[notouch]

The problem with Elliot Wave is that you can take random data, put it on a chart and find Elliot Waves in it. A lot of the waves you've identified don't look very convincing. An Elliot Wave should ideally retrace to a Fibonacci level but a lot of the waves you've identified don't and look more like ordinary market noise than proper Elliot Waves. I think there is value in Elliot Wave but at the moment the only waves I see are on the weekly chart.