Elliott Wave Theory (EWT) occupies an odd position in market lore, with adherents taking years to master its secrets and skeptical observers dismissing it as voodoo, favoring a more traditional approach to price prediction.
Luckily, we don’t need to join a secret society or spend a decade memorizing a thousand rules and exceptions to take advantage of Elliot Wave’s great power. In fact, we can apply easily understood principles to build working Elliot Wave trading strategies.