I am not saying whether it is probable or improbable, I was only saying that the scenarios dont have any weightage, every scenario is as likely to happen and is only evident after the fact.
But the biggest challenge is when you say "if ur count is wrong it wud do just the opposite of ur contention" , because this is not necessarily the case. One can "count" wrong and have the market play out exactly according to the wrong count.
Here is my forecast
See attached.Its the most basic system I have, even my wife can figure it out
( No MM applied )
Compare that to all the probable scenarios that EW creates ( which I can create as well ) and compare the difference.In short, it doesnt matter at all what the market does or will do, no subjectivity, one simply gets on with the routine.This is for positional trading, for intraday there are better methods since there is more data and probabilities improve.
This is what I have been saying all along, the question is not whether anything works or doesnt work but how stress-free and objective it is in the long term given the same amount of work.