Elliott wave theory is one of the most popular theories used in technical analysis, that might be helpful in understanding the way that trends develop, and therefore in making more accurate prognoses. EWT is often applied to many markets, including gold and silver.
How long does it take to master Elliott wave?
Many beginner traders believe that spotting formation of a good pattern or clear Elliott wave count on 1 Hour, 30 minutes or even 15 minutes time frame is enough to make good trading decisions.Dec 8, 2016
Which time frame is best for Elliott wave?
In theory, Elliott wave patterns are fractal and should apply to any time frame. Therefore, the "best" time frame to use is the one you're most comfortable trading. If you're a day trader, you may use one-minute, five-minute, or one-hour candles.