Why elliot waves doesn't work? answered by ChatGPT
Summary
| Problem | Consequence |
|---|---|
| Subjectivity | Inconsistent analysis between traders |
| No empirical support | Poor reliability in live trading |
| Retrospective fitting | Looks good in hindsight, fails in real-time |
| External factors | Market doesn't move in predictable wave forms |
| Too many exceptions | Hard to use as a systematic trading tool |
