Disliked{quote} How long did it take you to learn Elliott Waves? Many people are saying learning Elliott Waves is among the most difficult subjects to learn and takes a really long time before someone even learns it properly let alone mastering it. Some people also say it's very subjective. Asking five traders will result in five different analysis.Ignored
I think that every TA is subjective, so EW is no different.
Asking five traders will result in five different analysis.
If among those five traders is @fontu and me the statement is not true... We have a very high ratio of agreement.
It took me some years to realize that obsession with labeling every move on the chart is pointless. Now, I only focus on finding 12345 and ABC patterns. If you recognize when market is in an impulse or correction faze you should do good in your trading. Sure, from time to time I'm wrong and have to adjust my view especially when complex correction is not over but I don't expect to be perfect. If I may give you advice: keep it simple (I know that free advice is considered by some people worthless, but you may cut the learning curve by listening) stay with 3 basic rules, and recognize corrections (overlapping sections).
You need to ask yourself only one question when doing TA based on EW. At what point in the scheme is the market atm? Look for the 3 corrective patterns (top 3) and recognize the bottom 3 This link may be helpful to KIS.https://www.tradingfives.com/article...wave-guide.htm
Good luck.
Always trade your own plan...I don't provide trading signals.
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