Elliott Wave loses value when it is used to prove correctness instead of manage uncertainty.
The goal of analysis is not to be right on every wave label. The goal is to understand where probability shifts. When price behavior contradicts a scenario, the market provides information, not failure. Elliott Wave works best when it is used to adapt, not to argue.
$NIO The most exciting post you’ll see today regarding Nio is shown here on the Hang Seng Index. It is making its final descent to complete the E wave of an 18 year triangle pattern. We could reasonably expect a 300% gain in the index over the next few years.
@RospiBasta Up :-). We finish this B or X wave and then go down for C or Y but if it’s a Y wave I believe this can finish with a very bullish Y wave flat or triangle.
@NIONenad We get the opportunity to buy under $3. Next big print and liquidity cycle probably the catalyst to turn the shop around. Hang Seng still working to finish E OF ABCDE triangle from its origin late 2007
@aakashgupta Who is forcing the participants to pay for this entertainment and precisely what taxes have been cut for the wealthy as a result of this additional tax revenue?