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Elliott Wave 2 Rules

"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."

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Elliott Wave 2 Rules

Elliott Wave (2) cannot retrace past the start of Wave (1)

If Wave 2 retraces past the start of Wave 1, then it cannot be considered a Wave 2 and the current wave structure must be reconsidered.

This cannot be considered a valid wave count, because Wave (2) has traded below the start of Wave (1), so this wave count must be re-considered.

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