Structural FX, page-98

Yeah Elliot wave either works for some people or doesn't. I, personally, find it great and there's been plenty of trades that I haven't taken because of it being the 5th leg that would've been losses had I taken them.

This being said, I find elliot wave is only really accurate on the 4hr+ timeframes. The shorter time frames see trends go for many more than 5 legs.

I tried to attach examples but the images are coming up broken. If anyone is interested in elliot, happy to share some examples at a later date.