For traders who desire to avoid the difficulties of wave counting various other methods have been used to provide good trading profits. . Wave is the corrective wave that follows wave correcting and diluting the gains you can get during the impulse wave upwards.
Translated into day trading what is needful for the forex trader is just to ensure a software that can identifies in real time and to a good accuracy the various waves involved. Wave is the beginning wave and comes after a period of consolidation that signifies the end of a th wave.
Now armed with this simple non complicated understanding of elliot waves we know that wave and are the longest waves that can be tradeable for most gains and are impulsive waves upwards while wave and wave are impulsive downwaves.
