Rules for Type 1 Trades:
This strategy is based on Advanced GET Elliott Wave study and is not subject to the Dynamic Trader rules or tools.
Type 1 is used for trading at the end of a fourth-wave retracement.
- Wait for the Elliott Oscillator to pull back to zero. Historically, this happens 94% of the time in wave four retracements
- Make sure the Profit-Taking Index (PTI) is greater than 35. A PTI greater than 35 indicates a good possibility of new highs in wave five
- When prices break the channel, buy the market for a wave five rally
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