POLL: Elliott Wave vs Support & Resistance (which is better?)

Discussion in 'Technical Analysis' started by schizo, Apr 8, 2024.

Which is more accurate when it comes to predicting possible reversals?

  1. Elliott Wave

    21.4%
  2. Support & Resistance

    78.6%
  1. I can build a chart, devoid of all foreign indicators (only price), that clearly displays support and resistance points in real time, as well as displays momentum like an HD TV.
    Here is the Micro Crude going into the close on Friday, the Sunday evening open and into the close today. The background color displays the momentum direction by reading the level of each price bar in real time; green down, white up.
    Here we clearly see support and resistance, we see momentum direction and most importantly ew can see consolidation and where is comes out of it.
    This is what naked price action looks like.
     
    #11     Apr 8, 2024
    schizo likes this.
  2. Oh, in regards to Elliot.
    How do you start a war?
    Go into a room of Elliot Wave enthusiasts and yell, "which wave are we on?".
    Then run.
     
    #12     Apr 8, 2024
  3. maxinger

    maxinger

    Some people pronounce Elliott as

    ˈɪd.i.ətt
     
    #13     Apr 8, 2024
  4. LMFAO HAHAHAHAHHAHAHAHHAHHAHA That was a VERY good laugh for me. LOL

    LOL AHAHAHAHHAHA

    I can not imagine myself spending time and energy learning something called Elliot Wave where the inventor of Elliot Wave is not even rich from trading.
     
    #14     Apr 8, 2024
  5. schizo

    schizo

    For you, they all mean useless bullshit. Just focus on your clicks and forget abou the rest. :)
     
    #15     Apr 8, 2024
  6. Hello schizo,

    You do not know what reversal, support, Elliot Wave and resistance means?

    How can I answer your poll if I do not know what the terms means?

    Please explain to me.
     
    #16     Apr 8, 2024
  7. deaddog

    deaddog

    Does it tell you where we will be 10 bars from now.
    How are you going to make any money with that information?
     
    #17     Apr 8, 2024
  8. %%
    WELL/
    PitBull Trader[Jack Schwager notes] paid for Ewave service\
    but noted a problem ''sitting by the pond, waiting for the tidal wave''LOL:D:D
    So to answer your question mostly ''yes '';
    + i also use Mars [Moving average ribbons] also.
    I some times eat Mars chocolate , late meal cut\with peanuts + whole grain oats. LOL
    Wave On Wave \
    not afraid anymore\
    that'$ what I'm looking for. /
    Wave on wave song/ Pat Green/ Motown /Song > 25,577,999 video volume hits
     
    #18     Apr 9, 2024
    MACD likes this.
  9. schizo

    schizo

    I used to listen to New Wave as a teenager. People are people wherever you go. We're all here to make money, in one form or another, whether that's a wave or a rainbow. BTW don't be eating that gooey chocolate at night (unless you're overexerting yourself :)).

     
    #19     Apr 9, 2024
    MACD and murray t turtle like this.
  10. %%
    LOL that is not my naming chocolate with late in it :D:D
    I seldom eat snacks outside of meals, but glad to gain a few pounds.
    Wave after wave pattern can help.
    A business that doesn't wave much LOL can be helpful also.
     
    #20     Apr 10, 2024