Are you looking for a 100% success rate in your trading? Bad news so far nobody in a over 100 years period in trade has found the magic formula. If one day someone finds it, trading will be likely to be over. But the Elliott Wave theory can increase any strategy. Let’s suppose a trader is having a 50% rate of success. When he adds the wave theory to his trading, the success rate could increase to 60% /70% or more. This tool is something that you definitely need to learn and master.
On the Elliott Wave weekly update, we are looking for a potential move up on the S&P 500 to break out the 4000 area for the first time, a possible bullish reversal on the EURO and GOLD.