Question 1

What is Elliott Wave Theory?

Accepted Answer

Elliott Wave Theory is a form of technical analysis that identifies recurring wave patterns in financial markets. Developed by Ralph Nelson Elliott in the 1930s, it proposes that market prices unfold in specific patterns called "waves" due to investor psychology. The theory suggests markets move in a 5-wave impulse pattern in the direction of the main trend, followed by a 3-wave corrective pattern against it.

Question 2

Is Elliott Wave Theory reliable for trading?

Accepted Answer

Elliott Wave Theory can be a powerful tool when combined with other forms of analysis, particularly Fibonacci ratios. However, wave counting is subjective and requires significant practice. The most reliable setups occur when wave structure aligns with Fibonacci levels and other confirming indicators. Many professional traders use Elliott Wave as one component of their overall strategy rather than relying on it exclusively.

Question 3

How do I count Elliott Waves correctly?

Accepted Answer

Start by identifying the trend direction on a higher timeframe. Look for 5-wave impulse patterns (waves 1-2-3-4-5) in trending moves and 3-wave corrections (A-B-C) against the trend. Key rules: Wave 2 cannot retrace more than 100% of Wave 1; Wave 3 is never the shortest impulse wave; Wave 4 cannot overlap Wave 1's price territory. Use Fibonacci ratios to validate your counts - Wave 2 typically retraces 50-61.8% of Wave 1, and Wave 3 often extends to 161.8%.

Question 4

What is the best Elliott Wave software?

Accepted Answer

Popular Elliott Wave software includes MotiveWave, Elliott Wave International's tools, and TradingView with wave counting indicators. However, software can only assist - the accuracy of wave counts still depends on the analyst. At EasyCharts, we provide professionally-analyzed Elliott Wave counts as part of our curated chart service, saving you the complexity of counting waves yourself.

Question 5

How do Fibonacci and Elliott Wave work together?

Accepted Answer

Elliott Wave and Fibonacci are deeply interconnected. Fibonacci ratios help predict where waves will end: Wave 2 typically retraces 50%, 61.8%, or 78.6% of Wave 1; Wave 3 often extends to 161.8% or 261.8% of Wave 1; Wave 4 usually retraces 38.2% of Wave 3; Wave 5 often equals Wave 1 or extends to 61.8% of Waves 1-3 combined. Using Fibonacci levels validates Elliott Wave counts and provides precise entry/exit points.

Question 6

What are Fibonacci retracement levels?

Accepted Answer

Fibonacci retracement levels are horizontal lines that indicate potential support and resistance levels based on the Fibonacci sequence. The key levels are 23.6%, 38.2%, 50%, 61.8%, and 78.6%. Traders draw these from a significant low to high (or high to low) to identify where price might pull back before continuing the trend. The 61.8% level, known as the "golden ratio," is considered the most significant.

Question 7

How do I use Fibonacci extensions for profit targets?

Accepted Answer

Fibonacci extensions project where price might travel beyond the initial move. Key extension levels include 127.2%, 161.8%, 200%, and 261.8%. To draw extensions, identify three points: the start of a move, the end of the move, and the retracement low/high. The 161.8% extension is the most commonly-used profit target, especially in strong trends. For Wave 3 trades, the 261.8% extension is often reached.

Question 8

Which Fibonacci level is most reliable?

Accepted Answer

The 61.8% retracement (golden ratio) is generally considered the most reliable level, as it represents a significant pullback while still maintaining trend integrity. However, the best entries often occur when multiple factors align: a Fibonacci level, a previous support/resistance zone, an Elliott Wave completion point, and/or a candlestick reversal pattern. Our curated charts identify these high-confluence zones.

Question 9

How do I draw Fibonacci levels correctly?

Accepted Answer

For uptrends, draw from the significant low to the significant high (swing low to swing high). For downtrends, draw from high to low. Use clear swing points - not every minor fluctuation. On TradingView and most platforms, select the Fibonacci tool, click the start point, and drag to the end point. Ensure you're measuring the correct move that's relevant to your trading timeframe.

Question 10

What are trading signals?

