Harmonic Elliott Wave — Step-by-Step Trading Guide

Think of it like a recipe book: the KB teaches you about ingredients; this playbook gives you the exact recipes.

• 
  [] Day Trade (5m to 1H): Minutes to hours. For active traders.
  [] Swing Trade (2H to 6H): Days to 1-2 weeks. For part-time traders.
• Positional Trade (1D to 12M): Weeks to months. For patient investors.

1. 
   [] Open TradingView and select your market (Gold, EURUSD, BTC).
   [] Set your primary timeframe based on Step 1.
   [] Add RSI Indicator (14-period).
   [] Have your HEW spreadsheet open alongside.

• 
  [] Day Traders: Start 4H ➡️ 1H ➡️ Execute on 15m/5m.
  [] Swing Traders: Start 1D ➡️ 4H ➡️ Execute on 2H.
• Positional: Start 1W ➡️ 1D ➡️ Execute on 1D.

• 
  [] ✅ Uptrend (Higher Highs) ➡️ Look for BUY
  [] ✅ Downtrend (Lower Lows) ➡️ Look for SELL
• ⚠️ Sideways ➡️ Wait, don't trade.

• 
  [] Wave (ii) forming: Pullback after a strong first move. Prepare to enter.
  [] Wave (iii) in progress: Strongest move beyond Wave (i) peak. Enter now.
• Wave (v) completing: Final push with RSI divergence. Prepare to exit.

• 
  [] Find the green input cells.
  [] Enter Start Price, Wave (i) High, Wave (ii) Low.
• Cluster Check: If multiple projections point to the same price, it is a HIGH CONFIDENCE target.

• 
  [] Where: Fib levels 38.2%, 50%, or 61.8% of Wave (i).
  [] Confirmation: RSI momentum turns back toward trend.
• Stop Loss: Below start of Wave (i).

• 
  [] Where: 23.6%, 33.3%, or 38.2% of Wave (iii).
  [] Stop Loss: Below Wave (b) of Wave (iii).

Risk Management Rule: Never risk more than 1-2% of your total capital on a single trade.

• 
  [] After Wave (ii) Entry: Stop below start of Wave (i).
  [] After Wave (iv) Entry: Stop below Wave (b) of Wave (iii).

1. 
   [] Target 1 (Conservative): First Fib projection. Take 33% profit.
   [] Target 2 (Moderate): Second projection (Cluster area). Take 33%.
2. Target 3 (Aggressive): Extended projection. Let 34% run.

• 
  [] New Highs with Price: Trend is strong. HOLD.
  [] RSI Divergence: Price higher, RSI lower. TIGHTEN STOP/EXIT.
• RSI breaks 40 (Uptrend): Trend change warning. REDUCE SIZE.

• 
  [] 🛑 Stop Loss Hit: Exit immediately.
  [] ⚠️ RSI Divergence at Target: Exit most of the position.
• 🎯 Price hits Wave (v) projection: Full Exit.

• 
  [] Which wave did I identify?
  [] Where was my stop and why?
• Did I follow the RSI confirmation?

UNBREAKABLE RULES:

Wave (ii) NEVER retraces 100% of Wave (i).

Wave (iii) is NEVER the shortest.

Wave (iv) doesn't overlap Wave (i) territory.

Wave (iv) NEVER passes Wave (b) of Wave (iii).

NO Quadruple Threes — Triple Three = guaranteed end.