Let us be brutally honest. Mastering Elliott Wave with Glenn Neely is not for the casual retail trader who trades on a phone app during lunch breaks.

Glenn Neely attempts to remove the guesswork from Elliott wave by imposing mechanical rules – but mastering his system demands more discipline than most traders possess.

After a "NeoWave" pattern completes (e.g., a Diamond or Terminal), you must see a 48-hour (or 6-candle) reversal confirmation. If the market does not move violently away from the pattern within 48 hours, the pattern has failed. This rule saves Neely traders from holding losing positions based on "perfect patterns."