Posted by elementsix on 7th of May 2026 at 09:53 am
Elliot Wave - I think the real benefit of EW is in the macro
picture. It's about knowing what Wave you are currently in and what
to expect as far as price action during that Wave. Think weekly,
not daily.
We're in Wave 5, Impulsive. Being a little conservative will
likely be rewarded. When we get to Wave 1, maybe be more
aggressive. That's great macro knowledge to have. It tells as WHAT
to expect now and next (but not WHEN). EW is not an everything
tool... use it for what it's meant for and rely on a multitude of
other indicators.
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Elliot Wave
Blow off v move
Posted by elementsix on 7th of May 2026 at 09:53 am
Elliot Wave - I think the real benefit of EW is in the macro picture. It's about knowing what Wave you are currently in and what to expect as far as price action during that Wave. Think weekly, not daily.
We're in Wave 5, Impulsive. Being a little conservative will likely be rewarded. When we get to Wave 1, maybe be more aggressive. That's great macro knowledge to have. It tells as WHAT to expect now and next (but not WHEN). EW is not an everything tool... use it for what it's meant for and rely on a multitude of other indicators.