"Steve: I have been using MTP for 5 months now and I wish to thank you very much for sharing MTP. Your knowledge and communication skills are very much appreciated and the addition of the blog is really great.MTP amazes me almost everyday with the setups. I have focused only on the E minis with MTP and I could have not done this without your guidance in the trading course and from the online videos. Really, many thanks for all you do. And again, I really appreciate what you have done by offering such a great program and most importantly offering yourself with videos and posts that continue to show your true dedication to help people like me learn. thanks very much."
Steve, 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.