ELLIOTT WAVE DNA Cheat Sheet 1: Wave 3 Buy Conservative Setup
Pre-Trade Requirements
1. Larger trend needs to be Bullish
2. Wave (1) needs to have 5 smaller sub-
waves that respect the rules of the
Motive phase.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (1)
How To Setup A Wave 3 Trade
Entry Point: Use Fibonacci retracement and draw
it from the start to end of wave (1). Place
pending buy at 50% of wave (1).
Stop Loss: Use the starting point of wave (1) as
your stop level.
Take Profit: Use the Fibonacci expansion tool and
draw fib from start to end of wave (1) and project
it from end of wave (2). Place targets at 100%
and 161.8% extensions of wave (1)
Tips For Trading Wave 3
1. Move stop loss to break even after Take
Profit (TP) #1 is reached.
2. Check how many smaller sub-waves you
have once your TP #1 is reached. If you see
5 waves close the entire position.
Recommended Risk: 1% or 2%
ELLIOTT WAVE DNA Cheat Sheet 2: Wave 3 Sell Conservative Setup
Pre-Trade Requirements
1. Larger trend needs to be Bearish.
2. Wave (1) needs to have 5 smaller sub-
waves that respect the rules of the
Motive phase.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (1)
How To Setup A Wave 3 Trade
Entry Point: Use Fibonacci retracement and draw
it from start to end of wave (1). Place pending
sell at 50%
Stop Loss: Use the starting point of wave (1) as
your stop level.
Take Profit: Use the Fibonacci expansion tool and
draw fib from start to end of wave (1) and project
it from end of wave (2). Place targets at 100%
and 161.8% extensions of wave (1)
Tips For Trading Wave 3
1. Move stop loss to break even after Take
Profit (TP) #1 is reached.
2. Check how many smaller sub-waves you
have when your TP #1 is reached. If you see
5 waves close the entire position.
Recommended Risk: 1% or 2%
ELLIOTT WAVE DNA Cheat Sheet 3: Wave 5 Buy Conservative Setup
Pre-Trade Requirements
1. Larger trend needs to be Bullish.
2. Wave (3) needs to have 5 smaller sub-
waves.
3. Wave (3) needs to test the 161.8%
extension of wave (1).
Optional Requirement: You should be able
to see divergence on the RSI indicator
between smaller waves 3 and 5 of (3)
How To Setup A Wave 5 Trade
Entry Point: Use the Fibonacci retracement and
draw it from the start to end of wave (3). Place
pending buy at 38.2% (If wave 3 is an extended
wave use the 23.6% level for entry).
Stop Loss: Use 50.0% of wave (3) as your stop.
Take Profit: Use the Fibonacci retracement tool
and draw fib from the start to end of wave (4).
Place targets at inverse 161.8% of wave (4).
Tip For Trading Wave 5
Move stop loss to break even after price breaks
above the end of wave (3).
Recommended Risk: 1% or 2%
ELLIOTT WAVE DNA Cheat Sheet 4: Wave 5 Sell Conservative Setup
Pre-Trade Requirements
1. Larger trend needs to be Bearish.
2. Wave (3) needs to have 5 smaller sub-
waves.
3. Wave (3) needs to test the 161.8%
extension of wave (1).
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (3)
How To Setup A Wave 5 Trade
Entry Point: Use Fibonacci retracement and draw
it from the start to end of wave (3). Place
pending sell order at 38.2% (If wave 3 is an
extended wave use the 23.6% level for entry).
Stop Loss: Use 50% of wave (3) as your stop.
Take Profit: Use the Fibonacci retracement tool
and draw fib from the start to end of wave (4).
Place targets at inverse 161.8% of wave (4).
Tip For Trading Wave 5
Move the stop loss to break even after price
breaks below the end of wave (3)
Recommended Risk: 1% or 2%
ELLIOTT WAVE DNA Cheat Sheet 5: Wave C Buy Conservative Setup
Pre-Trade Requirements
1. Larger trend before the start of wave (A)
needs to be Bearish.
2. Wave (A) needs to have 5 smaller sub-
waves.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (A)
How To Setup A Wave C Trade
Entry Point: Use Fibonacci retracement and draw
it from the start to end of wave (A). Place
pending buy at 50.0% of wave (A).
Stop Loss: Use the starting point of wave (A) as
your stop level.
Take Profit: Use the Fibonacci expansion tool and
draw fib from the start to end of wave (A) and
project it from the end of wave (B). Place target
at 100% extensions of wave (A).
Tip For Trading Wave C
Move stop loss to break even after price breaks
above the end of wave (A).
Recommended Risk: 1% or 2%
ELLIOTT WAVE DNA Cheat Sheet 6: Wave C Sell Conservative Setup
Pre-Trade Requirements
1. Larger trend before the start of wave (A)
needs to be Bullish.
2. Wave (A) needs to have 5 smaller sub-
waves.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (A)
How To Setup A Wave C Trade
Entry Point: Use Fibonacci retracement and draw
it from the start to end of wave (A). Place
pending sell at 50.0% of wave (A).
Stop Loss: Use the starting point of wave (A) as
your stop level.
Take Profit: Use the Fibonacci expansion tool and
draw fib from the start to end of wave (A) and
project it from the end of wave (B). Place target
at 100% extensions of wave (A)
Tip For Trading Wave C
Move stop loss to break even after price
breakS below the end of wave (A).
