$BTC correctly noted — the Elliott wave theory is not a myth, and in skilled hands, it indeed provides a clear picture of market structure. What seems like "manipulation" to many is often just the natural development of waves.
📈 Why Elliott waves actually work:
1. Crowd psychology = waves
Each wave reflects mass behavior:
Waves 1–3–5 — impulses (greed, enthusiasm, panic).
Waves 2 and 4 — corrections (fear, doubt).
Wave C — "capitulation" or completion of a cycle.
