Spotting a trend change on Elliot Wave

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- AIMS Box Indicator previously AIMS Levels
- AIMS Gator previousl AIMSiGator
- AIMS Entry Alert
- AIMS Wave - aka AIMS AO
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msk185
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Posts: 390
Joined: 22 Dec 2011, 11:22
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Spotting a trend change on Elliot Wave

Unread post by msk185 »

Hi
I've been re-reading all the manuals this weekend and I have a question in relation to Elliot Wave.

Accepting the 1-5 impulse wave followed by the abc correction phase, is there a way to spot if the correction is simply a correction prior to a second set of impulse waves or if the correction is more indicative of a change in trend?

Thanks

Mike
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Grant
Posts: 943
Joined: 14 Aug 2011, 14:52
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Re: Spotting a trend change on Elliot Wave

Unread post by Grant »

Hi John,

Apart from hindsight the only way is to go up a TF and see where that count is. So if the higher is at the end of a 1-5 as well then it could well be a trend change..

Cheers
Grant
success = patience + discipline - greed
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