CMT Level 1 Exam Prep Course: Comprehensive Preparation

Explore bar charts with open, high, low, and close for daily and weekly bars. Understand how amateurs and professionals influence price action and how candlestick readings differ.

Explore candlestick charts that show opening and closing prices, high-low range, and direction; understand green versus red candles, upper and lower shadows, momentum, reversals, and charting pitfalls.

Master candlestick pitfalls and charting scales, including arithmetic, log, auto, and semi-log scales, and learn to avoid misleading conclusions by using multiple indicators and confirming signals.

Identify Dow Theory trends by higher highs and higher lows for uptrends, and lower highs and lower lows for downtrends. Define primary, secondary, minor trends using monthly and weekly charts.

Learn how support and demand zones form in downtrends, and resistance and supply zones form in uptrends, using two or more points and major versus minor levels across time frames.

Explore six basic candlestick patterns, focusing on long candlesticks and marubozu, and learn how opening, closing, and shadow length signal momentum and potential reversals in uptrends and downtrends.

Analyze how long candlestick patterns signal uptrends, reversals, and breakouts after sideways action. Examine how short candlesticks express indecision, momentum loss, and range-bound markets, with doji patterns signaling upcoming breakouts.

Identify the four doji types, including gravestone and dragonfly, where open equals close, and learn how long shadows and narrow range trades signal reversals with confirmation.

Analyze long upper and lower shadows in candlestick analysis to identify potential trend reversals, consolidation signals, and the role of intraday versus daily volatility and confirmation.

Identify reversal patterns, especially head and shoulders top, with left shoulder, head, right shoulder, and two armpits forming a neckline, and a break below neckline confirms the pattern.

Learn how breakout volume confirms the head and shoulders top, with rising left shoulder volume, declining head and right shoulder volume, and a neckline break yielding measured price targets.

Explore the head and shoulders top psychology, its three components, and how trader psychology drives a neckline break to predict downside moves, including variations and a horizontal neckline break.

Explore variations of the head and shoulders top, including horizontal neckline, spike head patterns, and uneven shoulders, and learn volume confirmations and invalid patterns to identify trend reversals.

Master the inverse head and shoulder pattern, its three valleys and neckline breakout cues. Learn volume signals and price targets that indicate a trend reversal into an uptrend.

Double bottom signals a bullish reversal after a downtrend, with two near-equal valleys and a neckline; confirm by closing above the neckline and consider 2–7 weeks separation and volume cues.

Explore double bottom patterns, including Adam and Eve variations, and how volume, buyer strength, and smart money accumulation shape entry points and breakouts above the second bottom.

Identify and differentiate Eve and Adam double bottoms by analyzing width, spikes, and rounded patterns, apply the 5% rule, and recognize trend changes after break above the peak.

Identify valid double bottoms by ensuring a prior downtrend and price closes above the top of the pattern, as shown in A and B.

Identify and validate double bottom patterns in a downward price trend; A, B, D, and E are valid, with E wider than Adam signaling an uptrend.

Explore the triple bottom bullish pattern with three near-equal lows and decreasing volume, confirmed by a close above the highest peak, signaling a trend reversal and setting a price target.

Master triple bottom variations as a reversal pattern from a downtrend. Confirm the pattern when prices close above the higher peak between the three bottoms, triggering a rally.

Learn to identify a triple bottom formation, interpret volume patterns across A, B, and C bottoms, and apply exit rules during throwbacks to spot trend reversals.

Identify a valid head and shoulder bottom and triple bottom on a June 2010 to November 2011 chart, assess pattern validity, and recognize reversal signals from neckline breaks.

Learn how the double top forms as a bearish reversal in an uptrend, with two nearly equal peaks, a neckline valley, and downside confirmation plus target calculation.

Identify a double top formation around the neckline, confirm with break below the valley, and recognize psychology and volume cues that signal a bear reversal.

Explore the four variations of the double top, including Adam and Eve and even Adam, and learn how spikes, candle patterns, and neckline analysis signal potential reversals.

Explore variations of chart patterns like Adam and Eve, double tops, and triple tops, including neckline breakouts and trend-line confirmation, with guidance on intraday and longer-term implications.

Explore the facts of double tops as a reversal chart pattern, including the impact of prior upmove size and ATR, and note its stronger bear-market performance plus a chart exercise.

Triple top forms from three peaks at similar prices, extending a double top and signaling a downtrend; confirm with a close below the lowest valley and watch volume.

