FAQ-10-3

When you draw the Green and Red Target boxes, do you draw them on the time frame you think they will be achieved?

Unfortunately, the Elliott Wave theory does not provide us with any tool to predict timing of termination of price moves. I studied a number of other methods including cycles but none of them could be considered a reliable prediction tool. That is why I do not try to predict timing of reversals. We may try to predict at what level price may terminate its move. It can happen in a matter of days but may take several weeks or even longer.