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RE: But but...muh Elliot Waves !!!
I always see it play out amazingly well: when explaining the past. The future - never.
I always see it play out amazingly well: when explaining the past. The future - never.
There is no reliable way to accurately predict the future of markets. If there was, we would all know the outcome. There are only statistics and probabilities which puts odds in the knowledgeable trader's advantage.
Then why fake it with zig-zag lines that turn at well defined times and price points?
You're so silly. I learned from a trader who made millions in forex and the crypto markets. It obviously helps to understand market cycles. So, why do you guess at market movements?
A guess openly, and usually within a range. I normally state what it's based on too. I don't say BS like "BTC will turn at $8253.75, because that's simply ludicrous.
A zig-zag for illustrative purposes? Sure, the lines generally do zig-zag. But for prediction purposes a form of probability distribution map would serve far better.