trust me, charting is only 1 of several tools i use to make an informed decision on what shares i decide to gamble on. The entire stockmarket is so rigged that you are just gambling ..
elliot wave theory is one of the algos i subscribe to.. mapping the market moves to waves of emotion that humans go thru , it's got very strong supporters and haters , both sides equally ..
BUT at the end of the day its based on emotion, and how best to illicit emotions from humans ? big news releases, great quarterly results, take over offers, dividend announcements, suggestive whispers on a popular stock forum etc, they all feed us to buy/sell etc.. ..
the chart mapped using elliot waves, maps these fluctuations of emotions over time , and with enough trend you can sort of extend the elliot waves to the future and predict where the chart may potentially go ..
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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