What markets does Elliott Wave work on?

Elliott Wave works on any liquid, freely-traded market with sufficient price history: US stocks, ETFs, indices, forex, commodities, futures, bonds, and cryptocurrencies. It works best on liquid instruments and worst on thin or manipulated markets.

The wave principle is grounded in collective investor psychology, which means it applies wherever a sufficiently large group of participants are trading freely. This is why Elliott Wave has been successfully applied to: US equities (individual stocks and indices like the S&P 500), sector ETFs (XLK, XLF, XLE, etc.), forex pairs (EUR/USD, GBP/JPY), commodities (gold, crude oil, copper), bond yields, and cryptocurrencies (Bitcoin, Ethereum). It works less well on: thinly-traded microcap stocks (insufficient participants), heavily-manipulated markets (state-controlled FX pairs), and markets with very limited price history. For US stocks specifically, Elliott Wave performs best on liquid large-caps and ETFs. Artavest applies the wave principle to a curated universe of 108 US instruments — 96 stocks and 12 sector ETFs — chosen for liquidity and institutional participation.

• → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
• → How to Count Elliott Waves — 6-step process used on 108 instruments
• → Elliott Wave Fibonacci Guide — the 7 core ratios and how they're applied
• → Rules and Guidelines — the 3 absolute rules + 7 guidelines

RELATED QUESTIONS

Weekly wave counts on 108 US instruments

Every Monday Artavest publishes fresh wave counts with primary count, alternate count, and explicit invalidation levels.