How To Forecast Using Elliott Wave

Added: 2026-05-23

[00:00:00]Now that we are able to identify the motive waves uh the one that go up in the direction of the trend and we identify the one that are going the opposite direction. Thank you Emil. So now we can say Well, let's label this. We can see one two three four and five.

[00:00:25]So now we have Well, I think this is very clear, right? We have one, two, three, four, five and we label them like primary um with them with the primary labels because Well, this is a monthly chart.

[00:00:37]So now we should be able to label this as an ABC.

[00:00:41]Also with the same type of degree. So this would be also a primary degree. So we go here and change it to primary.

[00:00:52]And now we have one, two, three, four, five, ABC. And I believe that now you can agree that actually markets do move in the way that the Elliott wave um eight eight wave core structure shows.

[00:01:08]Now when we were here we said, "Well, there are three waves moving down."

[00:01:16]That means that we have pretty much five waves here moving up, three wave moving down. That means that the next move should be to the upside. So now we can see one, two, three, four, and five. And then we have ABC. And from here we could again forecast the next move should be to the upside. We have one, two, three, four, and five.

[00:01:42]And once that we got this here, you know, we have already five wave move up.

[00:01:47]Do you think we're going to continue saying, "Well, you know, the market is in an uptrend, so we should go long?"

[00:01:54]Well, no. No way if you know Elliott wave because now you know that the five waves are complete. That means that now we're going to expect three waves down to end two.

[00:02:05]And this is exactly what happened. So, from here we could predict an A, a B, and a C.

[00:02:11]Okay, so now well, that's all like people say always, right? That all happens in retrospect and you know, in retrospect everything is easy and and only you can forecast only when you see it from the past, but you can never forecast when you see it from the future. Well, not after you took this lesson because now you know that after an eight-wave cycle, what is it that we expect? Do we expect prices to move down?

[00:02:36]Probably not, right?

[00:02:38]Why not? Well, because we know the basics of the wave principle and we know that after a eight-wave cycle as we have here, 1 2 3 4 5 6 7 8, we expect this big pattern to repeat and reproduce itself.