Measure Wave 3. Look for a pullback to the 38.2% level.
Long (Buy) – End of Wave 2 correction. Timeframe: 1-hour or 4-hour charts (avoid intra-week noise). elliott wave fibonacci high probability trading pdf download
Move stop loss to breakeven when TP1 is hit. Trail stop loss using the 20-period EMA. Measure Wave 3
When combining Elliott Wave and Fibonacci analysis, traders can identify high-probability trading opportunities by looking for confluences between wave patterns and Fibonacci levels. elliott wave fibonacci high probability trading pdf download
Let’s build a real trading checklist based on the Elliott Wave Fibonacci method. This is what you will find detailed in the downloadable PDF.