to EW, especially if they're not widely traded. Let me know if any other questions come up!

[@ohlakabe]

Wow.Thank you~~~

[@Scalper-yt4nh]

please upload video on correction patterns fibonachi levels

[@nicolasbarry4571]

Hi firstly want to say thanks for the videos and effort really helps to see the right way from sincere fellow trader, could you pls do a video on Gold current structure seems to be double ABC down and several subwaves abc up and down forming a wedge ABCDE but not sure i have A at the right start

[@TrendLizard]

Hi Nicolas, thanks for the feedback and kind words! We follow GLD (Gold ETF) every day at TrendLizard.com and we seem to be on the same page. It looks like a double ABCXABC. In my estimation it's either still in that second B wave or starting the C wave down here. Either way, no sign of a low yet but could be getting closer. I hope that's helpful!

[@roullet3962]

18:31 wave B is very similar to the five, because wave 4 does not cross the beginning of the first wave.

[@spencerwinston4334]

Ryan, first rate analysis of EW corrective moves. Trying to surf/trade corrective waves can be as challenging as trying to ride a big blue Hawaii wave Laird Hamilton style without a jetski. If possible, at some convenient time please do a short video on the transition after a 5th wave is achieved. After 5th wave is over, do you automatically start looking for an EW going the other way or is there an intermediate in the doldrums price action that EW experts look for and time stalling action before you can begin an EW in new direction. After 5\th Ave achieved, what is the counter wave you target for the next move, the bottom of the 4th wave perhaps. Please give EW afficianados your perspective on targets after 5th wave achieved. Best Regards, and thank you for sharing your vast trading expertise with traders in US and across the world. New US subscriber.

[@TrendLizard]

Hi Spencer, Thanks for the kind words! Regarding the transition, the easiest answer is that we look for that five-wave move to be corrected. The basic expectation is for the five-wave move to be retraced by 38.2% to 61.8%, at which point the next five-wave move would begin. The tricky part is if the five-wave move was, for example, the 5th wave of an even larger five-wave move. Basically, we're looking for the Largest five-wave move that completed to be corrected by 38.2% to 61.8%. Good idea to make a video about it, I'll go to work on it!

[@oliverrocha9650]

Great video Ryan. Quick question do you believe the elliot wave theory applies to crypto trading as well?

[@TrendLizard]

Thanks Oliver! It does apply to Crypto as well, at least the major ones that have adequate volume and are good representatives of changes in social mood. We follow Bitcoin every day at TrendLizard.com and may soon add Ethereum as well. Come visit!

[@he730]

You are the best

[@TrendLizard]

Much appreciated, h e!

[@tibor439]

Fascinating stuff ... Am I missing something in the first example? How is that a 61.8% retracement of the whole move up?

[@TrendLizard]

Hi Tibor, The up leg off the early 80s low into the 2000 high was retraced by almost exactly 61.8% by the 2000-2009 pullback. I hope that makes sense of it!

[@Akshadeep27]

Hi, checked u r reply to me to watch corrective waves video....Will update u if I need more from you, anyways thank you for u r quick reply, cheers

[@stevedunphy6253]

Hey man, good videos, learning a lot. K man, i think you need to help us out with how your defining your corrections. Example 18:22 min mark of this video. The C Wave of the running flat has 3 EXTREMELY definitive corrections that you dont use. You go all the way to the bottom for (3) then up to (4) and down. This seems so subjetive and almost arrogant (not calling you arrogant, just the fact that thos extremely large pull backs like from 158 back up to 165.5 are ignored). Generally Is it the percentage of length of 1 vs. 3 that makes you ignore all the pullbacks in the middle? Need some clarity here brother.

[@TrendLizard]

Hi Steve, Thanks for the feedback! Regarding that C wave down, I should have labeled those big swings, but the thinking to me is that those are the subdivisions of the 3rd wave decline, a five-wave move as it should be. I hope that makes sense, if not let me know!

