How To Predict Market's Tops & Bottoms Using Elliott Wave Principle

How To Predict
Market's Tops &

Bottoms Using Elliott
Wave Principle
Enda Glynn
How To Predict Market's Tops &
Bottoms Using Elliott Wave Principle
I have used Elliott wave signals to predict

price moves in my trading for over 10
years
Out of all the trading methods and systems I have tried, Elliott wave signals
give me an edge that no other type of trading method offers.
Elliott wave predictions, offer a big picture view of the overall price action in
the market which is simply impossible in any other trading system.Using
Elliott wave forecasts in your trading, does not mean you will suddenly gain
supernatural powers!BUT:Using Elliott wave forecasts does mean that you
will lose small and you will win more frequently!
What do I mean by that? Well…
When using Elliott Wave forecast’s in your trading, You form a picture of
what the price action is doing in multiple degrees of trend.
SoWhat happens on a 10-minute chart directly impacts your view on the

hourly price action, the daily price action and the weekly price action, all the
way up the chain!Every movement in price has consequence for your overall
stance on the market.
So every price move leads you closer and closer to a high probability trading
signal, and the closer you get, the less risk you are taking!And the better the
predictions for the path of future price moves that you can make.
And that is the beauty of Elliott Wave signals.
How To Predict Market's Tops & Bottoms Using Elliott Wave Principle
If you follow the rules, you will never have too much risk on the table.This
method leads to better predictions, better trades, and long term profitability.
I am going to show you, how I use Elliott Wave signals in my trading.
And I will go through
• 3 recent price predictions I made
• why I made those calls.
• and the results.
The wave model, offers a lens to view price action through which no other
form of analysis can do. This allows me to be patient and wait for opportunity
to come my way.As an Elliott Wave trader, I am a natural contrarian!I am
constantly on the lookout for trend changes and the big opportunities they
bring.
There comes a time in every market cycle;
Extremes of bullishness or bearishness overcome the crowd, to the point

where every person has piled into that same trade and the world has
convinced themselves of the everlasting nature of that trend!
And the world has convinced themselves of the everlasting nature of that
trend! At times like these – the Elliott wave principle tells me to start looking
for the exit!
To avoid getting trampled by that very same crowd, when the trend change
inevitably appears!
By using Elliot wave analysis, you will learn to see trend changes
coming before they happen, and then, you will be ready to ride it
when it does!
What is Elliott Wave Theory?

Elliott Wave theory maintains that collective investor psychology shifts
between optimism and pessimism as part of a natural cycle.
These mood swings create Elliott wave patterns in the price action.
The wave principle views the price movements of the market as being part of
an overarching pattern.
There are three main descriptive features of the wave principle.
1. The patterns exist at all degrees of trend, (from a yearly chary down to a
minute chart)
2. The patterns are fractals, that is, they are self-similar at all degrees of
trend.
3. The patterns are hierarchical, meaning smaller degrees of the pattern link
together to construct larger versions of the similar pattern.
Elliott wave model.
The wave principle states that the basic form of market price action is five
waves in the direction of the trend and three waves against the trend.
Moves in the direction of the trend are labelled 1 through 5 and counter trend
moves are labels as letters, usually A,B and C.
How can Elliott wave patterns be applied to trading?
These are EXACT price patterns I used for years to generate signals steadily
grow my trading account while taking minimum risk.
The most common statement in the investment world is ‘the trend is your
friend’, wouldn’t be great to be able to identify the trend.
For me, a trading method must achieve 3 things.
• Minimize risk!
• Give a clear outlook, for prices.

• Identify high probability trades.
This is how Elliott wave signals solve these problems for me.
You can use Elliott wave to spot a turn in the market trend by searching for a
five-wave pattern facing in the opposite direction on the short-term charts.
when this signal is in place you look for a correction off the recent short term
high that traces out three waves.
Once the three-wave correction is in place, the market is poised to carry on

the trend change.We now look for a trade entry point with the lowest possible
risk.
That opportunity presents itself at the high of the ‘B’ wave, within the
correction.
Your stop loss can be placed at the low of wave ‘C’.

This setup allows you to place a trade with the lowest possible risk on the
table.
It also allows you to reap the reward when your prediction comes good.
NOW to the meat….

