The fourth step is about combining economic news with the Elliott analysis.
Please download the Smart News App onto your smartphone and connect to major financial markets websites. I mean it.
What is really happening is that an Elliott wave trader is taking note of the relevant economic news that he or she is consuming.
Anytime a news triggers his desire to trade or invest, he or she will switch into an Elliott wave trader mode. An highly intelligent Elliott trader or investor may be letting himself or herself down by refusing to take that step.
Those who are ignoring the economic news and fundamental analysis are frustrated wave traders who refuse to grow in a sophisticated wave trader. It is painful.
Often, people will say George, please do me a favour, I am a technical Elliott wave trader, and I do not need to know anything more. It is like an eagle who refuses to learn to fly. That is a pity state. Be an eagle eye wave trader.