A simple Approach to Elliot waves patterns

Signal generated on trend continuation when breaking the “5” level or on corrective direction after 1-5 waves detected

1-5 labeled points

arrows used for signal UP/DOWN direction

Chaotic patterns in Blue are drawn all times until  a 1-5 Elliot wave pattern detected 

1-5 Red pattern in Bull Market : UP arrow in BULL trend continuation OR DOWN arrow  as a reversal DOWN direction as pattern correction

1-5 Green pattern in Bear Market :DOWN arrow in BEAR trend continuation OR UP arrow  as a reversal UP direction as pattern correction

–>> Input bars count and selected Time frame used are used to build you own strategy