Explore how triple tops form as three peaks with evolving volume, testing support and resistance, noting valley breaks, decreasing volume, and the middle peak volume exception for potential entries.

Identify and analyze chart patterns like triple tops, double tops, head and shoulders, and double bottoms. Emphasize trend direction, breakouts, and the rule of closing above highs.

Examine the rising wedge as a reversal pattern in uptrends, formed by higher highs and higher lows within a contracting range, with volume patterns signaling breakout and downtrend.

Explain the falling wedge as a bullish reversal pattern in a downtrend, featuring lower highs and lower lows, contraction of price range, and a breakout with rising volume.

Identify minor highs and minor lows within a five-day window around the peak to map trend direction, draw trend lines, and apply Dow theory continuation patterns in uptrends and downtrends.

Identify minor lows and minor highs to map valleys and turns, draw trend lines, and determine down or sideways markets through chart practice.

Learn how to draw and use trend lines and channels to identify uptrends and downtrends by connecting higher lows and lower highs, with Dow theory context and scale considerations.

Understand the slope of trendlines by examining 45°, 75°, and ten-degree angles to gauge reliability, with 45° indicating balance and stability, while steep or shallow lines signal potential reversals.

Compare linear (arithmetic) and logarithmic scales, including semi-log, and show how monthly charts with a log scale reveal trends, channels, and clearer trend lines.

Identify and apply three trend line types—external, internal, and curved—to price action; learn how breaches, intersections, and throwbacks signal potential trend changes and reversals.

Explore trend line importance based on length, number of tests, and slope. Apply guidelines on touch spacing, shallow versus steep lines, and volume cues that validate breaks.

Master trend channels by learning ascending and descending channels, drawing price channels with trend lines, and using channel trading to identify higher highs, higher lows, support, and resistance.

Identify the rectangle pattern as a continuation or reversal based on prior trend and breakout direction, with bottom and top variants, two touches, retest, and a height-based target.

Identify rectangle patterns on price charts by connecting minor highs and lows with trend lines, define the pattern by prior trend and trend length, two touches (three preferred), and volume.

The lecture explains rectangle patterns, including rectangle top and bottom, and how volume and breakouts signal continuation or reversal during uptrends, with undershoot, overshoot, and three minor highs and lows.

Explore variations and rectangle patterns in price charts, identify rectangle bottoms versus tops in a downtrend, and practice spotting support, resistance, and volumes.

Explore rectangle bottom and top chart patterns, including overshoot and undershoot, as prices trend within two horizontal lines and break out with volume.

Explore the ascending triangle pattern and burst ascending triangle, including false breakouts, breakout dynamics, and the psychology behind reversals, with live chart examples and variations.

Understand the psychology of the ascending triangle: higher lows and selling at a constant price create a horizontal base and an upward front line, with volume signaling breakouts.

Identify apex formations within triangles, differentiate ascending triangles from wedges, and spot head-and-shoulders breakouts as prices converge and reverse or continue trends.

Identify the descending triangle, formed by lower highs and equal lows in a downtrend. Learn its continuation and reversal roles, volume patterns, breakout targets, and white space variations.

The ascending triangle is a continuation pattern, 80% continuation and 20% reversal, identified by a horizontal top of equal highs and an upward-sloping bottom line, with two targets after breakout.

Explore busted triangles and descending triangle patterns on stock charts, learn to identify apex breakouts, false breakouts, and volume-driven rallies to master chart pattern recognition.

Analyze rectangle top and bottom patterns with volume signals, identify breakouts, recognize undershoot and overshoot, and understand continuation versus reversal dynamics for exam readiness.

Identify descending triangle patterns on price charts by analyzing the trend line, tops and bottoms forming five legs, avoid white space, and use volume and double bottoms to confirm breakouts.

Examine the symmetrical triangle pattern with two converging sloping trend lines and an apex, noting volume behavior and its 80% continuation and 20% reversal potential, plus target methods.

Explore the symmetrical triangle pattern, defined by upper and lower trend lines and three minor highs and lows, with breakouts in either direction and volume dynamics.

Identify symmetrical triangles, descending triangles, ascending triangles, and head-and-shoulders bottoms by analyzing trend lines and breakouts. Preview continuation patterns, including flags and pennants, in this triangle-pattern lecture.

Identify bull and bear flag patterns as continuation signals, featuring a flagpole, sideways consolidation, and breakout, signaling resumed uptrends or downtrends with volume expanding at breakout.

Learn to target flag and pennant moves by measuring pattern height from breakout, and distinguish pennants from triangles by converging lines and duration.