Accepted Answer

Trading signals are specific recommendations indicating when to buy or sell a financial asset. Good signals include: the entry price or zone, stop-loss level for risk management, profit target(s), and the rationale behind the trade. At EasyCharts, our signals are based on Elliott Wave analysis, Fibonacci levels, and proven chart patterns - not random indicators or gut feelings.

Question 11

How do swing trading signals work?

Accepted Answer

Swing trading signals aim to capture moves that last from a few days to a few weeks. Unlike day trading signals that require constant monitoring, swing trade setups allow you to set your entry, stop, and target in advance. Our signals identify patterns like cup and handles, horizontal breakouts, and Wave 3 setups that historically provide favorable risk-reward ratios.

Question 12

What makes EasyCharts signals different?

Accepted Answer

Our signals are based on methods that have worked for over 100 years - not trendy indicators that come and go. We focus on: 1) Defined risk with clear stop-loss levels, 2) Patterns with proven track records (cup & handle, Elliott Wave, Fibonacci), 3) Higher timeframe analysis for better probability, and 4) Educational context so you learn while you trade. We're not a "copy trading" service - we help you become a better trader.

Question 13

Do you use AI in your analysis?

Accepted Answer

Yes - for the part AI is actually good at. We use AI-assisted screening to scan hundreds of products daily so no setup slips through unnoticed. But the analysis itself - the Elliott Wave counts, Fibonacci levels, and every signal that reaches you - is done by a human. We think that's the right division of labor: machines for coverage, people for judgment. No signal is ever generated or sent by an algorithm.

Question 14

How many signals do you provide per month?

Accepted Answer

Our Base Plan includes 3 curated charts per month, while our Pro Plan provides 10 charts per month plus weekly market updates. Quality over quantity is our philosophy - we only send signals when high-probability setups appear, not arbitrary trade ideas to seem busy. Each chart includes full analysis with entry, stop, and multiple profit targets.

Question 15

What is proper position sizing?

Accepted Answer

Position sizing determines how much capital to allocate to each trade based on your risk tolerance. The standard approach is to risk 1-2% of your trading account per trade. Calculate position size as: (Account Size × Risk %) ÷ (Entry Price - Stop Loss Price). For example, with a $10,000 account risking 1%, if your stop is $5 away from entry, your position size would be $2,000 worth of shares. Our Position Size Calculator automates this math.

Question 16

How do I set a proper stop-loss?

Accepted Answer

Stop-losses should be placed at levels where your trade thesis is invalidated - not arbitrary dollar amounts. For Elliott Wave trades, stops go below the start of your wave count. For breakout trades, stops go below the breakout level. For Fibonacci entries, stops go below the next Fibonacci level. The key is giving the trade room to breathe while protecting capital if wrong.

Question 17

What is a good risk-reward ratio?

Accepted Answer

A minimum risk-reward ratio of 1:2 means you're targeting twice what you're risking. This allows you to be profitable even winning only 40% of trades. Ideal setups offer 1:3 or better. Calculate R:R as: (Target - Entry) ÷ (Entry - Stop). Our Risk-Reward Calculator helps you evaluate trades before entering. Never take trades where potential loss exceeds potential gain.

Question 18

How much money do I need to start trading?

Accepted Answer

You can technically start with any amount, but realistically: for stocks, $2,000-5,000 allows proper position sizing with manageable commissions; for crypto, $500-1,000 is reasonable due to 24/7 markets and fractional trading; for pattern day trading in stocks, SEC requires $25,000 minimum. More important than the amount is proper risk management - never risk money you can't afford to lose.

Question 19

Which plan is right for me?

Accepted Answer

If you're new to technical analysis or want to learn our methods, start with the Base Plan (3 charts/month). If you're more active and want comprehensive market coverage, the Pro Plan (10 charts/month + weekly updates) offers the best value. For personalized guidance, add coaching sessions to either plan. All plans include access to our educational resources and trading calculators.

Question 20

Do you offer a free trial?

Accepted Answer

We offer a 7-day trial on Buy/Sell Signals. A card is required at signup, and it's charged $49 when the trial ends unless you cancel first — cancel before day 7 and you pay nothing. You'll receive real signals during the trial period. Other subscriptions begin billing at checkout. We also provide extensive free educational content: guides on Elliott Wave, Fibonacci trading, candlestick patterns, and our comprehensive trading glossary with 135+ terms.

