Client Login

The initial swing

After two weeks on SIM mode, two days live, two trades, two wins ($3500 two day total) at 1%R. MTP seems to be an exceptional tool kit ...

Win, Private Trader

The initial swing

The initial swing off a completed 5 wave sequence often find support/resistance at the price minor Wave (4)

Again, this is a very useful observation as it gives you an approximate target for the first swing of the correction following the end of a completed 5-wave sequence. In Elliott wave terms this is the Wave (1orA)

Here you can see how the first swing off the Wave (5) high found support "in the area of" the price level of the prior minor Wave (4). In practice this area is usually slightly exceeded, and support is found just beyond this prior Wave (4) level, this is usually at the Decision Point (DP) level form the prior Wave (4).

Next…

Sign-up for News, Offers & Updates:

To Top