Recommended Risk: 1% or 2%
ELLIOTT WAVE DNA
Pre-Trade Requirements
1. Wave (1) needs to have 5 smaller sub-
waves that respect the rules of the
Motive phase.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (1)
Cheat Sheet 7: Wave 3 Buy Aggressive Setup
How To Setup A Wave 3 Trade
Entry Point: Use Fibonacci retracement and draw
it from the start to end of wave (1). Place
pending buy order at 50% and 61.8% of wave (1).
Stop Loss: Use the starting point of wave (1) as
your stop level.
Take Profit: Use the Fibonacci expansion tool and
draw fib from the start to end of wave (1) and
project it from end of wave (2). Place targets at
100% and 161.8% extensions of wave (1).
Tips For Trading Wave 3
1. Move stop loss to break even after Take
Profit (TP) #1 is reached.
2. Check how many smaller sub-waves you
have when your TP #1 is reached. If you see
5 waves close the entire position.
Recommended Risk: 2% or 3%
ELLIOTT WAVE DNA
Pre-Trade Requirements
1. Wave (1) needs to have 5 smaller sub-
waves that respect rules of motive
phase.
Optional Requirement: You should be able to
see divergence on RSI indicator between
smaller waves 3 and 5 of (1)
Cheat Sheet 8: Wave 3 Sell Aggressive Setup
How To Setup A Wave 3 Trade
Entry Point: Use Fibonacci retracement and draw
it from start to end of wave (1). Place pending
sell at 50% & 61.8% of wave (1).
Stop Loss: Use the starting point of wave (1) as
your stop level.
Take Profit: Use Fibonacci expansion tool and
draw fib from start to end of wave (1) and project
it from end of (2) wave. Place targets at 100%
and 161.8% extensions of wave (1)
Tips For Trading Wave 3
1. Move stop loss to break even after tp #1 is
reached.
2. Check how much smaller sub-waves you
have when your tp #1 is reached. In case
you see 5w close entire position.
Recommended Risk: 2% or 3%
ELLIOTT WAVE DNA
Pre-Trade Requirements
1. Wave (3) needs to have 5 smaller sub-
waves.
2. Wave (3) needs to test the 161.8%
extension of wave (1).
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (3)
Cheat Sheet 9: Wave 5 Buy Aggressive Setup
How To Setup A Wave 5 Trade
Entry Point: Use Fibonacci retracement and draw
it from start to the end of wave (3). Place
pending buy at 23.6% and 38.2% of wave (3).
Stop Loss: Use 50% of wave (3) as your stop.
Take Profit: Use the Fibonacci retracement tool
and draw fib from the start to end of wave (4).
Place targets at inverse 123.6% and 161.8% of
wave (4).
Tip For Trading Wave 5
Move stop loss to break even after price
breaks above the end of wave (3).
Recommended Risk: 2% or 3%
ELLIOTT WAVE DNA Cheat Sheet 10: Wave 5 Sell Aggressive Setup
Pre-Trade Requirements
1. Wave (3) needs to have 5 smaller sub-
waves.
2. Wave (3) needs to test the 161.8%
extension of wave (1).
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (3).
How To Setup A Wave 5 Trade
Entry Point: Use Fibonacci retracement and draw
it from start to end of wave (3). Place pending
sell orders at 23.6% and 38.2% of wave (3).
Stop Loss: Use 50% of wave (3) as your stop.
Take Profit: Use Fibonacci retracement tool and
draw fib from the start to end of wave (4). Place
targets at inverse 123.6% & 161.8% of wave (4).
Tip For Trading Wave 5
Move stop loss to break even after price
break above the end of wave (3).
Recommended Risk: 2% or 3%
ELLIOTT WAVE DNA Cheat Sheet 11: Wave C Buy Aggressive Setup
Pre-Trade Requirements
1. Before wave (A) you need to have a
complete Motive pattern.
2. Wave (A) needs to have 5 smaller sub-
waves.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (A)
How To Setup A Wave C Trade
Entry Point: Use Fibonacci retracement and draw
it from the start to the end of wave (A). Place
pending buy order at 50.0% and 61.8% levels of
wave (A).
Stop Loss: Use the starting point of wave (A) as
your stop level.
Take Profit: Use the Fibonacci expansion tool
and draw fib from the start to the end of wave
(A) and project it from the end of wave (B). Place
targets at 100% extensions of wave (A).
Tip For Trading Wave C
Move the stop loss to break even after price
breaks above the end of wave (A).
Recommended Risk: 2% or 3%
ELLIOTT WAVE DNA Cheat Sheet 12: Wave C Sell Aggressive Setup
Pre-Trade Requirements
1. Before wave (A) you need to have a
complete Motive pattern.
2. Wave (A) needs to have 5 smaller sub-
waves.
Optional Requirement: You should be able to
see divergence on the RSI indicator between
smaller waves 3 and 5 of (A)
How To Setup A Wave C Trade
Entry Point: Use the Fibonacci retracement and
draw it from the start to the end of wave (A).
Place pending sell order at 50.0% and 61.8%
levels of wave (A).
Stop Loss: Use the starting point of wave (A) as
your stop level.
Take Profit: Use the Fibonacci expansion tool and
draw fib from the start to the end of wave (A)
and project it from the end of wave (B). Place
targets at 100% extensions of wave (A).
Tip For Trading Wave C
Move the stop loss to break even after price
breaks above the end of wave(A).
Recommended Risk: 2% or 3%