Elliott Wave principle is predominately used in analyzing prices in stock market based on investors psychological behavior toward it. Should said subject also involve mass population then it should be possible to use Elliott Wave principle to analyze it too.
The Singapore political landscape does involve mass population (citizens of Singapore) to vote in the political party the right to govern the nation or to vote out the political party who deem unfit to govern the nation. Thus, the possibility of Elliott Wave principle is able to describe the political landscape is there.
Below is the detail analysis.
Elliott Wave Analysis on Singapore Political Landscape -- Part I
Elliott Wave Analysis on Singapore Political Landscape -- Part II
Elliott Wave Analysis on Singapore Political Landscape -- Part III
Elliott Wave Analysis on Singapore Political Landscape -- Part IV
From investment perspective, knowing the political landscape can no doubt bring opportunity, a probably once in a life time opportunity since any change of political landscape happens in multi-decades time frame.