Identifying Corrective Wave in Elliott Wave

Identifying Corrective Wave in Elliott Wave

This is really quick guide on how to identify Corrective Wave in Elliott Wave. In Elliott wave, the corrective wave has the structure of Wave abc. We can have simple five steps to identify Elliott wave ABC with Structural Score.

Step 1: Look for 2 x EFW in the indicator window

Step 2: Click Correct button from menu

Step 3: Click over 2 x EFW button in indicator window

Step 4: Click Draw Line button

Step 5: Double Click on Wave C to check Wave Score

Also note that Structure Score over 85% is good and acceptable typically.

Also provided price level is an important support and resistance for your trading.

This is really quick guide line on how to use Elliott Wave Trend. We provide more articles and manuals on our product page.

Visit below link for more information about how to use the powerful features of Elliott Wave Trend.

https://algotrading-investment.com/2018/10/25/how-elliott-wave-can-improve-your-trading-performance/

Here is the links to our Elliott Wave Trend:

https://www.mql5.com/en/market/product/16479

https://www.mql5.com/en/market/product/16472

https://algotrading-investment.com/portfolio-item/elliott-wave-trend/

 

Identifying Corrective Wave in Elliott Wave

 

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