Disliked{quote} I beg to differ with as to the value of Elliot Waves.... I see this as the cycle of the market and it does work rather well. I see many traders making a killing each and every day following these simple patterns. Those who have trouble understanding this pattern are usually the ones who over complicate a very simple pattern. It's as easy as 1-2-3 or as complicated as a human can make it... and we can really FUBAR the shit out of simple things.... -CJ- {image}Ignored
Can you show how you use this on a live chart.
In hindsight we can read it perfectly but live would be a different story.
The drop from the first 3 level to the first Blue Line could also have been read as a Peak High.