I think Most who claim they have studied Elliott wave and they are masters in it don't have simple meaning full approach
the reason is simple they have not even understood the theory correctly , they have not applied the method in a meaningful manner ,
Probably they will never make money despite what they claim
The Method was developed by R N Elliott with Meaningful approach , He determined these are basic requirements for a trend to start
his approach was in simplest manner , He Explained why he consider them as Points of identifications to count the waves ( prices movements)
When i studied his complete method i was given an opportunity to go through his notes ( hand written) they are so simple in meaning that even kids can understand it
because trading has become passion or some sort of Money making business , the Perception changed form one analyst to another with out even looking in to the
methods and meaning of methods , because in early 70 or 80 people wanted to become shining analyst in wall street the system and basic approach started getting
altered , it went to so deep that even today most don't realize their errors of Gauging the markets , the Original Method no body uses today all have an altered approach
and one fine day i am sure people will start calling it as it will no longer work
Person like me who uses this with dedication will always make money from this method regardless of what market thinks in mass psychology
if you understand My post then hit the like button
wave theory is subjective but helpful not everything but light throwing for future prediction
ShreeKrishna
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@bigbsahil, Yes the idea is same , you have an efficient hypothesis with you before you take the decision in the trades , its not trading method , its an one of the hypothesis , Good day
official10xBulls
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@ShreeKrishna, yes and in last realistic price is final storyteller.
sachinguwal
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wow... MNOP... nomenclature makes more sense
eternallearner
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If you can pl.elaborate it of its fractal nature with some examples from our market.It will help us novisshes to understand wave theory better
VishalSancheti
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Request to Please lay some light on nifty, banknifty, Lt and tata steel.. Tatasteel came to 395 levels mentioned in ur prediction..