Identify a clear Wave 1 impulse and wait for Wave 2 to pull back.
The Ultimate Elliott Wave Cheat Sheet: Master the Market’s Natural Rhythm
To execute high-probability trades using this cheat sheet, focus on the two most lucrative setups in the entire 8-wave cycle. Strategy A: Trading the Wave 3 Surge
If Wave 2 is a sharp, deep correction (like a Zigzag), Wave 4 will likely be a sideways, shallow correction (like a Flat or Triangle), and vice versa. Market corrections rarely repeat the same structure back-to-back. Wave Extensions
Ensure Wave 2 doesn't go below the start of Wave 1, and that Wave 4 doesn't violate the top of Wave 1.
Disclaimer: This article is for educational purposes only and does not constitute financial advice. Trading financial markets involves significant risk. Past performance is not indicative of future results.