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Categories:Elliott Wave Analysis
After 3 months using harmonic wave theory it appears both methods will get you to the same place with harmonic making for a cleaner count, with less creativity needed, and 5th waves being much easier to identify. Overall I think harmonic is cleaner and easier to interpret.
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.
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