By harmonizing the waves of market psychology with the fundamentals of economic reality,we can unlock the rhythm of the market.. riding the waves of opportunity while navigating the currents of uncertainty... so elliot gives u insight into market psychology in a booming market and deep understanding of economic realities keeps u well grounded. harmonizing both of these can make u exceptional trader with excellent win : loss , profit :risk and sharpeys ratio.
always rwemember this trading idea is never really a chart based idea... the idea u generate for trade starts from worldview > sectoral view > security analysis (stock analysis) > chart.
so chart is only for execution of the generated idea. its not really a tool for trading idea generation. Most makes this mistake and lose the money.