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Elliott Wave 4 Rules

"It's convinced me even more than MTP is designed on the correct principles of money and risk management and that you don't need a high % of wins to make money. Right now I'm working full time during the day but I can't wait for summer holidays so I can start trading during the day instead. I've found so many other software vendors don't tell you anything about money management or managing trades or especially risk management, and can see why 90% of traders lose money. I must say that MTPredictor is the best when it comes to teaching the real way to trade by trading the numbers. Thanks so much and keep up the great education as it is what makes this company outstanding compared to all the rest out there."

Chris, Private Trader

Risk Disclaimer Testimonials herein are unsolicited and may not be representative of the experience of other Customers and is not a guarantee of future performance or success.

Elliott Wave 4 Rules

Elliott Wave (4) cannot retrace into the area of Wave (1)

If Wave 4 retraces into the area of Wave 1, then it cannot be considered a Wave 4, and the current wave structure must be reconsidered.


Here Wave 4 has retraced back below the high of Wave 1, which would be in breach of the third rule, so this wave count is incorrect and must be re-considered.

GoTo General observation…

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