Eliot wave Theory (Binary option )

Eliot wave theory is one of the old and trusted wave pattern thery this image shows how to use Eliot wave theroy and how to find entry in Eliot wave thery with binary option trading 

1)Marking Elliot wave correctly 

In the image bellow shows correct marking of Elliot wave 

In the image above you can clearly see the marked Elliot wave pattern complete Elliot wave comes with 8wave pattern where first  five waves is impulse move and rest 3 waves are corrective move 

In first 5 waves also we have 3 impulse moves and two corrective waves which move opposite to trend direction 

2- what we need to identify

Identifying first wave in Eliot wave cycle is very important if we able to identify first wave correctly according to rules stated in image 1 then we can get some sure entries with the help of Fibonacci extension tool so finding one two move of Eliot wave is very important

3- Alright I found wave 1-2 correctly what's next :-

Once you found 1-2 wave correctly your next task is to pull your fib extension tool and wait till price reach the level and once it meet entry conditions you can enter the trade with 3-5 candle expiry 

Following image shows how to take entries with help of Fibonacci extension tool and rules are written in image itself

The image above shows complete wave cycle and Fibonacci levels marked along with rules 

Now there are some rules you must follow while entering the trade 

1- Enter the trade in direction of minor trend

2-use to find double pressure situvation in direction of your trade 

3- open position exactly at the level on rejection

Those are the three very basic and important rules you need to follow 

4- how does it look when we identify 1-2 wave correctly?

In the image bellow I uploaded the image with identified 1-2 wave all I need to do is pull Fibonacci tool and wait till level is reached Nd follow the rules above I stated if all rules met enter trade if no opportunity found wait for next good opportunity 

Here I need to draw Fibonacci level from low of wave 1 to high of wave 1 (refer first image for identifying wave 1) and need to enter in trend direction at Fibonacci level if all entry rules are met (refer image 2)