Elliott Wave: do you count waves?

Elliott Wave theory says markets move in five-wave impulses and three-wave corrections — a framework traders have argued about for decades. The counts are subjective, the pattern recognition is powerful, and the camps never meet.

Elliott Wave: do you count waves? — trading sessions clock diagram
The four forex trading sessions across a 24-hour day

What's your experience?

  • how you use wave counts in practice
  • the rules that keep your counting honest
  • why you gave it up, if you did
Elliott Wave: do you count waves? — candlestick anatomy diagram
The parts of a candlestick: wick, body, open and close

The chart patterns guide overlaps with some wave ideas.

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