Question 21

What markets do you cover?

Accepted Answer

We analyze US stocks (large and mid-cap), major cryptocurrencies (BTC, ETH, SOL, etc.), and key ETFs (SPY, QQQ, IWM). Our methods work across all liquid markets since Elliott Wave and Fibonacci are universal. The patterns and ratios we use have been validated across 100+ years of market history and multiple asset classes.

Question 22

How do I access the signals?

Accepted Answer

After subscribing, you'll receive access to our members dashboard where all charts and analysis are posted. You'll also get email notifications when new signals are published. Pro members additionally get access to our weekly Zoom meetups where we discuss market structure and upcoming opportunities in real-time.

Question 23

What is the 8-Week Personalized Trading Training program?

Accepted Answer

The 8-Week Personalized Training is our flagship one-on-one coaching program designed to transform you into an independent trader. For $997 one-time, you get 8 weeks of fully customized 1:1 coaching sessions tailored to your experience level, goals, and trading style. The program covers pattern recognition, Elliott Wave analysis, Fibonacci trading, risk management, and position sizing - everything you need to trade confidently on your own.

Question 24

How is personalized trading coaching different from courses or signals?

Accepted Answer

Unlike pre-recorded courses or copy-trading signals, personalized coaching adapts to YOUR specific needs. We identify your weaknesses, build on your strengths, and create a custom curriculum. You get real-time feedback on your actual trades, direct answers to your questions, and accountability to ensure you're making progress. Our goal is to make you independent - we want to work ourselves out of a job.

Question 25

What topics are covered in the 8-Week Trading Training?

Accepted Answer

The curriculum is customized to you, but typically covers: Week 1-2: Foundation and pattern recognition basics; Week 3-4: Elliott Wave Theory and wave counting; Week 5-6: Fibonacci retracements, extensions, and confluence zones; Week 7: Risk management, position sizing, and trade planning; Week 8: Putting it all together with live chart analysis. Each session builds on the previous, with homework and practice between sessions.

Question 26

Who is the 8-Week Training program best suited for?

Accepted Answer

The program is ideal for: traders who've been struggling to achieve consistency, those who've taken courses but can't apply the knowledge, investors wanting to manage their own portfolio more actively, professionals who want structured learning with accountability, and anyone serious about developing real trading skills. Whether you're a beginner or intermediate trader, we customize the program to your level.

Question 27

What results can I expect from 1-on-1 trading coaching?

Accepted Answer

By the end of 8 weeks, you'll be able to: identify high-probability chart patterns independently, count Elliott Waves and predict price targets, use Fibonacci levels to find precise entries and exits, calculate proper position sizes for any trade, and develop a complete trading plan with defined rules. Most importantly, you'll have the confidence to trade without relying on signals or 'gurus' - true financial independence.

Question 28

Is there a money-back guarantee on the 8-Week Training?

Accepted Answer

Yes, we offer a satisfaction guarantee. If after completing the first two weeks you feel the program isn't right for you, we'll refund your investment minus the value of sessions completed. We're confident in our training because we've seen it transform traders. However, the program requires commitment - the results come from putting in the work, not just showing up.

Question 29

How are the coaching sessions conducted?

Accepted Answer

All sessions are conducted via Zoom video call, typically 60-90 minutes each. We share screens to analyze live charts together, and you can record sessions for review. Sessions are scheduled at mutually convenient times, usually weekly. Between sessions, you'll have homework assignments and access to email support for questions. We also provide supplementary educational materials customized to your learning needs.

Question 30

Can I get trading coaching for specific markets like crypto or forex?

Accepted Answer

Absolutely. Our coaching covers stocks, ETFs, cryptocurrencies, and forex. The technical analysis methods we teach - Elliott Wave, Fibonacci, and pattern recognition - work across all liquid markets. Many clients focus on crypto trading, others on stock swing trading. We adapt the examples and practice exercises to the markets you want to trade.

Question 31

What are leveraged ETF trading signals?

