Patterns

Recognizing the patterns of the waves as they are developing is the most
important thing you can do. Many Elliott Wave technicians can correctly
analyze a completed chart with the correct patterns, but what good does
that do. You need to do it as it is happening. You can correctly determine
the where you are in the Elliott Wave pattern, as it is unfolding, it will tell
you the levels the market will rise or fall to. That’s the importance of the
Elliott Wave theory.
The unique software ELWAVE gives you the Elliott Wave patterns
automatically so you can better trade the markets.

Classic Patterns vs. Modern Elliott Wave Patterns

There are two versions of the Elliott Wave Theory. One is the classic
version brought out by Elliott and the modern version that Prognosis
Software Development found after 10 years of research and experience.
You will have to experiment which each of the markets to determine which
set of patterns to use. The ELWAVE software program makes it easy to do.
You can select which to use with just a click of the mouse button.
Now let’s look at the various Elliott Wave Patterns in a very strict manner
according to the rules followed by Elliott Wave technicians: