Zoran, They work like butter...problem with the waves is that people appoint themselves "experts" and they have absolutely no clue on how the waves form what is required of a movement to be a wave, the importance of Fibonacci theory and math......they end up counting ups and downs, cross thier fingers and call them waves.....then they say that the waves are subjective and only a possibility to cover up thier own incompentence......they have 5 count B waves, 3 wave impulses etc etc......IF a person takes the time to truely learn the waves, they will be great traders. but like everything else in this world, It's a matter of garbage in, garbage out..... someone listens to how a poser is explaining or trading the waves and the natural conclussion of someone with a brain is that the waves don't work...not that I mind that to much
......bottom line is this....human nature enmass is predictable.....humans as a part of nature are subjet to the natural law of Fibonacci whether they believe it or not....thus the waves form as a result of human nature enmass making moves at Mathimatical points and 99% don't know why....it happens with price and time....over and over again. it has been the most enlightening education and experience I have ever been involved in.........