DislikedNothing new about this subject, We all know about elliot waves, The theory is very simple but in reality elliot waves are more complex and takes years to master ,I am not a elliottician , I see lot of people swear by it meanwhile in the same time most of the traders give negative opinions about elliot waves, Some say that elliot waves don't even exist ,So is there anyone who uses elliot waves in their analysis, Is elliot waves working for you? Please share your opinions and ideas EaglepriceIgnored
It's based on many years of learning the structure of market charts. Yes, somewhat subjective, but it's another question.
The question is, how well each individual broker can determine each wave in terms of predicting the future movement.
Personally, I'm quite successfully trading using EWT in combination with oscillators.