Quote:
|
Originally Posted by pmha Hi interesting elliott wave analysis,(correct me if im wrong)
But why all the waves when pure and simple support and resistance shows the same and until these levels are broken none of us will no the direction.
...
regards |
hi pmha,
most probably because it works for me same as s/r works for you.
Ew gives a direction and S/R levels. But then probably other TA gives that too. It is up to your personal preferences then, to decide what is best for you, but more improtant, what WORKS for you. Simply, something will work not just because it is working, but more because it gives you confidence about your view on the market. At the end of the day, it's not realy important how good some TA is, but how good one uses it, and how good it works for him/her (as with any other tool).
Regards
ID
PS. it gives direction in advance
and then some s/r are just confirmation/invalidation.