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. BKR88

    BKR88

    I have no opinion of EW or fib.
    You said S & R don't exist.
    My charts said otherwise.
     
    Last edited: Apr 23, 2024
    #31     Apr 23, 2024
  2. Your charts are labelled wrong. Sometimes it might line up but it doesn't act as support or resistance. If support and resistance was tradeable then every trader would be profitable because it's literally the retail calling card.

    Also you can throw order blocks and mitigation into the mix. These are all just incomplete methods that do not see the big picture.
     
    Last edited: Apr 23, 2024
    #32     Apr 23, 2024
  3. BKR88

    BKR88

    1-You said S/R don't exist. I proved that statement wrong.
    2-Pick any of my charts that I "labelled wrong" and show the correction. You won't because you can't.
    3-Welcome to my ignore list. :)
     
    #33     Apr 24, 2024
    Reactive Analytics likes this.
  4. Using support and resistance is a rudimentary form of TA for beginner traders.
     
    #34     Apr 24, 2024
  5. We traders with over 30 years experience use them quite well. The difference is we know how to objectively define them inside of our trading environments.
     
    #35     Apr 24, 2024
    themickey, schizo and wxytrader like this.
  6. schizo

    schizo

    You really sound like a noob now. :rolleyes:
     
    #36     Apr 24, 2024
    themickey likes this.
  7. themickey

    themickey

    Yup, S/R is a backbone in trading, it's essential.
     
    #37     Apr 24, 2024
    schizo likes this.
  8. They do not exist...anybody who trades based on r/s is trading based on a misconception.
     
    #38     Apr 24, 2024
  9. themickey

    themickey

    You make me laugh! :)
    It seems to me you think S/R is all about tying together lines across tops and bottoms.
    It's way more than that, there are a large number of different ways to identify different types of s/r.
     
    #39     Apr 24, 2024
  10. R/S is a crude from of TA. What you think is happening isn't actually happening. The green would be your support, but it has no affect on price...price will just blow right through on an extended c.

    upload_2024-4-24_13-39-30.png
     
    #40     Apr 24, 2024