Many Claim Elliot Waves are a false pseudo science. I present the last 30 years as an example, n a monthly time frame, the last part of the "Grand Supercycle" Bull Market Elliot predicted
The 1990's Wave I, ( The dot com bubble) complex and impulsive.
2000-2003 Wave II down, simple corrective ABC.
2003 until Nov 2007 Wave III Up Impulsive and Complex.
2008 until 2010 the IVth wave complex and corrective,this is the wave i have been posting about so much, as opposed to what most thought would be a V shaped Recovery
2010 until February 2020 Wave V comprised of 3 sets of 5 waves up. This is actually the Tripple Thrust pattern, 3 sets of 5 waves up, each and every wave contains waves inside it in lower timeframes
Feb 20th till Mar 23 Wave I or A wave
march 23 until April 30 th Wave B or Wave 4 (You have to go to a 4 hour chart to see the wave 2 ABC)
WE now have a lower high, and are beginning to see lower lows.
I don't want to spend 1 hour or longer labeling all the waves for you, the reader, so I give you a simple trick... Use your left hand under the pattern... 5 waves up, followed by an ABC
will allow your hand to fit up under it..
The 1990's Wave I, ( The dot com bubble) complex and impulsive.
2000-2003 Wave II down, simple corrective ABC.
2003 until Nov 2007 Wave III Up Impulsive and Complex.
2008 until 2010 the IVth wave complex and corrective,this is the wave i have been posting about so much, as opposed to what most thought would be a V shaped Recovery
2010 until February 2020 Wave V comprised of 3 sets of 5 waves up. This is actually the Tripple Thrust pattern, 3 sets of 5 waves up, each and every wave contains waves inside it in lower timeframes
Feb 20th till Mar 23 Wave I or A wave
march 23 until April 30 th Wave B or Wave 4 (You have to go to a 4 hour chart to see the wave 2 ABC)
WE now have a lower high, and are beginning to see lower lows.
I don't want to spend 1 hour or longer labeling all the waves for you, the reader, so I give you a simple trick... Use your left hand under the pattern... 5 waves up, followed by an ABC
will allow your hand to fit up under it..
Comment:
It turns out we have many pivotal moments in time, points in history where we could go up or down. I thought we would get more down in February at the end of the fourth wave of the counter trend correction to the trend instead we got a simple ABC and went up all of us smart traders just buy the dips and sell the corrections
Please check out Kauai Dave Pivot Traders on youtube. www.youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