About Ganns cycles application in context of Elliott..........
I am not a Gannite, Gannist or Gann-person the same way I am no longer an Elliottician.........although I do have extensive knoweldge from very exhaustive study of Elliott...........
with that and with respect please allow me to point out one specific reason for draw-downs from the inappropriate employ of cycles over Elliotts wave structures..........
Elliotts structures are based in fractals of nature and are specific to design so while a top can be found using Gann or a plethora of other techniques they do not and cannot be specific to Elliott because they are not locked or phased to Elliotts structures..........a minor or primary top may coincide with a typical time period of 100 to 61.8 for Fibonacci or 100 to 70 for geometrics or (as supplied by BTD) 100 to 62.5 and so on..........these are more often cyclic on a fifty/fifty basis ..........in other words the ratio does not carry the same implications pf the actual trend only that you'll SOME KIND of time coincidence, some size of correlation, yet, rarely will/does that correlation provide symmetry of price and time that we'd like........not like painting by numbers because, of course if that were true that the cycles worked together then we' could just put the jigsaw together and bingo...........While its true that we are likely to encounter sizes of primary degree of above we don't know until the next period (the extension of 100%) has concluded........this says that we had to wait the whole period to get that clue...........and that's all we are getting.........a clue that SOMETHING MIGHT happen...................my point is, yes, we are discussing probabilities.............but we don't know the RELATIVE CONTEXT of that probability when it arrives and we are then basing judgement from within the wave structure which is not (empirically) related......least we don't know that (yet) so all the while we are waiting for the patterns to unfurl..........we can't trade history...........we can attempt to extrapolate from the past into the future but on the larger degree scale and then, again, we must await confirmations..........meanwhile, history is passing our trades by...........then........the big challenge...........while we can employ these combinations of cycle and Elliott we do so by not then knowing if the smaller cycles and the lower degrees of trend are correct within the larger degrees as governed by the forecast that we are leaning on.........so this then calls for us to look for support and resistances and volume analysis.............like a taking a big step into another area to get confirmation of our cycle and Elliott forecasts ( that is, to get confirmations tha the larger degree forecast has validity) .............you see where I'm going with this..........this is merely my opinion...............something to think on..............
