Nearly every student of technical analysis has heard of the Elliott Wave Theory and is probably fascinated by the concept. Despite its popularity, Elliott Wave is the least-correctly understood theory of technical analysis. In this video, senior technical strategist Jamie Saettele introduces the basic-yet-powerful forecasting rules of the Elliott Wave Principle.
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As Elliot Wave Principle puts it, the more you study and look at the market the more the scales fall off your eyes. The initial difficulty is aligning the perfection of the diagrams in the book with the reality of the 'randomness' in the stock market. Eventually you will see things that will take your breath away even at micro level but it doesn't come overnight. Good luck.
Thanks for the video, I appreciate your efforts and explanations which have served to solidify my knowledge or Elliot Waves.
I hope you take the following as constructive criticism but in future, please ensure you repeat the audience questions (which I could not hear) so that people who view a recording later can understand the logic of your answer. Also, please ensure that when you are discussing charts during Q&A you actually show them so we know what you are talking about.
All the best.
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