"by the way, your program is excellent, works great on all timeframes, I really like cycling through timeframes from daily down to 3 minute to find the best looking setups. Its very straight forward.I have tried useing Advanced GET and some other Elliott tools/methods but to me they are more or less useless. Your method stands alone and I belive its your "Isolation" approach that makes it work so great, not to mention the risk management methods you recommend as doing everything as factors of 1 unit of risk. Great work."
Jerod, Private Trader
The rule of Alternation There is a general tendency for the pattern of the two corrective swings in a completed 5-wave sequence to alternate between a simple (very often an ABC) correction and one of the more complicated or “complex” Elliott corrections.
This is a very helpful observation, because if Wave 2 unfolds as a simple ABC correction then the probabilities will favour that Wave 4 will unfold as a more complex correction. And vice-versa, if Wave 2 is complex, then you should anticipate that wave 4 is likely to unfold as a simple ABC pattern.