[@duhtraders6477]

Have you ever applied Eliot Wave to the Volume Indacator? I was looking at a chart of PTON and it's clear to see the 1,3 and 5 waves. I wondered if there might be something to this?

[@TrendLizard]

I have not, which volume indicator are you looking at?

[@kerkleblanc7690]

Thanks great video. Do you believe that wave 3 HAS to be the longest wave?

[@TrendLizard]

Hi Bob, Thanks! Wave 3 doesn’t have to be the longest impulse/trendy wave, it just can’t be the shortest.

[@elit3268]

@@TrendLizard silly q. ideally it is the longest though? does it matter if its longest in duration or largest percent increase vs. 1 and 5?

[@MP...023]

nice

[@MrQqt]

Hi Ryan, what happens if the correction is more than 62% of the previous 5 waves? does that tell us anything about the future trend movments?

[@TrendLizard]

Great question. If the correction is more than 62%, it tells us that in all probability, the pullback is correcting an even larger five-wave move (i.e. the five-wave move that was retraced by more than 62% is wave 5 of a larger fiver). Basically the trend has turned down on a larger time frame. I hope that helps!

[@sikhumbatouch]

Powerful tool, just like any other tool used incorrectly, you will mostly hurt yourself. When to place a trade?

[@TrendLizard]

Ideal scenario - once we get a completed countertrend form and then begin to see trendy movement in the direction of the trend.

[@RajahSaheb]

So for the CSCO double correction (SEP-2015), one wouldn't know the second move was a correction until 5 didn't occur ? Your ABC label could be a 1234 with a failed 5 ? Thanks for the great videos. Picked up way more watching them than anything else. 🙏

[@coltenjosephhenrysbestyout8746]

Double corrections can unfortunately be tricky like that, that’s why we are constantly testing the new move to see if it’s trendy or not. The second it proves to be a countertrend move, we know that a larger pullback will form.

[@sebsefyu]

awesome. Looks like were now in B wave on spx. Would be nice to see ur thoughts NOW.

[@TrendLizard]

Hi Sebastian, I agree, looks like a B wave to me that is not yet complete. I'd like to put out more videos but it's a time crunch right now, I spend most of my time posting updates at TrendLizard.com, we update the Elliott Wave count for every market segment every day of the week.

[@davidcolburn2604]

@@TrendLizard We appreciate your market segment updates but your videos are truly best of breed for this complex topic. I became a paid member of TrendLizard specifically to do my small part to help you grow your staff and your business, to avoid sacrificing the quality of your videos as you keep up with the pace of market moves and the rapid growth of ETFs. I hope others will make that same small investment in your services.

[@TrendLizard]

@@davidcolburn2604 Your support is very much appreciated, I'll keep it coming!

[@zlss1]

Can two different corrective moves attach themselves to each other in the over all correction phase?... for example a 5-3-5 followed by a triangle pattern?... i saw later in the video that u said the double correction can consist of both... excellent teaching.. subscribed

[@TrendLizard]

Great question and the answer is yes. You can get a double correction (like a flat plus a triangle) or a triple correction. Each correction is separated by an X wave, just a corrective move that should take a three-wave form. Let me know if you have other questions!

[@zlss1]

@@TrendLizard i will thank you and i appreciate your response !

[@LaheemTheLadiesDream]

Great video. Quick question, how do know that the corrective wave pattern won't result in a bull market turning into a bear market?

[@TrendLizard]

Hi Kevin, the key is the form of the pullback. If a new bear market is beginning, we'd see trendy downside action on the smaller time frames to pave the way for the much larger bear move. If instead the pullback is corrective on a small time frame, it is a safe bet that it's setting up higher prices instead. I hope that helps!

[@LaheemTheLadiesDream]

@@TrendLizard Very helpful, much appreciated!

[@victortran2408]

What do you use for your log graphs? I use trading view but when mapping on fib levels everything gets messed up to do the log

[@TrendLizard]

Hi Victor, I use StockCharts.com, it's been around forever and isn't as dynamic as TradingView, but I find its chart annotation capabilities to still be the best. I hope that helps!

