Applying Elliott Wave Theory Profitably Pdf ^new^ ❲CERTIFIED❳

| Wave | Characteristic | Trading Action | |------|----------------|----------------| | | Often looks like a pullback | Watch, don’t trade | | Wave 2 | Sharp retrace, must hold above start of wave 1 | Place limit order at 61.8%–78.6% retrace of wave 1 | | Wave 3 | Longest, strongest, breaks trendlines | Add aggressively on pullbacks within wave 3 | | Wave 4 | Shallow, sideways, doesn’t enter wave 1 territory | Trail stop; prepare for wave 5 | | Wave 5 | Divergence common (price up, momentum down) | Take profits progressively |