Elliott wave charts & predictions

Ralph Nelson Elliot's net worth at the time of his death is not precisely documented, but it's safe to say he didn't amass significant wealth from his work on Elliott Waves. Despite the influence of his work, he himself did not accumulate immense riches. Though many consider his contributions to market analysis to be significant, they did not translate into immense personal wealth.
Yes, but that is.ONLY because he was in his later years, and recovering from an illness.
He would work.everyday from his front porch (L.A.).
He only.documented it as an anomoly.
He never.user it to amass a fortune (which is considered normal today)
 
i know all about elliot

i actually traded it on daily charts for 5-7 years. i also had advanced get software to help

it moves in measurable cycles alright but there is always an alternative wave count and that defeats the whole purpose, if you can have an alternative measurable cycle
Hello padutrader,

Are you going to see Al Brooks trade live in Flordia.

He will trade live for $3000 cost per person for 1 to 2 days.

You can finally meet the Price Action Master and ask him in-person question.

https://www.brookstradingcourse.com/workshop/al-brooks-live-trading-workshop-orlando-2024/

I think you and @NoahA and @ironchef and @wxytrader need to attend this because I know yall follow Brooks teaching very closely.
 
Were talking the Fibonacci levels right now. You can backtest all you want. Doesn't matter whether the charts finished or not finished...fib levels don't change
Please. There's a Fibonacci “level” at just about every price point to validate the narrative. After the fact, of course.

The very idea of it smacks of predetermination, which is nonsense. Orange Lambos notwithstanding.
 
No! Lol what would be the point then? It forecasts levels.

I can demonstrate if you need me to.
I would appreciate a demo.
Take any symbol you'd like (I'd prefer BITO as I'm long and added some more today on the break of the downtrend)
Please show us where you think or calculate price or price level to be at any time in the future.
Lets see how accurate EW protections turn out.
 
I would appreciate a demo.
Take any symbol you'd like (I'd prefer BITO as I'm long and added some more today on the break of the downtrend)
Please show us where you think or calculate price or price level to be at any time in the future.
Lets see how accurate EW protections turn out.

Here is the high in NOV2021. I erased the chart up to today. A common level to expect the extension to reach is 1.618. As you can see, you could forecast the drop to 16k way back then.

Clipboard0111.jpg



Where is going now? Using the same extension tool it shows it could extend more. btw you could forecast this back when we hit the lows of 16k. At this point I would start charting and wait for the ABC correction to before looking for entries.

Clipboard017.jpg


Long term projection from ewf. I agree with this outlook that there is another large correction, or double correction before we blast off.
Clipboard1111.jpg



Where do we blast off to? (Just eyeballing the timeline)

Clipboard0123.jpg


This concurs with the Bitcoin cycle repeat chart.
Clipboard01321.jpg


Remember this is all just showing the statistical probabilities of Fibonacci price levels.
 
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Here is the high in NOV2021. I erased the chart up to today. A common level to expect the extension to reach is 1.618. As you can see, you could forecast the drop to 16k way back then.
What a clairvoyant you are! I just wish you'd have said the same thing 2 years ago.

Be that as it may, I'll reference this following chart in the future. Frankly, the scenario doesn't sound that bad (a lot more realistic than the $1M pipe dream cooked up by the Bitcoiner community :)). Good luck!

clipboard1111-jpg.337823
 
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