Tks for reply , to me , it is sort of amazing that this analysis runs independent of the fundamentals of the project.
You are viewing a single comment's thread from:
Tks for reply , to me , it is sort of amazing that this analysis runs independent of the fundamentals of the project.
Yes. Many people have a hard time dropping fundmentals. Put it this way...there are a lot of reasons to buy something not just fundamentals. And, Elliott Wave sums up sentiment. Fundamentals can feed sentiment. But the market doesn't have to believe good fundamentals or bad fundamentals. Elliott Wave does its best to sum up what the market believes. I love the TSLA example...Some believe the fundamentals because its a great brand. Some don't believe the fundamentals because the company literally is bloodletting financially. Elliott Wave says it has been bullish for many years, but now waning. It either topped or has one more major wave before it tops. This may just mean those that know the financials are crap finally start to win.