Most Elliott Wave practitioners admit that their system is only meant to be a “general guide” with many possible outcomes (i.e. additional randomness and variability is introduced). That is, there is an “ideal” wave pattern according to the theory, but in practice there can be deviations from this pattern. Nothing about this admission refutes the above arguments, nor does it strengthen the underlying predictive power of Elliott Waves.
Wave traders generally enter at breakouts, and in my opinion it's too late. By reading the price correct, you will have a much better risk reward ratio.
Noticed there are many good wave traders. This is just my opinion.
Wave traders generally enter at breakouts, and in my opinion it's too late. By reading the price correct, you will have a much better risk reward ratio.
Noticed there are many good wave traders. This is just my opinion.