You will only know after the fact. But knowing that those are the two possibilites already gives you a plan where you can implement that strategic vision regardless of how it plays out by tactically allocating funds. The key is not that you nescessarily know something you didn't know before - think about your statement above of uncertaintity, it boils down to the statement that the market is either going up or going down - but that you have objective targets that make one side or the other more likely as that statement of dual probable events unwinds in the market itself into a reality. That is HUGE for someone that knows how to trade.
Then when one side or the other shows their hand, you can peel off the position that is less likely to occur. Note well that I say you peel of positions that are less likely to occur, implying two positions in the market at the same time, each that cater to both events. You will also have to decide if this is the tactical implementation of the strategic vision. That is my preference, but others may implement it differently - that gives us each our style. [As you achieve mastery and "unlimited" funds, style disappeears and then you attain a universal style, but that is way off topic.]
The waves should be looked at in a similar way to the way that the wave function is seen in quantum mechanics - they are a hybrid of a physical reality, and as in quantum mechanics, they are also probability waves.
What I am telling you is nowhere near classical EW, but it is the way I view markets in relation to EW.
nitro