Explore the psychology behind flag and pennant patterns, how earnings and dividends influence uptrends and breakouts, and how traders combine fundamentals with technicals to trade these patterns.

Explore flags and pennants, focusing on flagpole identification and the 80% continuation versus 20% reversal; use bar charts and trend lines, then practice pennant identification.

Identify pennants and flags as continuation patterns, understanding flagpole, breakout, and target achieved, with examples of lower highs and higher lows; preview oscillators and point and figure charts.

Explore how gaps reveal price moves between close and next open, covering gap up, gap down, causes, and the four gap types: common, breakaway, runaway, exhaustion gap.

Explore gap up and gap down, defined by opening price relative to the previous close, and see how unfilled gaps signal candlestick trend strength, while filled gaps suggest reversals.

Explore the common gap, its formation during congestion, why it traps traders, how it fills, and relate it to triangle patterns and low volume signals.

Analyze common gaps and their fill timing using open, high, low, close data; identify same-day or 1–2 day fills, and note gaps in trading ranges.

The breakaway gap marks a new trend as prices break out of a trading range with heavy volume, often delivering new highs or lows and not filling the gap.

Analyze breakaway gaps and their chart implications through candlestick patterns, volume, and volatility. See how breakout confirmations and trader reactions reveal reversals or continuations, illustrated by ascending triangle patterns.

Explore runaway and continuation gaps within strong uptrends, their volume signals, and how to use candlestick patterns to confirm trend continuation rather than exhaustion.

Learn runaway gaps with candlestick patterns and volume. See down and up trend examples, breakaway gaps, indecision doji candles, and exhaustion gaps.

Exhaustion gap marks the final surge of a strong price move, signaling end of trend and likely reversal. It requires high volume and candlestick reversal cues for confirmation before acting.

Identify common, breakaway, continuation, and exhaustion gaps, and learn to measure targets with a runaway gap, using patterns like flags and reversal signals.

Identify gap patterns including exhaustion, breakaway, continuation, running, and common gaps, and use the continuation gap measure rule to project price targets.

Compare western and eastern technical analysis, focusing on price, volume, moving averages, and momentum oscillators in western methods, and candlesticks in eastern analysis, for cross-confirmation of signals.

Explore the momentum oscillator, a price-based indicator that measures the rate of change in price and volume, revealing the speed and acceleration of price moves.

Explore how momentum oscillators serve as key indicators in technical analysis, providing alert, confirm, and predict signals for trend strength, reversals, and breakouts.

Analyze candlestick shadows and price gaps with momentum oscillators to time breakouts, using leading indicators like RSI and stochastic alongside lagging indicators such as moving averages and MACD.

Leading indicators suit short-term traders by signaling early trend changes, while lagging indicators like moving averages and MACD guide long-term views, with volume used to confirm signals.

Discover the relative strength index, a momentum oscillator by J. Welles Wilder, using prior prices over a chosen period to gauge momentum and flag overbought, oversold, and divergence.

Explain how the RSI momentum oscillator marks overbought and oversold zones on a 0-100 scale, as a leading indicator, with 70/30 thresholds, smoothing, and dual RSI for confirmation.

Learn how divergence signals momentum loss and potential reversals using RSI across time frames—from daily to monthly. Explore bearish and bullish divergences and how candlestick patterns confirm reversals.

Explore how the RSI momentum oscillator marks overbought and oversold conditions and divergences, clarifying that RSI alone does not predict short-term price moves and requires confirmation from other technical signals.

Understand how moving averages smooth prices to reveal trends and momentum indicators. Recognize simple and exponential moving averages as building blocks for oscillators such as MacD and the McLean oscillator.

Explore how simple moving averages shape chart interpretation by comparing 10-day, 50-day, and 100-day moving averages, their responsiveness to price, and how they reveal trend, support, and resistance.

The exponential moving average reduces lag by weighting recent prices; compute SMA, set the multiplier 2/(period+1), then apply EMA as (close minus prior EMA) times multiplier plus prior EMA.

Analyze the macd momentum oscillator formed by 12 and 26 day ema, with a 9-period signal line, to identify convergence, divergence, and trend changes in markets.

Leverage the macd by comparing two exponential moving averages and the signal line to identify convergence, divergence, crossovers, and zero-line signals, revealing momentum shifts, potential reversals, or sideways action.

Explore MACD crossovers and signal lines to identify buy and sell signals, including bullish or bearish divergence, zero-line signals, and how momentum and lag affect timing.

