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The best timeframe for trading the Elliott Wave strategy depends on your trading style and personality. If you are a day trader, you would want to trade on intraday timeframes, such as hourly, 30-minute, 15-minute, and so on.
The Elliott Wave Theory is used by some technical analysts to predict stock price movements based on repeating up-and-down patterns in the market. It assumes that these patterns are created by investor psychology or sentiment.
Price action traders focus on analyzing price movements, while Elliott wave traders use the Elliott wave principle to identify trends and predict future market movements.