There are 2 things that happen when a trader begins learning the principles of Elliott Wave. First there is a new fascination and a sense of awe to discover that financial markets are always forming patterns of trends followed by corrections. The waves of trends and corrections subdivide into smaller patterns on shorter time frames while any patterns are also part of a larger pattern. It ‘s like a fractal universe where every world is part of a larger world and inside of each world there is a smaller universe. In Taoist wisdom humans are seen as a microcosmic universe inside the macrocosm. The second thing that happens is a decrease in profit and higher percentage of losing trades.
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