Learn how MACD divergences signal momentum shifts, including convergence and divergence, crossovers, and histogram readings; use MACD above the signal line to identify bullish uptrends and momentum.

Explore how the stochastic oscillator identifies divergences, oversold and overbought zones, and k–d crossovers, guiding trend signals and trailing stops within a broader oscillator toolkit.

Apply the stochastic formula to compute percent K and percent D from a 14-day high–low range (C, L14, H14) and explore divergences and crossovers in ranging and trending markets.

Explore how the stochastic oscillator guides trades in a ranging market, using percent d and percent k, oversold and overbought levels, bullish and bearish divergences, crossovers, and trailing stop losses.

Learn how to use the stochastic oscillator to spot uptrends and downtrends, apply trailing stops, and identify divergences, overbought and oversold signals for practical trading.

Explore the stochastic oscillator chart, identify divergence and overbought/oversold zones, and understand crossovers of the %K and %D lines within chart analysis.

Explore the money flow index, a volume weighted RSI style oscillator, and learn its 14-period calculation using positive and negative money flows.

Learn to compute the money flow index in Excel by calculating typical price, positive and negative money flow, and the 14‑period ratio to derive the MFI.

Analyze how the money flow index combines price and volume to signal overbought and oversold conditions, noting its lagging behavior and use of failure strings.

Learn how the money flow index blends momentum and volume to identify overbought and oversold conditions, failure swings, and divergences, signaling potential reversals with confirmation from other indicators.

Explore how accumulation distribution, a volume indicator, uses volume to confirm price trends and signal potential reversals, alongside Chaikin Money Flow and OBV.

learn how to calculate and interpret the accumulation distribution (ad) indicator using close, open, high, low, and volume; explore divergences with price and how ad signals trend strength or reversals.

Explain the accumulation distribution line using money flow multiplier and money flow volume to measure volume-adjusted price action and prepare for the Chaikin money flow index.

Learn how chaikin money flow, a volume based momentum oscillator, uses 20-day money flow volume over total volume to reveal buyer versus seller pressure and zero-line crosses indicating signals.

Chaikin money flow calculation and a 0.05 threshold to identify rallies or declines, and combine CMF signals with chart patterns like flags for stronger trade signals.

Master Chaikin Money Flow by analyzing daily, weekly, and monthly charts to spot buy and sell signals, verify with candlestick patterns, and avoid hourly chart whipsaws.

Ichimoku cloud is not an oscillator or leading indicator; it uses moving averages and daily high/low data to form five lines and predict support, resistance, and trend strength.

Master trend analysis with the ichimoku cloud, identifying uptrends, downtrends, and flat markets. See how five lines—conversion, kijun, senkou span a and b, and chikou span—signal entries and exits.

Spot the uptrend with Ichimoku: green cloud, blue line above red, and price above the red line, with exits when the price crosses below the red line.

Identify a downtrend with ichimoku cloud: red cloud, blue crosses below red line (26-day moving average), and price crossing below red line. Sell occurs when conditions align with leading spans.

Identify uptrends and downtrends using conversion line and baseline crossovers, with cloud signals to buy when blue crosses above red in a green cloud, and sell on the reverse.

Apply Ichimoku cloud signals using price baseline, price above the cloud, and green cloud to enter and exit; understand uptrends and downtrends with live McDonald's and monthly chart examples.

Learn to read Ichimoku cloud across monthly, weekly, and daily charts to identify buy and sell signals, verify trends with lines and cloud color, and apply to stocks and currencies.

Learn on balance volume (obv), a simple volume-based indicator that adds or subtracts daily volume from prior obv when price closes higher or lower than the previous day.

Explore how obv uses volume as a leading indicator, with a walmart chart example showing rising obv on up days and falling obv on down days, signaling possible price moves.

Master obv characteristics, defining trend, sideways action, and support or resistance breaks to generate trading signals. Learn how closing prices, divergences, and volume spikes shape obv-based outlooks and rallies.

Use OBV signals to confirm trends and identify buys when OBV hits new highs and sells when it falls below prior lows, including trading-range breakouts and divergences.

Learn to spot bullish and bearish divergences using OBV on charts, including weekly views, naked-eye checks, and volume signals, and see how divergences lead to breakouts and confirmations.

the lecture explains OBV, bearish divergence, and support breakouts, showing how negative volume and lower highs signal sell-offs and trend reversals in charts.

Explore volatility concepts in level one derivatives, including calls and puts, implied vs historical volatility, and how volatility drives option pricing and parity.

