Hello world!

Elliott Wave Predictor is an excel spreadsheet that uses Elliott Wave Theory and Fibonacci to predict what the next strike price target will be. It is a dynamic model because it incorporates historical strengths and weaknesses of the the overall wave and applies those same strengths and weaknesses to the predictive wave.

It is best used to target the next sequence in a bull cycle. It’s power is giving the user a target peak or valley of the next wave, so you aren’t trading blindly. And when “gurus” say get in now, I test the stock they are recommending in this model, if there is margin until the next target, I get in; if not, I pass.

The model effectively reverse engineers what the peak Waves 3 & 5 could be from the Wave 0 to Wave 1 sequence. I call this W5-1 or W3-1. When Wave 3 is reached, the model will again reverse engineer what Wave 5 could be, thus giving 2 predictions. I call this W5-3. It then compares W5-1 to the W5-3 sequence. Results that are close, within a 5% variance for example, indicate the stock fits the the Elliott Wave theory. There are more nuances, but this is the gist.

Additionally, I have added date sequencing of when the price targets are met, to determine when the next price target could be met. This is a nice feature for those that trade in options to determine how long of a position they should buy. I typically would buy a Call contract for at least double the time the model suggests so I’m not fighting the time decay to the option waiting for the strike price to reach the intended target.

I have searched Youtube and the internet for something similar to this model and have found none. It is surprising how many gurus are out there, getting way too technical when it is not necessary. Or worse, giving out misinformation.

The math is simple, the theory is sound. This tool will help you see the targets for the next step. I plan to post some videos how to use the model and show its power. I will make a channel, Stay tuned!

If you have read this far, I’m currently in a dilemma. Because the money to be made is more from good trades and finding stocks that fit the theory. The problem isn’t in the model, but it is finding stocks that fit the theory. And finding enough stocks so that when one is correcting, another is impulsing so you can make a switch.

So I’m debating whether to offer the model for free and have a community to share stock ideas, or offer subscription plans of freemium, and a couple other tiers at modest price.

I’ll set up an email, d.larson@ElliottWavePredictor.com so send me your vote or idea.

I am not an investment advisor or stock broker. My background is in accounting and finance for business and I’ve dabbled in elliott wave for 20 years or so. The math seemed so simple to me and I was always running the same calculations for a stock. So I decided to build the model instead and the features just grew. It makes it alot easier to see what is going on in a stock. I would rather not just sit on this information if it makes sense to others.

Thanks.

David Larson