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RE: Could GOLD Crash to $650? Here's a scenario...
I dont think gold market follows Elliot wave; too much manipulation away from human emotion fear/greed - the waves are too distorted to count
I dont think gold market follows Elliot wave; too much manipulation away from human emotion fear/greed - the waves are too distorted to count
Even without all that, the problem with EW is the rules are so vague and unstructured that you can retroactively apply it to anything to make it seem like it is working. You then can use it for the future predictions to push any sort of narrative you want. So even on its best days EW trivial