Once you have an automatic wave count on your chart, you’ll want to know what the count is telling you about the market’s likely next moves. Identifying the most likely support and resistance levels is critical to being prepared for those next moves and executing a successful trade plan.
The Smart Tools in WaveBasis make it easier than ever to add various Fibonacci studies and Elliott trend channels to a chart. These studies are constant companions to Elliott Wave analysis, and can be key to accurately forecasting where a market will reach a turning point. This video shows you how to make the most of them.