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Elliott Wave is very subjective, but used with other indicators to filter signals I still find it a very valuable tool for trying to understand what phase a market is in.
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yeah, it seems they can always make the theory work AFTER the markets get to certain levels, but making the prediction before things happen is more of a "probable scenarios" situation. The theory behind it regarding the brain's herding impulse is pretty interesting.
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Good luck in your trading!
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thanks.