I end all my posts with a sentence saying to use long term options, 2-3 months away, because EW is not very good for micro waves. All my options are Nov calls, some ATM, most 20 points away. This type of setup works for me and i will make money if spy crosses 295 over the next 3 months. Spy at 320 will give me a 10x return, like a penny stock. And i do not have to know how low Spy goes on wave 2. All i need to know is that spy is in wave 2 when i buy. If you couldnt find your niche in the market, it doesnt mean EW is not profitable.
It is not about knowing any details, is about using the little the EW gives you for your advantage - unless you understand this, no method will be tradable for you.