To all the people saying the analysis is useless zig zag and is "changing all the time" - to make use of any technical analysis you have to understand how to trade off it.
Elliott Wave is based on probabilities, it's not a crystal ball. That means it can show you good places to enter with great risk to reward ratio. However, the market can also decide not to take the setup, and invalidate. That doesn't mean that the prior analysis was wrong - it just means the market didn't take the setup.
Say there is a 1-2 count in place. You place a trade at the bottom of 2 and set a stop or alert just below the start of 1. If it follows through, look for projected targets of waves 3 and 5 to take profit. If the setup fails and price goes below the start of wave 1, stop out and wait for the next one.
"The trade will come to you." Especially if you get the hard work, i.e. the analysis, for free.
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Nice info and great reply thanks.