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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 8

Real-Life Case Studies

My Favorite Trade Setups

In this chapter you will learn some of my favorite trade setups. These setups can be used on all time frames and all markets, and on both bullish and bearish trend breakouts. Master these and you will be well on your way to success.

FLAT BOTTOM CHANNEL BREAKOUTS

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The flat bottom channel breakout is one of my favorites. When the trend emerges it really moves. The purpose of this setup is to get into the trade in time for Wave 3. You don’t want to miss Wave 3 because it has the greatest potential for profit.

To scan markets for this type of setup, we have a scanner at TradersCoach.com® called ...

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