Have been using Elliott's ABC corrective structures for many years ever since they were introduced to me by an Australian CMT.
Here is an excellent presentation from the author of the book "Elliott wave principle" Robert Prechter.
I didnt realise Mr Prechter graduated from Yale with degree in psychology.
He makes a case for the current top using market psychology, ratio charts, sentiment, commodities , bitcoin & finally "Elliott waves theory".
This is food for the bears!
Robert Prechter: Market Forecast 2024
P.S : For those who dont know wave4 is the corrective leg in Elliot waves. The place I find most of my trades.
XJO - Bear Posts only (Factors which might cause the markets to fall), page-14467
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Last
8,514.2 |
Change
-36.600(0.43%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,551.1 | 8,605.7 | 8,514.2 |
| XJO (ASX) Chart |