Seems complex. I just got into chart reading recently and id like to try all the tools used to maximize my growth and profits. This might be something i check out when im more experienced, good insights tho!
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Getting the book Elliott Principles would help immensely:
https://steemit.com/bitcoin/@haejin/n98sk-haejin-s-ta-book-recommendations-for-elliott-wave-and-chart-pattern-recognition
Please save yourself a lot a time and start with Haejin and the books he recommends on Elliott Waves and Pattern Recognition. Go back to earlier videos. They start off very simply, and progress in complexity. There is a wealth of information here, not to mention the massive profits.