Elliott Wave Theory can seem like a dream come true to traders. It offers traders a description of how markets should behave, with precise rules that help identify price targets in advance.
There is no doubt Elliott Wave is one of those techniques that traders either love or hate. For some it’s almost a status symbol to be able to count waves. Others find it just too hard.
A technical analysis market timing strategy published by Ralph Nelson Elliott. Elliott Wave Analysis is based on repetitive wave patterns and the Fibonacci number sequence. The theory asserts that the stock market moves up in a series of five waves and down in a series of three waves, predicting price movements on the basis of … Read more