Certain individual stocks, including widely traded ones, do exhibit clear Elliott wave patterns; others don't. It just depends on the stock and the time frame. For an individual stock, avoid taking action unless you’re able to discern a clear wave pattern. If there is a clear pattern, then, in terms of taking action, the wave count of the individual stock supersedes the wave count for the market as a whole. Emerging growth stocks tend to display the clearest Elliott wave patterns because of strong investor emotion that accompanies their development. There are also numerous examples of other types of stocks that display clear Elliott wave patterns. For more, please see Elliott Wave Principle, Chapter 6, pp. 171-172. Our online, on-demand trading course, “How to Select and Trade Individual Stocks, Parts 1 and 2,” may also help.
Browse other on-demand courses that teach you how to trade with Elliott by Wayne Gorman and other EWI trading instructors.