Finding the End of an Elliott Wave with Precision

Learn how to improve your success rate in identifying the end of an Elliott Wave by analyzing price action, momentum, and volume. This article provides a step-by-step guide using the SPX500 as an example and explains how to apply this methodology to other markets like forex and cryptos.

Finding the end of an Elliott Wave is no easy task. Those who attempt it often end up frustrated because, before pinpointing the actual end, they face several consecutive losses that exhaust them mentally, leaving their losses to outweigh their gains. The good news is that we can improve the precision of identifying the end of a cycle by analyzing price action from different perspectives, increasing the probability of success.

In this post, we’ll show you how it’s done and the steps to find the end of a wave with less effort and greater confidence. In the SPX500, we were looking for the end of Wave Two to follow the bullish movement. By incorporating momentum analysis through the MACD and volume and price behavior, we can pinpoint where the price marks the wave’s end. At that moment, we switch to a lower time frame to refine the entry point, reduce the stop-loss distance, and multiply the trade’s outcome by improving the risk-reward ratio. You might wonder if this methodology can be applied to other markets, and the answer is a resounding YES. We use tick volume to approximate actual volume in decentralized markets like forex, cryptos, etc. This information is sufficient to validate trades and confirm operations. Wishing you a great start to the week and much success in all your trades

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