Here are 3 – low risk / high probability trades, all Placed using Elliott wave
signals and how those trades worked out.
( FOLLOW THE LINKS TO CHECK OUT THE ANALYSIS )
EURUSD Elliott wave analysis 08-31-16

“the alternate count calls for a rally in wave 2 blue, with a possible target in
the 11300 area.”
In this example of eurusd Elliott Wave analysis, I noticed a complete 5 waves
down into wave ‘1’ blue,
And over the next week the price rose 200 points, eurusd Elliott wave
analysis and signals, are far superior at spotting turning points in the price
pattern
GBPUSD Elliott wave analysis 08-10-16

“I am now expecting a rally into the 13600 area to complete wave ‘ii’ in
black.”
So the GBPUSD Elliott wave analysis stated that prices would rally in wave
‘C’, back towards the upper trend channel.
This piece of GBPUSD Elliott wave analysis resulted in a 550 point rally in 3
short weeks.
USDJPY Elliott wave analysis 06-13-16

“Prices have possibly completed that correction and are now back in mode for
a large rally ahead.”
In this example of USDJPY Elliott wave analysis, I noticed an impulsive rally

off the post Brexit low, I labelled that wave ‘1’ up, what came next was a 3
wave decline in wave ‘2’.
I then predicted wave ‘3’ was about to start, and the USDJPY Elliott wave
analysis predicted that the rally should be big!
This piece of USDJPY Elliott wave analysis came true, and what followed was
a 750 point rally in two weeks.
No trading method, other than Elliott wave analysis would allow you to setup
for theses trades.
Elliot wave helps me answer four important questions when analysing the
price action:
• What direction the price is trending?
• How far is this trend likely to go?

• Where can I enter a trade with the best risk reward ratio?
• And most importantly, at what point am I definitely wrong?!
Elliott wave forecasts help me:
• Spot high probability trade opportunities
• improve my trade entry,
• tighten up my money management
• and in turn increase profitability.
Does your trading strategy give you an edge in your trading?
If you can answer those questions in a positive manner, then you are doing
OK!
If you can’t
Then maybe you should look at Elliott Wave Principle?
Because Elliott wave can provide an answer to those big questions, and it
offers a course of action on your analysis.
Let me tell you!
Seeing the waves unfold before your eyes is a very rewarding experience,
It is almost like peering into the future!
That is how Elliott wave predictions help my trading,
AND
That is why the wave principle will improve your trading too!
In the next few weeks I will email you a lot of valuable trading hacks and
lessons. You will receive
1. How to eliminate random and impulse trades.

2. How to enter the market at low risk.
3. How much $$$ you will make trading.
4. Fundamental analysis is easy! Here is what you do.
5. Technical analysis alone won’t make your rich. Move beyond it.
6. Simplifying the jargon. A guide to Elliott Wave chart labels.
7. Completed guide to Elliott Wave correction patterns
8. How to spot BIG opportunities using Elliott Wave and RSI
9. How to catch market’s Tops & Bottoms with Elliott Wave
10. How to enter the market at low risk.
So stick around
I hope you will enjoy them and the knowledge will improve your trading.
Enda
e.glynn@humbletraders.com

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How To Predict

Market's Tops &

I have used Elliott wave signals to predict

What do I mean by that? Well…

SoWhat happens on a 10-minute chart directly impacts your view on the

And that is the beauty of Elliott Wave signals.

I am going to show you, how I use Elliott Wave signals in my trading.

And I will go through

• 3 recent price predictions I made

• why I made those calls.

• and the results.

There comes a time in every market cycle;

Extremes of bullishness or bearishness overcome the crowd, to the point

What is Elliott Wave Theory?

Elliott wave model.

For me, a trading method must achieve 3 things.

• Give a clear outlook, for prices.

Once the three-wave correction is in place, the market is poised to carry on

Your stop loss can be placed at the low of wave ‘C’.

NOW to the meat….

( FOLLOW THE LINKS TO CHECK OUT THE ANALYSIS )

EURUSD Elliott wave analysis 08-31-16

GBPUSD Elliott wave analysis 08-10-16

USDJPY Elliott wave analysis 06-13-16

In this example of USDJPY Elliott wave analysis, I noticed an impulsive rally

• What direction the price is trending?

• How far is this trend likely to go?

Elliott wave forecasts help me:

• Spot high probability trade opportunities

• improve my trade entry,

• tighten up my money management

• and in turn increase profitability.

Does your trading strategy give you an edge in your trading?

Then maybe you should look at Elliott Wave Principle?

It is almost like peering into the future!

That is how Elliott wave predictions help my trading,

1. How to eliminate random and impulse trades.

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