Problems with Elliot Wave Theory

Elliot waves http://www.financial-spread-betting.com/course/waves-basics.html claimed to predict markets in all timeframes. However I've always noticed that a certain amount of fiddling goes on to make this work. Elliot basically says that the primarty trend advances in 5 waves and retrace in 3 waves. PLEASE LIKE AND SHARE so we can bring you more!

Please note that this is just my opinion but I've found Elliot Wave absolutely phenomenal at predicting market movements once they've already happened, although you normally have to wait a a few years so they can redraw the lines properly... When I was doing work experience in London I heard about a client who went bankrupt following Elliot Wave when the market turned in 2009. Lost the whole of his account racking up short selling costs!

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