DislikedBut why the long time frame???! If you get a trade away, what is your Risk:Reward ratio and how long will it take to achieve?! Maybe you are chasing a 3 bagger for your money over several months time frame, but you can find those intraday and when EW is far more accurate. Here's an example on the UJ from earlier this week; uj11-01-17a.png;2140320 'b' waves will often retrace a fib level of 'a' whereas X waves retrace a fib of the prior 3 wave set. The easiest to identify is when it retraces 61.8% of the first abc set, then you get two bites of the...Ignored
It's just a preference of trading different time frames.
Elliott Wave for optimum entry, exit and risk management of trades