As I am just learning to use the software I took it only on SIM, but I have to say that I was blown away by the results. It was profitable right from the start, and quickly moved up 80 ticks to the minimum wave C projection - one of the most perfect trades I have ever seen. Congratulations on putting together an amazing trading methodology and software
Richard, Private Trader
Elliott Wave Theory interprets market actions in terms of recurrent price structures that follow the Fibonacci sequence. Basically, Market cycles are composed of two major types of Wave : Impulse Elliott Wave and Corrective Elliott Wave. Impulse wave can be sub-divided into a 5-wave structure (1, 2, 3, 4, 5), while a corrective Elliott Wave can be sub-divided into a 3-wave structures (a, b, c).
For more a more detailed look at each Elliott Wave, click on the links below: