I tested Elliott Wave with some of the known softwares around for auto detection going walk-forward and they all failed miserably. But hey, usually equity markets as index go up 70% of the time so you must be right, especially in the longer term. But then you do not know how much drawdown they will have when they go up.
I don't believe Elliott ever used W, X and Y labeled waves.
Yes Elliott Wave Forecast (that likely pay his estate for use of name). Not Elliott himself, who long ago died.
You werent smart enough to know that was a waste of time?I tested Elliott Wave with some of the known softwares around for auto detection going walk-forward and they all failed miserably. But hey, usually equity markets as index go up 70% of the time so you must be right, especially in the longer term. But then you do not know how much drawdown they will have when they go up.