Is Elliott Wave Theory Especially Good when Applied to Gold Markets?

[Edward J. Webb 10]

I have heard that Elliott Wave Theory is especially good when applied to gold markets. Don't know what exactly makes it good for that, but that's a thought to consider. I'm actually hooked with this theory right now.

[JoelDarr 10]

Yes, the Elliott Wave Principle is important, but it is not so often mentioned, apparently not everyone can understand it. I just want to say that this form of technical analysis works, but if you decide to take it seriously, you will need to get acquainted with this theory many a day. Difficulties in the Elliott wave theory is the identification of the waves. Usually, a corrective wave is difficult to determine. All feature is that each wave has a set of characteristics. And these characteristics depend on the market behavior. I read book Visual Guide to Elliott Wave Trading and it helped me a lot. And I advise you to do it.

 

And it's applicable to commodities and bitcoin as well

[Edward J. Webb 10]

Can we use Elliott Wave to predict price movement of big stocks such as Apple or Google?

[zdo 20]

Can we use Elliott Wave to predict price movement of big stocks such as Apple or Google?

 

 

Yes, all widely held /( 'thick' ) instruments are subject to the same 'social' patterns...

 

"predict" ?

 

 

Btw1 ----- If you are really going to immerse in EW, don’t skip the works of Neely...

Btw2 ----- There are no EW patterns - and especially the ‘poorly behaving’ EW’s - that cannot be (better) understood via Summation of Cycles...

 

(a little bit) more before (and after)

http://www.traderslaboratory.com/forums/technical-analysis/12066-do-you-use-elliott-wave-trade-6.html#post161926

 

have a good one...