Ewj: elliott wave

A good thread, learned a lot. I am a bit confused as to why Traders do not use it. I am confused as heard & read that TA is considered a good tool. So, do you wish to state TA is useless?
 
that pattern of a big day followed by 2 inside days,the arrrow,which denotes a change in elliott wave direction,or a spike ,i'm not sure ,is present on the naz daily,last 3 days are big day followed by 2 inside days,whichever direction it moves from here will be large move
 
....CNI ....one i watch for trans....
.... just tanked to 61%

.... target of falling wedge on OIH is 212.56

....watching AAPL and qqqq for a sell later... according to EW count
 
Quote from ammo:

that pattern of a big day followed by 2 inside days,the arrrow,which denotes a change in elliott wave direction,or a spike ,i'm not sure ,is present on the naz daily,last 3 days are big day followed by 2 inside days,whichever direction it moves from here will be large move
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went back and looked it up at www.elliottwave.com/club/protected/pdf/barpatterns.pdf the pattern means a spike,doesn't indicate direction
 
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