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10 Riding the Storm: Elliott Wave Market Analysis
Elliott Wave analysis of indexes.
- Rank: 47
- Followers: 13
- Votes: 132
- Years Member: 19
- Last Update: 23 January 2021, 16:14
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Categories:Elliott Wave Analysis
Chart Patterns
1/21/21
After 3 months using harmonic wave theory it appears both methods will get you to the same place with harmonic making 5th waves easier to identify.
10/10/20
I have used a combination of Elliott/Frost & Prechter/Neely for many years. Throughout that time I noticed there was something off with that. 3-wave patterns where 5-wave patterns should be, missing 4th and 5th waves, what I thought were 4th waves actually being part of higher degree corrections... Thus a measure of creativity has been necessary to make traditional Elliott theory fit what was happening. I recently studied Harmonic wave theory per Ian Copsey where 1-3-5 of impulse waves are a-b-c instead of 1-2-3-4-5. That seems to be the answer but I am still a work in progress in figuring out if that can be used in real time. So my counts may be a mess until I determine if that is the answer.
The great mistake is to anticipate the outcome of the engagement; you ought not to be thinking of whether it ends in victory or in defeat. Let nature take its course and your tools will strike at the right moment.
Bruce Lee
Disclaimer: this is all just my opinion and I present these charts in hopes they may help others to learn something. Make your own decisions and never trade anything based on my opinions, interpretations, and biases whatever they may be.
After 3 months using harmonic wave theory it appears both methods will get you to the same place with harmonic making 5th waves easier to identify.
10/10/20
I have used a combination of Elliott/Frost & Prechter/Neely for many years. Throughout that time I noticed there was something off with that. 3-wave patterns where 5-wave patterns should be, missing 4th and 5th waves, what I thought were 4th waves actually being part of higher degree corrections... Thus a measure of creativity has been necessary to make traditional Elliott theory fit what was happening. I recently studied Harmonic wave theory per Ian Copsey where 1-3-5 of impulse waves are a-b-c instead of 1-2-3-4-5. That seems to be the answer but I am still a work in progress in figuring out if that can be used in real time. So my counts may be a mess until I determine if that is the answer.
The great mistake is to anticipate the outcome of the engagement; you ought not to be thinking of whether it ends in victory or in defeat. Let nature take its course and your tools will strike at the right moment.
Bruce Lee
Disclaimer: this is all just my opinion and I present these charts in hopes they may help others to learn something. Make your own decisions and never trade anything based on my opinions, interpretations, and biases whatever they may be.
1b Nasdaq Composite ($COMPQ) 10-min
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