Replies to post #4529 on Direxion Daily Junior Gold Miners Index Bear 3X Sh (JDST)

[Qone0]

No Elliot wave knows only wave count and fibs. In never ending sets of up and down repeating patterns 12345ABC

All trend lines and support lines will be broken in time. Elliot wave tries to for tell when that will happen.

Is it perfect? No, nothing is. Some people say it is no longer valid since the advent of algos. And has been replaced by a complex 3 wave s pattern. As Elliot wave works off the God ratio of 1.618 in the Fibonacci sequence, that is entirely natural in nature from the DNA spiral to the arms in spiral galaxies that follow this ratio.