The basic pattern is 5 waves up and 3 waves down, the 3 waves...

The basic pattern is 5 waves up and 3 waves down, the 3 waves down are a correction of the 5 wave uptrend. each of the 1,3,5, waves up can contain 5 smaller waves within each larger wave, and when the count is correct the 3 waves down will usually terminate in the space of the previous wave 4.(as in LGL here)

if you keep it this simple and trade only the obvious set ups it becomes a workable pattern.

You dont want to study Elliot Waves to death otherwise youll never make the trade beacuse youll allways be 2nd guessing it.