When people don't understand about something, they ridicule it instead of putting efforts to research & learn about it. But I m trying to learn what I don't understand much. I m not EW expert, just started to learn about it recently. My friend who is elliot wave practitioner showed me how he can map out market moves ahead of time (not 100% accurately but still he generate market direction most accurately most of the time). I m impressed & I m trying to learn it myself. According to him markets are not random, it has measured moves, what measure it will oblige is something that is entirely up to market. This is my views on EU, If you are ellliotician, then chip in & drop you feedback / comments / views on how you view it. It might help me to learn the skill faster.
Key in this analysis is level 1.1070 which is high of point 1. For EW to be right theoretically, then wave 4 should not enter the territory of wave 1.
=)
P.S. - Dont follow this idea if it doesn't match with your own idea on EU. I m still a newbie in EW count & can be wrong in this case.
Key in this analysis is level 1.1070 which is high of point 1. For EW to be right theoretically, then wave 4 should not enter the territory of wave 1.
=)
P.S. - Dont follow this idea if it doesn't match with your own idea on EU. I m still a newbie in EW count & can be wrong in this case.