[@GauravKumar-xf4rr]

How effective would this be in terms of day trading on smaller time frames? Would one be required to research back into several years to identify the patterns.

[@TrendLizard]

The idea behind fractals (which is what Elliott Wave is based on) is that the same pattern happens on all time frames. I think Elliott Wave is a good tool for the day trader to use to get a better grip on the direction of the dominant trend on different time frames. But in my experience, if you try to trade the Elliott Wave pattern on minute-by-minute data, it's difficult and you'll find more fake patterns than you do on the larger time frames.

[@uekikosuke3601]

nice question thanks

[@JavedIqbal-yw1hv]

A difficult topic explained in a simple way

[@TrendLizard]

It doesn't have to be as difficult as most people make it - glad to help!

[@melcoool]

btw, was wondering if we can use EW for bitcoin trading due to its high volatility and do you provide professional services for FX trading (something like you provided for ETF?) .... hope my question make sense to you :)

[@TrendLizard]

Thanks Melcoool, glad to help! You can use EW for bitcoin trading as well as FX trading. We cover all major currencies at TrendLizard.com via their ETFs (like UUP for US Dollar, FXE for Euro, etc), as well as the only ETF that covers Bitcoin (GBTC). I hope that helps!

[@leovelvetti4134]

Thank you for this nicely put educational video. I have a question after watching, why cant we count giant 91-00 as 1 and C as 2 , of a super grand cycle? Because if we do, then it changes the whole wave count up until recent days... Keep it up , you are better than the most.

[@TrendLizard]

I'm confused by the question, could you clarify and I'll do my best to answer!

[@leovelvetti4134]

You’re right it is confusing. My question is if or why we can(‘t) count giant wave (starts from 1991 and ends 2000) as wave 1 of a super grand cycle, and then accordingly counting wave see as wave 2 (that comes after our giant wave 1). I hope it is clearer now ... sorry about that :)

[@TrendLizard]

@@leovelvetti4134 So wave 1 up from 1982-2000, and wave 2 from 2000 high into 2009 low. Is that what you're referring to? That is certainly possible. I don't try to label the pattern on any time frame larger than the time frame shown on the video.There was price movement that happened prior to the data I have, and the farther back we get, the less reliable the data is. So yes it could be a big 1 and 2, but I'm not confident enough either way to know for sure!

[@leovelvetti4134]

Yes that is exactly what I was asking.it was rather a technical question though.so it is possible to count them that way.thanks for your answer. Keep up the good work.cheers

[@j.o6885]

Great question and answer combination. I too think that it might not be worth it to label the larger waves,that is unless you are interested in trading said larger waves and if so it might be more useful to be looking at a larger time frames for those waves

[@velious2121]

How am I supposed to trade oversold rsi signals if I'm not supposed to trade corrections, since that's where most of these signals occur?

[@TrendLizard]

The idea would be that an oversold RSI signal would occur near the low of the corrective move. This would be a good ancillary signal to put us on guard for a low and can then look to buy any trendy price action that appears on a near-term time frame. I hope that helps!

[@michaelalexander-kq8gh]

Question. I understand that corrective moves come after a 5 way impulsive move. Let’s say that 5 way move is bullish and the corrective 3 way move is therefore bearish. So How does the market move to a bearish impulsive move? Can it do a bearish 3 way corrective move then move straight into a bearish 5 way impulsive move. How does the larger trend change. Thank you

[@TrendLizard]

Great question. On a large enough time frame, all downside moves will ultimately take a corrective three-wave form, because that is the nature of things - we progress forward and upward. But if you are looking on the smaller time frames - for example, the decline that took place on the Nasdaq off the 2000 high, that initial down leg into the 2002 low was very impulsive in nature. Ultimately, that impulsive down leg proved to be wave A of an ABC pullback that ended in truncated fashion in 2009. So that's the best example I have of a trendy down move - just keep in mind that, at least for the market indexes (which are the best gauges of changes in social mood, which is what we're after with Elliott Wave), all declines will eventually prove corrective, even if it takes 10 years to play out. I hope that helps. Come visit us at TrendLizard.com!

