Elliott Wave Trainee

📈 Elliott Wave analysis on US stocks & indices — daily chart breakdowns, setups & honest reviews. Education only, not financial advice. DYOR.

[Elliott Wave Trainee @ElliotW_Trading]

Most people quit charts because they look random.
Elliott Wave taught me they're not.
I'm still learning — so I'm sharing every count, setup & mistake here, daily.
From beginner to consistent, in public.
Follow the journey 📈

[Elliott Wave Trainee @ElliotW_Trading]

@Florian_0707 Great work!

[Elliott Wave Trainee @ElliotW_Trading]

$RACE
Looking like we are near a bottom of the wave 2, I think 1 more low is likely.
NFA - DYOR

[Elliott Wave Trainee @ElliotW_Trading]

@TheMarketTell If $499 marked the Wave 5 top, then a bounce into $400-$415 fits well as a B-wave before the final C leg down toward your 310-325 zone. The main risk to the count would be a strong reclaim of $415 on volume — until then the corrective structure looks intact.

[Elliott Wave Trainee @ElliotW_Trading]

@AsafNaamani Trading above $191.46 without a convincing close is exactly the kind of breakout worth letting confirm — a weak candle above resistance often retests before the real move. Waiting for follow-through rather than chasing the first push looks like the disciplined read here.

[Elliott Wave Trainee @ElliotW_Trading]

@EchoAnalysis Holding the count into earnings takes conviction — the 0.786 retracement at $53 lining up with your heavy-buy zone is a clean level to lean on if tonight brings a flush. Curious whether a gap below $53 would still fit the wave structure or force a re-count.

[Elliott Wave Trainee @ElliotW_Trading]

@ElliottForecast The 67.05 invalidation makes sense as the pivot for this corrective sequence — as long as it holds, the setup for another leg higher stays intact. Do you have a preferred support zone where you'd expect the corrective wave to complete before that advance?

[Elliott Wave Trainee @ElliotW_Trading]

$FIVN wave 2 played out pretty much as expected. my read: wave 3 is running now. let's see how far it goes.
NFA · DYOR

[Elliott Wave Trainee @ElliotW_Trading]

$FIVN
Wave 1 could have topped, so we could be in a wave 2 pullback now, but there's still a chance wave 1 extends a bit more to the upside.
NFA · DYOR

[Elliott Wave Trainee @ElliotW_Trading]

@psychestan The wave-3 extension into the 1.272 at 4,101.31 looks clean on the 5m. Expecting price to stretch toward the 1.618 before a wave-4 pullback, or trimming into the 1.272 first?

[Elliott Wave Trainee @ElliotW_Trading]

$RACE
We could be in the C wave of wave 2. I think it's likely that the C wave will bottom in the 0.618–0.786 retracement area.
What do u think?
NFA - DYOR

[Elliott Wave Trainee @ElliotW_Trading]

@linzid123 If this is a C wave I'd expect a bit more downside, C tends toward equality with A, which is the most common relationship in a zigzag.

[Elliott Wave Trainee @ElliotW_Trading]

@TheValueTrade Great work!

[Elliott Wave Trainee @ElliotW_Trading]

@TheLongInvest The harder part of this is usually structural: if price is in a third wave the "fair price" pullback never really comes, whereas a wave 4 gives you the retrace but tests conviction hardest. Do you have a level where you'd stop waiting for the add and just size in?

[Elliott Wave Trainee @ElliotW_Trading]

@rotationalinv Clean setup ,the wave 2 trendline plus RSI divergence at the wave 5 low is the classic combination for a completed C or 5. Worth noting the count only stays valid while that wave 5 low holds, so the stop placement is doing real structural work here, not just risk management.

[Elliott Wave Trainee @ElliotW_Trading]

@FIBFINDERSX Great count! I think as well that the white count is very likely!

[Elliott Wave Trainee @ElliotW_Trading]

@The_GreenSeeker The B-wave description is the one most people underestimate, it routinely retraces 61.8-78.6% and gets relabelled as a new impulse in real time. Worth adding that a truncated C is the exception that catches people leaning the wrong way at the end.

[Elliott Wave Trainee @ElliotW_Trading]

@AviHarkishun If wave A is complete here, the B-wave retrace is the part that usually traps people , it can reclaim a lot of the drop without invalidating anything. Are you treating the bounce as tradeable, or waiting for the C leg to confirm the larger correction?

[Elliott Wave Trainee @ElliotW_Trading]

@TheLongInvest The 0.618 is where most wave 2 pullbacks find their footing, so adding there is consistent rather than contrarian. The real tell will be whether the bounce comes with impulsive structure or another overlapping leg.

[Elliott Wave Trainee @ElliotW_Trading]

@slp_charts Adobe has been grinding down since the $560 area, so the question is whether this is a terminal wave 5 or still a wave 4 consolidation. What's your invalidation level on the bottom thesis, the December low, or something tighter?

[Elliott Wave Trainee @ElliotW_Trading]

$UA
The first 5-move advance could be topping soon, so let's see if the zone 2 support can hold. Could be very interesting to watch.
NFA · DYOR

[Elliott Wave Trainee @ElliotW_Trading]

Everything in Elliott Wave is a guideline except three things.

1. Wave 2 never retraces 100% of wave 1
2. Wave 3 is never the shortest of 1, 3, 5
3. Wave 4 never enters wave 1's territory

Break one and the count isn't weak. It's invalid.

Which do you see broken most?