Implied volatility reflects market expectations embedded in option prices, driven by order flow and demand, signaling risk and shaping calls and puts ahead of earnings.

Explore how higher option prices reflect rising implied volatility after earnings and how lower volatility reduces option costs, while calls and puts reveal bullish and bearish dynamics.

Explain put-call parity by contrasting put options and call options with the cash and futures markets, highlighting margins, lot sizes, and how premiums and volatility affect profits.

Understand put-call parity and how higher call demand inflates call prices, with arbitrage aligning put prices; same strike price implies equal implied volatility for calls and puts.

Explore put-call parity through long stock, long put, and long call scenarios. See how price moves above or below 50 affect profits, losses, and downside protection.

Learn how to value options using pricing calculators by inputting variables like underlying price, strike, time to expiration, and implied volatility to derive a theoretical option price.

Pricing calculators show how inputs like underlying price, strike, volatility, and expiration determine option value, and how market price mirrors implied volatility and Greeks.

Explore how near-term price changes from earnings reports drive supply and demand for options, shaping implied volatility and option pricing around upcoming stock moves.

Analyze how implied volatility around earnings shapes near-term option pricing and stock moves, using Amazon earnings as a case study and translating 155% IV into ~9.8% one-day moves.

Explore how implied volatility drives option prices around earnings announcements, showing IV spikes near the release, affecting calls, puts, and overall option value despite limited stock price movement.

Explain how implied volatility shapes call option prices at strikes around 24, with undervalued and expensive cases, and introduce the vix as a market volatility gauge.

Explore how the Cboe Volatility Index (VIX) measures implied volatility priced into index options, projecting 30-day market movement and signaling fear in the overall market.

Learn how the VIX is calculated using non-mathematical and mathematical approaches, including S&P 500 option prices and synthetic 30-day options, and explore VIX put-call parity.

Explore put-call parity and the inverse relationship between VIX and stock prices, explain how demand for puts raises implied volatility, and show arbitrage and synthetic positions.

Explore how put-call parity and arbitrage relate to VIX-driven market movement, illustrating stock plus long put versus long stock with short call strategies and hedging of downside risk.

Analyze how the VIX measures 30-day implied volatility of S&P 500 options and forecasts next 30 days of market movement. Use the sqrt(12) formula to derive daily and 30-day moves.

Track open interest—the total contracts held by buyers and short sellers in futures and options—as it rises with new positions and falls when positions close, gauging market breadth.

Learn how open interest rises when fresh buyers enter and falls as bulls and bears exit, with crowd psychology, long and short positions, and trading rules guiding reversals or continuation.

Explore how price, open interest, and implied volatility reveal market psychology and trend strength through four open interest scenarios on Bank Nifty and ICICI Bank charts.

Explore how Dow theory underpins technical analysis and Elliott wave theory's waves, defining uptrends by higher highs and higher lows, and downtrends by lower highs and lower lows.

Explore the wave principle's five-wave motive pattern, where waves one, three, and five rise while waves two and four correct, forming impulsive and corrective waves that drive trends.

Explore Elliott Wave theory's corrective phase, distinguish motive waves 1–5 from A, B and C, and apply rules: wave two retraces less than wave one.

Master the Elliott wave rules for impulsive moves: wave two cannot retrace complete of wave one; wave three cannot be the shortest; wave four cannot enter wave one’s territory.

Learn to identify impulse patterns in price waves, applying the five-wave structure 5-3-5-3-5, retracements, and alternate counting rules.

Explore the Elliott wave degree framework from grand supercycle to sub minute, with nine degrees, and learn to read the complete market cycle using motive and corrective wave rules.

Explain how wave counts 1-5 and abc corrections define minor, intermediate, and primary cycles, including extinctions, with future scenario implications.

Explore extension in Elliott wave theory, where waves 1, 3, or 5 extend in dynamic markets, with wave 3 extension often yielding equality of waves 1 and 5.

Explore the concept of extension in impulse waves, including wave three and wave five extensions, double extensions, and implications for stock and commodity markets.

Understand third and fifth wave extensions, with 1-2-3-4-5 structures across primary, intermediate, and minor degrees, including third of third and fifth wave extension.

Learn about truncation in Elliott wave theory, where wave five does not surpass wave three in impulsive moves, with bull and bear truncations, crowd psychology, and pattern-based trading concepts.

Examine the ending diagonal, an A3333 wedge-like pattern in wave five, and how it marks impulsive versus corrective moves and signals possible breakouts.