[@michaelalexander-kq8gh]

Thank you very much for your reply i really appreciate it

[@JaymeSilverstein]

After a completion of a larger upward 5 wave move is it ALWAYS a downward ABC corrective move? Is there ever a complete trend change with a down ward 5 wave move?

[@coltenjosephhenrysbestyout8746]

Great question. It’s a matter of how big the change of trend is. If we complete a 10-year advance, it should be corrected by a very large multi-year ABC pullback (for example the 2000-2009 pullback). On the smaller time frames, that pullback will absolutely give us trendy five-wave down moves. However on the very large time frame, the pullback will ultimately prove to be an ABC, even if it takes 9 years to play out. I hope that makes sense!

[@JaymeSilverstein]

@@coltenjosephhenrysbestyout8746 What would say is going on right now in the crypto markets? IS its an ABC or 5 wave downward?

[@ChaiBronz]

the corrective retracement box you drew in yellow is nowhere near a 38.2% to 61.8% retracement of the previous 5 wave move though? Edit: or am I being thrown off by that price scale?

[@TrendLizard]

I think the scale is getting you, it's a log scale. Measure from that 1982 low to the 2000 high. I hope that clears it up!

[@Dana-712FifthAve]

During that corrective move, if you can’t trade them, wouldn’t you have to potentially wait a decade before even thinking of doing profitable trades tho? I guess you could look at bonds or commodities while you wait?

[@TrendLizard]

If the corrective move is happening on a large enough time frame, you'll end up trading it. For example at the 2000 high, there was definitely a play to be made on the short side. Only later on do we realize that it's one massive countertrend move. But if you're getting trend changes that look to last several months or even years, then you definitely end up trading them.

[@Dana-712FifthAve]

TrendLizard got it, thanks!

[@LeeLikesRice]

Question about the correction from a to b. Couldn't it be said that there was a 5 point trend within the correction and not making it truly a correction?

[@TrendLizard]

Are you referring specifically to the big B wave recovery on the S&P 500 in the video? If so, a case could have been made in real time that this advance was a five-wave move. But it ultimately proved to be a B wave for a fact, once a massive C wave decline completely retraced it to create a larger ABC pullback. Sometimes we don't know for sure whether a recovery is the resumption of the uptrend or a B wave. We continue to test the move at every opportunity to determine which is the case. The biggest tell is when the move in question is retraced by more than 61.8%. We can also look at other indexes/markets/stocks to see how the same move looks on them to see if there are any clues there. I hope that helps!

[@LeeLikesRice]

@@TrendLizard that helped a lot. broke it down so I could understand it better. Thank you very much for your time and knowledge.

[@batanaichitauro4348]

Hello mate, this is really nice, however please explain to me how you determine pivots of your waves. Thank you

[@TrendLizard]

I don't fully understand your question, please clarify. Bottom line is that we're looking for patterns to complete, and then we're looking for a reversal. If it's a trendy move, we're looking for a five-wave move to complete, then once we see price reverse with any purpose, then that's an indication of a larger reversal. If it's a countertrend move, we're looking for clues that the three-wave move has ended.

[@batanaichitauro4348]

@@TrendLizard i was just wondering how you determine pivots of these waves. What i mean by this is how do you say im taking this pivot to this pivot as my wave 1, then this as my wave 2 and so on. seeing as though there could be so many pivots you can choose from

[@TrendLizard]

@@batanaichitauro4348 I think I understand now. Each trendy up leg (waves 1, 3, and 5) is made up of its own five-wave pattern. It's a fractal; the overall pattern is a five-wave move, but also each individual trendy leg is a five-wave move. So each pivot point is expected to occur upon the completion of a smaller five-wave pattern. I hope that makes sense of it.

[@batanaichitauro4348]

@@TrendLizard ahhhh aha moment! that makes sense! thank you so much

[@TrendLizard]

@@batanaichitauro4348 Glad to help!

