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Elliott Wave 4 Theory

I do use MTPredictor everyday though (with NinjaTrader) – its as good as I’ve seen at picking tops and bottoms and I’ve been trading since 1995.

Chuck, 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 Theory

Elliott Wave (4) usually unfolds as a complex correction

Elliott Wave (4) although being corrective, can be tricky to trade. Prices may meander sideways for an extended period, and Wave (4) typically retraces less than Wave (2) did. Volume is well below than that of wave (3). However, Wave (4) can still offer a buying opportunity if you understand the potential ahead for wave (5).

A such, Elliott Wave (4) is the correction before the final Wave (5) swing
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