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Elliott Wave Theory |
Also found in: Wikipedia | 0.07 sec. |
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Elliott Wave Theory Theory named after Ralph Nelson Elliott, who concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Notes: Based on rhythms found in nature, the theory suggests that the market moves up in a series of five waves and down in a series of three waves.
The key difference between the Elliott Wave Principle and other cyclical theories is that this theory suggests no absolute time requirements for a cycle to complete. Elliott Wave Theory Technical market timing strategy that predicts price movements on the basis of historical price wave patterns and their underlying psychological motives. Robert Prechter is a famous Elliott Wave theorist.
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I follow the Elliott Wave theory, and one more leg up is expected in both crops. |
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