[@ampiciline]

sir , i am very sure that we are in LATE wave 5 of ( s& p 500 ) now , ( Aug/08/2020 ), I am a VA employee with TSP ( 401 ) , getting close to retirement in 2 years ..... I want to get into wave 5 and have a piece of pie , but i am so scared , my bad luck , the wave 5 suddenly stops ....in your view and base on your "Feb extensions" , how much longer wave 5 is continuing ? market closed at 3351 on aug/7/2020

[@TrendLizard]

When you say wave 5, what time frame are you talking about - the recovery off March's low or the entire advance off the 2009 low? The key either way is to control your risk. You can participate in any move as long as you know where the pattern will indicate a high and be willing to exit at that point. Clarify the time frame you are referring to and I'll try to provide more detail.

[@ampiciline]

@@TrendLizard Thank you so much for replying fast ( you are awesome) ..... I am talking about time frame ( March- 2020 -----> Aug / 07 /2020 ) , 1,2,3,4,5 Elliot waves beautiful formation ( trending waves ) ( s& p 500 chart ) , i can see clearly the completion of pull back( corrective ) move ( 4 wave/triangle side way contracting ) ( 3-3-3-3-3), right after motive move of trending 3 wave ....... I am 100% sure that The motive 5 th wave has started already but i can not see clearly the ( 1,2,345, ) inside the Final terminal of 5 wave ......please please help me in which stage of final /terminal 5 th wave we are .

[@TrendLizard]

@@ampiciline So where does your 4th wave end? I have it ending in late June in a truncation, and from that low there is a fairly clear five-wave up move that could be near an end. If SPY were to move below 312 (which is around a 61.8% retracement of that 5th wave up off the late June low), it'd be solid proof that the up leg off March's low is over. That doesn't necessarily mean a major high would be in, but it'd set up at Least a correction of the March-current up leg. Of course no payment required, glad to help!

[@ampiciline]

@@TrendLizardso , you are saying we are at the end of 5 -wave up ? bummer ....I guess have to wait for the start of next 5 wave cycle ..... I missed the whole ride ( i just learned Elliot principal last week ) .

[@TrendLizard]

@@ampiciline There will always be opportunities, stick with it!

[@streamofthought8662]

what does XLE look like? running correction to me

[@TrendLizard]

Do you mean currently? I have XLE nearing the end of a big B wave down within an ABC recovery off the 2020 low.

[@streamofthought8662]

@@TrendLizard yea, im listening to another guy whos count shows we are currently in the wave 5 of a larger wave 3 on the way down.

[@TrendLizard]

@@streamofthought8662 That down leg in June/July (your guy's 1st wave) looks more like a three-wave to me, which is why I think the entire pullback off June's high is a big B wave. A move above 34.00 would create overlap and would suggest that it is in fact a B wave and not a trendy decline.

[@streamofthought8662]

@@TrendLizard than you for the reply i am goin to play around with it on the chart :)

[@joncorona6373]

Umm. excuse me mr lizard, Why don’t you use renko bars? it’s so much cleaner...look at your chart it looks like Scribble scrabble man.

[@TrendLizard]

Not a bad idea - renko is clean - but I need all that detail!

[@joncorona6373]

@@TrendLizard your absolutely right about that one. We need all the details we can get.

[@j.o6885]

Sad how a majority of traders shy away from this theory

[@TrendLizard]

It's not for everyone, but for those who put in the work, it provides a ton of value!

[@selinagooglethestvekstrate8102]

Tutorial muy educativo con información bien detallada que aprecio, *The Semyon Tchernenko Strategy* fue la única forma en que pude obtener resultados. Puedes googlearlo

[@bahdeng08]

You earn My Subscription Please Do on Forex

[@stargazer8085]

THIS VIDEO IS FAR FROM COMPLETE..YOU LEFT OUT SLOPE ANALYSIS OF THE C VS A WAVE; FIB RATIOS; NO INTRADAY EXAMPLES...ETC NOT GOOD

[@uekikosuke3601]

you must be an elliott remnant