I have been analyzing the market every day for 25 years now. Like Elliot, I was also interested in the internal anatomy of the movements of the market. How Forex works, what kind of laws you can discover that are universal. We have all read millions of books about basics, trends, resistances, indicators, and so on. We learn where to drag the trend lines, resistance/support levels.
I found that we put them in the wrong place. That is, neither dragging them to the top or bottom of the spikes, nor to the candle closures, give good results.
Both approaches are wrong! But where are the real key levels, then?
Well, I believe I have found the key. But where are the real key levels? Since then, my success rate is above 75%. I think this point of view radically changes what has been learned about Forex so far.
