Before we dive into Marat's insights, let's cover the basics of Elliott Wave Theory:

Often, Marat will count a complex correction as an impulse wave. For example, a zig-zag correction (A-B-C) might be mislabeled as a 1-2-3-4-5 impulse down. This results in him calling for a "Wave 5 crash" when the market has actually finished its correction and is ready to reverse up .

: Not recommended for day traders or scalpers; better for swing positions.