Stop trying to predict the top or bottom. Wait for the correction to finish. Identify if it was "Simple" or "Complex." Enter the next impulse only if the structure matches the expected follow-through.

The Elliott Wave Principle, developed by Ralph Nelson Elliott, is a method of technical analysis used to predict price movements in financial markets. The theory proposes that prices move in repetitive cycles, which are divided into waves. These waves are further subdivided into smaller waves, creating a hierarchical structure. By understanding the patterns and relationships between these waves, analysts can identify potential trading opportunities.

: Concepts are presented in the exact order they should be applied to a live chart to remove guesswork.