Accepted Answer

Leveraged ETF trading signals are professional buy/sell recommendations specifically for 2x and 3x leveraged exchange-traded funds like TQQQ, SOXL, UPRO, and similar products. Our signals include precise entry prices, stop-loss levels, and profit targets. Unlike regular ETF signals, leveraged ETF signals require specialized risk management due to the amplified moves - which is exactly what our service provides.

Question 32

What's included in the $297/month Leveraged Signals subscription?

Accepted Answer

The Leveraged & Inverse ETF Signals subscription includes: 3-8 signals per week covering leveraged bull ETFs, inverse bear ETFs, single-stock leveraged products, and crypto ETFs; real-time email alerts with chart screenshots; precise entry, stop-loss, and target levels for every trade; minimum 2:1 risk-reward ratio on all signals; and access to our educational resources on trading leveraged products safely.

Question 33

What leveraged ETFs do you cover with your signals?

Accepted Answer

We cover over 200 leveraged and inverse products including: Leveraged Bull ETFs (TQQQ, SOXL, UPRO, LABU, NUGT, JNUG), Inverse Bear ETFs (SQQQ, SOXS, SPXS, LABD, DUST, JDST), Single-Stock Leverage (TSLL, NVDL, NVDU, AMDL, CONL, MSFU), and Crypto Leveraged ETFs (BITU, BITX, ETHU, SBIT, BITI). We scan all of these daily for high-probability setups.

Question 34

How do you find leveraged ETF trading opportunities?

Accepted Answer

Our process has 5 steps: (1) Technical Screening - we scan 200+ leveraged products daily for breakout patterns, RSI divergences, and volume surges; (2) Wave Analysis - potential signals are validated with Elliott Wave counts; (3) Fibonacci Precision - entry, stop, and targets calculated using Fibonacci levels; (4) Risk/Reward Filter - only signals with minimum 2:1 R:R qualify; (5) Confluence Zones - we look for double or triple confluence where horizontal Fibonacci levels, AVWAPs, and support zones align.

Question 35

Are leveraged ETF signals safe for beginners?

Accepted Answer

Leveraged ETFs carry higher risk due to their amplified moves, but our signals are designed to manage that risk. Every signal includes a defined stop-loss level so you know your maximum risk before entering. We recommend starting with smaller position sizes until you're comfortable with how these products move. Our free Leveraged ETF Trading Strategies PDF explains the specific risks and how to trade them safely.

Question 36

What is the difference between leveraged and inverse ETF signals?

Accepted Answer

Leveraged bull ETFs (like TQQQ, SOXL) move 2x or 3x the underlying index - when the market goes up, they go up more. Inverse ETFs (like SQQQ, SOXS) move opposite to the market - they go up when the market goes down. We provide signals for both, allowing you to profit in any market direction. Inverse ETFs let you profit from market declines without shorting stocks.

Question 37

How often do you send leveraged ETF signals?

Accepted Answer

We send 3-8 signals per week, but quality matters more than quantity. We never send marginal setups just to meet a quota. Some weeks with strong setups might have 8+ signals; quiet weeks might have only 2-3. Each signal is thoroughly vetted through our 5-step process before it reaches your inbox. All signals include the analysis rationale so you understand why we took the trade.

Question 38

Can I cancel my Leveraged Signals subscription anytime?

Accepted Answer

Yes, you can cancel anytime with no contracts or hidden fees. Simply cancel through your account dashboard before your next billing date. We also offer a satisfaction guarantee - if you're not happy with the service quality within the first 30 days, contact us for a full refund. We want subscribers who find real value, not people locked into contracts.

Question 39

How do I receive the leveraged ETF trading alerts?

Accepted Answer

Signals are delivered instantly via email the moment we identify an opportunity - typically within 30 seconds of our analysis completion. Each alert includes a chart screenshot, entry price or zone, stop-loss level, profit target(s), and the reasoning behind the trade. You can also access all current and historical signals through your members dashboard.

Trading Questions Answered

Elliott Wave Theory

Fibonacci Trading

Trading Signals & Analysis

Risk Management

Getting Started

8-Week Personalized Training

Leveraged & Inverse ETF Signals

Related Resources

Elliott Wave Guide

Fibonacci Guide

Calculators

Trading Glossary

Still Have Questions?