Learn the leading diagonal pattern in impulsive and corrective waves, including its formation in wave one or wave A and its rarity. Use Fibonacci ratios to identify targets and support.

Explore the Fibonacci sequence, where each term equals the sum of the two previous ones, and the 0.618 ratio. Learn key trading tools and levels: retracements, arcs, and time extensions.

Learn how Fibonacci retracement levels 23.6, 38.2, 50, 61.8, and 76.4 are derived, and how to apply them to gauge retracements and identify the golden ratio support/resistance on live charts.

Continue learning Fibonacci retracement and projection to set price targets using extension and 61.8 levels, with USD/INR chart examples and connections to Elliott wave theory.

Learn how impulsive and corrective waves underpin Elliott Wave theory, including five-wave patterns, key rules, wave degrees, and Fibonacci retracements. Explore corrective forms—zigzag, flat, triangle, and combinations—and their real-time identification.

Analyze corrective wave patterns, including single, double, and triple zigzags (a-b-c, w-x-y), with 61.8% retracements and truncation rules, and identify bull and bear market scenarios.

Explore double zigzag and regular flat patterns in price action, focusing on wave structures (w x y, a b c) and Fibonacci projections 0.618 and 1.618.

Explore irregular expanded flats in wave A, B, C, where B travels about 100%–168% of A, and C may extend beyond the end of A, unlike regular flats.

Learn about corrective wave patterns such as regular, irregular, and running flats, plus triple zigzags and triangles, and how running flats imply fast trend moves in the previous direction.

Learn how triangles form as five-wave corrective patterns with three correct segments and 50% retracement, potentially continuing or reversing, with ascending, descending, contracting, expanding, and running-triangle variants.

Explore contracting and expanding triangles, post-triangle thrust, running triangles, and double and 333 combinations, plus Fibonacci relationships that identify impulsive and corrective waves in Elliott wave theory.

Explain the Fibonacci relationship by detailing the golden ratio (phi) 0.618 and 1.618, and apply retracement, multiples, and dividers to price and time in wave theory.

Explore Fibonacci retracements and relationships in impulsive and corrective waves, including wave A, B, C, zigzags and multiples, with key ratios 0.618, 0.382, 1.618, and 0.5–0.79 for retracements.

Explore Fibonacci multiples in contracting and expanding triangles, reveal the golden section 0.618 and its 0.382/0.618 split, and illustrate a length division where a/b equals b/c.

Analyze impulsive waves, where wave four divides the sequence into golden sections or equal parts. Identify Fibonacci price and time clusters to target future waves.

Learn the anatomy of Elliott wave trading, including impulse and corrective waves, and Fibonacci's role. Apply the rules, stop loss placement, risk management, and best setups to trade.

Discover how the Elliott wave principle improves trading by identifying trend, counter-trend moves, maturity, and targets, with clear invalidation points. Learn impulse versus corrective waves and the five core patterns.

Identify the dominant trend with the five-wave principle, trading in its direction. Recognize counter-trend three-wave corrections (zigzag, flats, triangles) to time pullbacks and rejoin the trend.

Identify the maturity of a trend using the Elliott Wave framework, recognizing impulse and corrective waves, applying Fibonacci targets, and using invalidation points to time exits.

Apply the Elliott wave principle to trading by identifying invalidation points and following impulse wave rules to decide when not to trade, focusing on waves 3 and 5.

Master four best wave trade setups—wave three, wave five, wave A, and wave C—in uptrend and corrections to guide alert wave trading.

Learn when to trade corrections and impulsive moves, apply post-pattern trading rules, assess ending diagonals and triangles, and integrate risk management and trading psychology.

Trade on break of patterns by waiting for price confirmation, entering opposite to the dominant trend, and using protective stop losses, with guidance on ending diagonals and wave five breaks.

Explore how ending diagonal patterns indicate potential bear-market setups, and compare conservative versus aggressive entry techniques with protective stops and wave-based invalidation rules.

Explore aggressive and conservative trading approaches to zigzag corrections and post zigzag entries after ending diagonal pattern, including post flat pattern setups and key stop loss rules.

Identify triangle patterns and trade breakouts after wave d, with a protective stop at wave e. Emphasize risk management and trading psychology, using a 3 to 1 risk-reward ratio.

Master risk management through trade size and risk-reward, limiting risk to 1–3% per trade, and apply psychology of trading with a simple methodology and discipline.

Apply a proven methodology with discipline, avoid guts and feelings, manage unrealistic expectations, stay patient, and prevent overtrading.