[the above expressions symbolize the effectiveness of the thoroughly discredited Wave Theorists] Machine Learning? Sure. Neural Nets? Fine. Data Mining? Yes.
Don't stop there. I can add hundreds more symbols to discredit Wave Theorists. Perhaps thousands. . And even that won't be enough. Then move to TA & FA. 95% traders fail. So TA & FA & Cycle Theory et al are all bogus? LOL Its the practitioners, son, always has been, always will be. Marketing/Sales/Finishers .......... 999 out of a 1000 fail. Interviewers get screwed because of time wastage finding the right guy who can bring down the moolah. All have access to the same books, theory etc., yet only a few truly kill it. Its the practitioners, son, always has been, always will be.
The Universe of Matter, Energy, Space & Time. The collective Universe of the Crowd's Mind aka Herd instinct. The Price chart is a view of said Herd. And lucky for us it responds beautifully to Logarithmic scale. Hence the Trendline. We can start by asking the Ocean about its WAVES. Esp. ask her about the formidable ROGUE Wave (rogue's cousin in Finance is so formidable & treacherous as to slaughter millions, known as a correction. Corrections, like the rogue have so many forms, shapes, zigs etc., they kill us easily. But look how easy the dominant trend is in comparison))
Waves: Brain waves, Sound Waves, LIGHT waves, Electromagnetic waves, Heart Sine Wave, Waves in Quantum Mechanics, Dynamics of a Particle viewed under the Wave magnifying glass. Standing Waves, a particularly troubling phenomenon for stereo music afficionados in High end audio like myself who thru' proper placement of loudspeakers nullify or reduce such rogue waves that kill/corrupt the integrity of the upper bass. https://www.forbes.com/pictures/gjhj45hmd/everything-is-made-of-wa/
You, me and THEY cause the Waves. Your best example is Dow Jones himself. LOL Open Monthly chart DJI. See the Waves? Count them. See Great Depression? A 3-wave move. Then see the rally that proved the Depression run was OVER. .. a 5 wave move up into 1937 top. See the long ride into the 196o's top? Count the waves, esp. noting that the higher slope is a subdivion of Wave #3. Then see ROGUE wave confounding the daylights out of me and thee from 1966 to 1974. 1987 crash was a Rogue wave of lesser degree. For our immediate purposes see Rogue Wave from Dow Jones Jan 2000 top to March 2009 low, a rogue of particularly intemperate disposition. Aha! Can we count? Its never the fault of the subject. The fault lies with the practitioner. Can he count from 1 to 5? Hahaha, its the key. So let's see. On monthly, I count starting from March 2009 lows, 5 waves up into the current upwave which started Christmas. Hence the reversal call and reversal trades. If I lose, does it make Wave subject invalid? NO. I'm at fault. Itsnever the Universe's fault
Read quote first, then see Vixie trying to breakout thru' said trendline on Price. Then see RSI slope northbound change ever so slightly. Will it happen? Is it a trap? LOL