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Elliot Wave Techniques Simplified: How to Use the Probability Matrix to Profit on More Trades by Bennett McDowell

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CHAPTER 6

Combining Classic and Modern Techniques for a Better Result

The Best of Both Worlds

This chapter is all about “connecting the dots.” What you’re going to learn is how to combine the modern Elliott Wave approach with the classic Elliott Wave approach. This will allow you to arrive at high probability Elliott Wave forecasts quickly and efficiently and in a cookie-cutter fashion. You then will be able to apply this approach with confidence to any market and any time frame, and have reproducible positive results.

There are times when using the Elliott Wave approach that you will have a primary wave count and an alternate wave count. This usually occurs during corrections that turned into new impulsive waves due to exceptions in the Elliott ...

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