Applying Elliott Wave Theory Profitably Pdf Upd Access

Let’s apply this theory. Imagine you see SPY on the 4-hour chart.

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(There must be clear "daylight" between the peak of Wave 1 and the bottom of Wave 4). 3. High-Probability Trade Setups Let’s apply this theory

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Waves 1, 3, and 5 move in the direction of the primary trend, while Waves 2 and 4 are minor "breathers."