Elliott waves
This is why Elliott waves could make a surprising and extremely accurate predictions on the one hand, at times. while he failed in others. Distorted waves are known ex post. but not in advance. But accurate detection of distorted waves, which helps to predict the next wave end. If this Elliott waves is distorted again elaborated on what, prediction again failed to some extent. This offers the opportunity to critics to claim invalidity of the results, which is to some extent true, but that does not necessarily mark the entire system as nonsense, because the next forecast can be extremely accurate. Thus, the Elliott waves system may be right in the long run, but the investor may suffer from disturbances in the short term. In fact, only comouter-testina
can indicate if Elliott waves is possuble to make money with the system. (Hence the current knowledge of recognition often refers to similar ideas, but different name and more modern). Despite the criticism should be aware that even the best traders are right out 3-4 bets often, never know why they were wrong. Elliott waves can make you know why Elliott waves failed, including one kind of element of independent learning. Now, after having introduced the basic structure it might be interesting to conclude similarities to modern theories. First of
all system inheres self-similarity, which is good in the meantime introduced chaos-theory approaches to financial markets.
Secondly there are similarities with modem model recognition. five-wave structure is simply-scheme.
Third, Elliott waves Fibonacci time series are quite modern and Elliott waves and found the astonishing similarities:
"From my experience I learned that 144 is the highest number of practical value. In a complete cycle of shock on the market, the number of small Elliott waves is 144, as shown in the following table.