Disclaimer : I'm not an expert Elliott wave trader
This color code Elliott wave đ is back tested by the owner of this strategy.
again I am not an expert of Elliott wave.
but I used this color code Elliott wave before and spotted a huge chance on runeusdt
The color code Elliott wave is good for swing traders only.
but I also use this as another layer of confirmation for my trade.
as of now if wave 3 will hit precisely the plotted price above, wave 4 can potentially hit orange line or blue line.
I will update this BTC Chart once market manage to break above resistance.
breaking wave 2 will Invalidate this set up
if you are a swing trader ! then color code Elliott wave is good for you. Feel free to DM me so we can negotiate & I will teach you how to use it and I also add some few indicators for you to increase its accuracy.