Elliott Wave Theory is an Over-fitting Model which is Useless and Unprofitable

This post reminded me that why Elliott Wave so-called theory is nonsense, because it is an over-fitting model that has little predictive value for the future.

"What is overfitting in trading? Overfitting in trading is the process of designing a trading system that adapts so closely to historical data that it becomes ineffective in the future."

Refer to What is Overfitting in Trading?