Most stuff I seen from Elliot Waves is a result of hindsight analysis. This is the problem with all technical strategies, but well they provide good context to interpret imbalances in buying and selling pressures. Much of the uncertainty remains.
Then the next time you're at the beach in Hawaii or South Africa or any other beach that has large ocean waves, sit on the sand, get comfortable, have a writing pad and pen. Then count the waves as they come in. Note which is largest per sequence. Then go home and put them on a graph.
Then go speak to specialist doctors and ask them about Brain waves and Blood flow waves and if they've noticed that these waves are in a 5-3 pattern. Most likely none of these doctors trade the market, at best they're investors.
Then I might also remind you that the Systolic/Diastolic blood pressure reading on me and thee and every cat anywhere, black, white, yellow, brown shows the same 5-3 pattern
Calling these Waves "Elliott" is where the problem begins because he is just a fellow who first observed their presence and their application by a ton of poor market timers has given the whole subject a bad rap and whatnot. The waves belong to Nature and in today's world of the bad reputation for Elliott wave counting, its best to just call them Waves, which is just what they are. They belong to nobody.