Elliott wave trader buy at the low of wave 1 and 3 while exit at 5th wave buying at the low of 1st wave or 2nd corrective wave give you numbers for both sl and tp. since 3rd wave always move beyond the high of 1st wave and longest among 1,3 and 5, catching 3rd wave alone gives you enough profit. if you buy at 2nd corrective wave you put your sl below low of 1st...
in parallel channel there are two trend lines parallel to each other. You buy/sell at trend line. near the yellow arrow sign. you multiple resistance trend line fib retracement previous support now turned into resistance trade always have two part Entry and exit you have multiple resistance to sell and you exit at 100% projection of wave at lower trend...
this is visual guide to Elliott wave buy low sell high when you draw 135 bullish impulsive wave and abc corrective wave every support and resistance become visible. Guidelines Wave 2 never retraces more than 100% of wave 1. Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5. Wave 4 does not overlap with the price territory of...