HAVE ANYONE TRIED ELLIOT THEORY?

[Yhftraders876]

HAVE ANYONE TRIED ELLIOT THEORY?
The Elliott Wave theory is a form of technical analysis that looks for recurrent long-term price patterns related to persistent changes in investor sentiment and psychology. The theory identifies impulse waves that set up a pattern and corrective waves that oppose the larger trend.

 

[FabGoldEnt]

I know the basic Elliot wave, theory. I teach my student on how to identify the cycles.

 

[Charles Agustin]

To have a quick view of the market, technical analysis is preferred. Only technical analysis can’t serve you with better market forecast so if fundamental analysis is accompanied with technical one, the forecast will be more cogent.

 

[Fin_Trader]

I have not tried to trade according to this theory, but I know traders who tried to trade according to it. And the results were disappointing. They were constantly confused in these waves, interpreting them each in their own way and received losses.