Rules for Type 2 Trades:
This strategy is based on Advanced GET Elliott Wave study and is not subject to the Dynamic Trader rules or tools.
Type 2 is used for trading at the end of a fifth-wave rally.
- When wave five makes new highs, make sure the Elliott Oscillator shows divergence with its wave three peak. 94% of the time, this oscillator should pull back to zero in wave four
- When five waves are complete, the market changes trend. Wait for the price to cross the channels and sell the market
- The initial target is the previous wave four
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