Hi Trader53. Ive been reading your much appreciated posts. I'm learning a great deal. Many thanx. So your buy setup is when the price is below both the 34 and 8 day-moving avg respectively. I suppose this is specifically after a well formed sideways trading base right?
The following list of Embedded stock charts, show stocks that had declined in an Elliott 5-Wave sequence, and were ready to "Retrace" their declines, with an Elliott Wavea,b,c corrective Up phase.