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@ilia1380, I would say "TA and trading are two different worlds" instead : ))
ilia1380
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@TradingSurfers, No, No, No, I agree with you, you are right! But I'm not talking about difference between TA and trading... I would say that Elliott Wave has no place in technical analysis! Because it is fundamentally wrong and is only a pervasive mistake... Let me give you a simple example! Suppose you are told that instead of 5 motive waves, there are 7 motive waves, Couldn't you somehow number the waves to show the 7 motive waves?
TradingSurfers
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@ilia1380, Yes, you have a similar situation in WTI 4H, for example. What is REALLY important to understand with the EWP is the crucial importance of the "Right Look". You need the structure to be readable with EW. If it isn't, then move to another chart. People mis-understand so many things with the EWP... so at the end, I totally understand what you are saying. I'd say 90% of self-claimed "Elliotticians" don't know how to use EW properly. Those 90% get REKT and disappear after propagating false ideas about the method. Join us on the Discord!