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I have to say EW always seemed to have too many if this then thats. I found
it confusing so have never really persued his techniques past basic theory.
I recently read a book by Tony Plumber (I think) and it all made loads
more sense. In a nutshell he pointed out that markets move in 3 wave cycles. If
you join together two 3 wave movements (in the same
direction) you get the 'classic' 5 wave with the 1 of the second cycle of
waves joining the 3 of the first (its much much easier when drawn). It all
becomes much easier when you are using the smallest 'building block' to make up
your patterns.
Cheers,
Nick.
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