If you are one of these Elliotticians that have had these doubts when counting waves I have news for you… You’re absolutely right. Looking at leading Elliotticians’ analyses their counts rarely any adhered to any relationships… Impulsive waves all too often stalled early and missed out a wave. The normal Fibonacci projections which are widely quoted didn’t work all that often. The same anomalies in the wave structure repeated themselves over and over again. In my own experience in over 20 years practicing Elliott Wave I also became aware that things were not quite right. The appearance of extended waves confound and the retrospective failed fifth causes confusion. Some Elliotticians swear by Robert Prechter and some find his wave counts change too much and find themselves frustrated. It’s not an infrequent comment I see when some state “I like Elliott Wave but it’s like something isn’t quite right.” Others tend to not adhere too strictly to the rules and just observe for 5-wave moves. I have looked over some online Elliott Wave forums on an occasional basis just to have a look at how people discuss their wave counts. For some it’s almost a status symbol to be able to count waves. There is no doubt Elliott Wave is one of those techniques that traders either love or hate.
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