Because counting the waves is an art, not a science .
Two expert Elliott Wave analysts can look at the exact same chart and one will say, "We are in Wave 3 of a massive bull run!" while the other says, "No, that was Wave C of a correction; the world is ending." explain elliott wave theory
As Elliott himself might say: The market isn't just a number. It is a crowd having an emotional seizure—and that seizure has a shape. Because counting the waves is an art, not a science
This means a 5-wave impulse on a 1-minute chart is actually a tiny piece of a larger 5-wave impulse on the daily chart. And that daily chart is a tiny piece of a decade-long 5-wave impulse. explain elliott wave theory