Section V · Elliott Waves and Fibonacci · Chapter 11

Five trading setups

Five setups on simulated XAUUSD charts – entry at the start of wave 3, entry for wave 5, the end of an A-B-C zigzag, a reversal after a completed wave 5 and the thrust after a triangle – each with a trigger, a stop based on the invalidation level, a target and an example trade: entry, stop, risk, R:R and lot size at $100 risk.