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RE: The Elliot Wave Theory and What it is all About
Great to see that you're still posting in Project.hope from time to time :)
I'm not sure if you're even reading comments, so I will keep my comment quite short: an my message is that as far as understanding Elliot Wave Theory and knowing other indicators may be useful sometimes -> I think that we are in this stage within all markets in which understanding macro environment means more than anything else.
Elliot Wave Theory can suggest market movement to go one way, but simple statement by FED chairman about inflation or about interest rates can move the market easily in opposite direction.
Have a great weekend ahead of you :)
Cheers, Piotr
You have a very good point... The current situation of the market has made it very difficult for technical analysis and more of fundamental analysis and sentimental analysis.
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