Traders either love or hate Elliot Waves. Some traders regard this as an elite trading indicator, while some despise it and never employ the vast capabilities. I have been using Elliot waves for quite some time and with decent results and have seen some discussions on Elliott wave forums. It’s not an infrequent comment I see when some state “I like Elliott Wave but it’s like something isn’t quite right.” Some people just adhere to strict rules and dont invest time to fully understand its capabilities
Some Elliotticians swear by Robert Prechter and some find his wave counts change too much and find themselves frustrated.
Through hours of research and usage Ian Copsey has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not develop in the manner which R.N. Elliott described in his findings.In Harmonic Elliott Wave he reveals the methodology, the common ratios that lin… More >>
Here is a video to watch introducing Harmonic Elliot wave.
FIBONACCI RATIOS ARE THE MARKET’S RULES OF GRAMMAR
Fibonacci ratios are core knowledge for the stock and commodities trader. The market’s Rules of Grammar. Every swing is related in both price and time by certain Fibonacci ratios to what has happened before. If you do not know these important ratios, when to apply them, and from where and how to apply them you are competing against PhD’s in the world’s toughest job market with only a grammar school education…. More >>