A pattern-recognition technique published by Ralph Nelson Elliott in 1939 which states that the market follows a rhythm or pattern of five waves up and three waves down to form a complete cycle of eight waves. The five waves up are called impulse waves and the three waves down are referred to as corrective waves. In FX we apply this wave principle to bear markets as well as bull markets, where as the five waves down are impulsive and the three waves up are corrective.
Used in the context of general equities. Technical market timing strategy that predicts price movements based on historical price wave patterns and their underlying psychological motives. Robert Prechter is a famous Elliott Wave Theorist.
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.
technical analysis technique published by Ralph Elliott, which claims that stock markets follow a pattern of five waves up and three waves down (or sometimes, five up and three down in a bull market, and three up and five down in a bear market).
Elliott Wave Theory goes beyond traditional charting techniques by providing an overall view of market movement that helps explain why and where certain chart patterns develop. The three major aspects of wave analysis are pattern, time and ratio. The basic Elliott pattern consists of a 5-wave uptrend followed by a three-wave correction. Each "leg" of a wave in turn consists of smaller waves. Elliott waves can be used to successfully define where the market currently is in relation to "the big picture" is unreliable for short term trading.
A technical trading technique which assumes that prices move in a five-wave sequence with the direction of the main trend, and in a three-wave sequence during the corrective movements against the main trend.
A pattern-recognition technique published by Ralph Nelson Elliott in 1939 that believes all markets move in 5 distinct waves when traveling in the direction of a primary trend and 3 distinct waves when moving in a correction against a primary trend.
A theory of market behavior published by Ralph Nelson Elliott in the 1930s. According to the theory, the stock market follows a pattern of five waves up and three waves down to form a complete cycle.
A pattern-recognition technique published by Ralph Nelson Elliott in 1939, which holds that the markets follow a rhythm or pattern of five waves up and three waves down to form a complete cycle of eight waves. The three waves down are referred to as a "correction" of the preceding five waves up.
See on: Wikipedia Investopedia 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.
