In this blog I am going to show you Elliott Wave Set up that helped us to capture more than 20% move in Coromandel International. This is our most favorite Elliott Wave Trade Set Up called Set Up 1 Buy. It is a Trend following Set Up where we trade for the 5th Wave rally.

The following video will help you to understand what Set Up 1 Buy is.

Now as you have understanding of Set Up 1 Buy, let us discuss the recent trade of Coromandel International. The Set Up Buy was on a weekly chart and the following video will help you to understand how we analyzed the structure and planned the trade. 

 This Set Up works with a great accuracy and the accuracy shoots up even further when we have a Triangle in Wave 4. Some of Trades where we had a Triangle in Wave 4 have been covered in my previous Article here: Elliott Wave Triangle: Easy and The Most Accurate pattern – Dev Advisory – Stock Market Educational Institute