https://en.wikipedia.org/wiki/Elliott_wave_principle#Criticism https://en.wikipedia.org/wiki/Elliott_wave_principle#Critici... Economic governance has shifted

https://en.wikipedia.org/wiki/Elliott_wave_principle#Criticism https://en.wikipedia.org/wiki/Elliott_wave_principle#Critici... Economic governance has shifted in significant ways in the last 50 years, and will likely continue to do so. Of course, we don't have sustained euphoria in markets so "long waves" with inconsistent peaks and troughs emerge.