Elliot Wave

The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. One of the easiest places to see this phenomenon at work is in the financial markets, where changing investor psychology is recorded via price movements. Price charts are said to develop wave patterns in a series of what are called impulse and corrective waves, as in the example below.

See below for your FREE book..."The Elliott Wave Principle: Key to Market Behavior ". The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott. Mr. Elliott completed the bulk of his work on the Principle in the 1930s and 1940s. Today, the Principle is one of the most widely accepted methods of market analysis in the world.

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