Elliot time frame
The remarkable aspect of the elliot wave principle is that it applies on
all scales. In Frost and Pretcher’s book, “Elliot Wave Principle” the
author’s assert that the wave formations described by Elliot appear in
timeframes as short as an hour and as large as a decade or century! In
their book they cite whole years as parts or a particular wave
formation. That is striking! Imagine knowing what the overall trend in
the market could be for the next year?
I’m aspiring to take my analysis to a larger time frame. Hopefully I
can use some of the labelled waves in their book as a guide. Of course
I still have a long way to go in terms of accuracy.