Based on my knowledge on Elliott Wave, I’ve developed from scratch an Elliott Wave Calculator software to help analyze stock market movement. Though this app is still developing, the very basic function is there and usable. Question is how accurate can this be ?
Case Study 1
ComfortDelGro from Dec 2017 when it hit the low of $1.806 to the high of $2.49 in Oct 2018 and to the low again of $2.07 in Nov – Dec 2018. During these periods, the price movement completed wave 1, 2, 3, 4, 5, A, B, C — one cycle of Elliott Wave as shown from the chart below.
According to the above wave nodes and their respective value, this is input into the Elliott Wave Calculator (the Fibonacci Calculator) as shown in the snapshot below The value of each of the wave and its respective Fibonacci ratio is being calculated and not the mention