Recent content by evanpattern

. Gold Signals and A single zigzag in a bull market is a simple three-wave declining pattern labeled A-B-C. The subwave sequence is 5-3-5, and the top of wave B is noticeably lower than the start of wave A, as illustrated in Figures 1-22 and 1-23 In a bear market, a zigzag correction takes place...

WAVE DEGREE All waves may be categorized by relative size, or degree. Elliott discerned nine degrees of waves, from the smallest wiggle on an hourly chart to the largest wave he could assume existed from the data then available. He chose the names listed below to label these degrees, from...

Planning your exit Since no human can see into the future, unfortunately new and experienced traders alike will sometimes have to contend with losing trades. Emotions can run high at these times. Watching your hard-earned money being depleted from your account is an uncomfortable...