EWT Teaching Moment - Multiple Potential EW Counts Oftentimes, there is an ambiguity between multiple potential Elliott wave patterns. Many analysts show only their favorite count, which often turns out to be wrong. I prefer to show the most plausible counts; I found that to be a better approach for trade planning and risk management. But multiple counts are not showstoppers. Actually, oftentimes multiple counts point in the same near-term direction, so you take a trade and adjust based on further wave pattern evolution; some counts get dropped along the way. This VIX example is a nice example of multiple possible counts pointing in the same direction.
Published Jun 12, 2026Updated Jun 12, 20262 min read
EWT Teaching Moment - Multiple Potential EW Counts Oftentimes, there is an ambiguity between multiple potential Elliott wave patterns. Many analysts show only their favorite count, which often turns out to be wrong. I prefer to show the most plausible counts; I found that to be a better approach for trade planning and risk management. But multiple counts are not showstoppers. Actually, oftentimes multiple counts point in the same near-term direction, so you take a trade and adjust based on further wave pattern evolution; some counts get dropped along the way. This VIX example is a nice example of multiple possible counts pointing in the same direction.
