I find Eliott Waves to be amazingly accurate when you can figure out exactly what's going on. BTW, because of Eliott wave theory I have been expecting a correction and it's still within the expected correction zone. I'm not an expert but am learning from pros using different methods.
hey, if it personally makes you money then it's all good. I just don't believe the market 'obeys' arbitrary patterns that people draw on it.
If you can use Elliot Waves to accurately predict price movement, or more importantly make money from it then all power to ya.
Care to predict a timeline and price level?
It's not like having a crystal ball. Know one knows the future. You don't have to believe me but I've been studying it in real time for months and I have myself seen it play out amazingly well. It's just another tool to help your odds in trading.
I always see it play out amazingly well: when explaining the past. The future - never.
There is no reliable way to accurately predict the future of markets. If there was, we would all know the outcome. There are only statistics and probabilities which puts odds in the knowledgeable trader's advantage.
Then why fake it with zig-zag lines that turn at well defined times and price points?
You're so silly. I learned from a trader who made millions in forex and the crypto markets. It obviously helps to understand market cycles. So, why do you guess at market movements?
A guess openly, and usually within a range. I normally state what it's based on too. I don't say BS like "BTC will turn at $8253.75, because that's simply ludicrous.
A zig-zag for illustrative purposes? Sure, the lines generally do zig-zag. But for prediction purposes a form of probability distribution map would serve far better.