The is a form of technical analysis used to forecast financial market trends by identifying repetitive fractal price patterns driven by investor psychology . Developed by Ralph Nelson Elliott in the 1930s, it posits that markets move in a basic structure of five waves in the direction of the main trend followed by three corrective waves against it . Core Concepts Elliott Wave Principle – A Review of the Basics
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The is a form of technical analysis used to forecast financial market trends by identifying repetitive fractal price patterns driven by investor psychology . Developed by Ralph Nelson Elliott in the 1930s, it posits that markets move in a basic structure of five waves in the direction of the main trend followed by three corrective waves against it . Core Concepts Elliott Wave Principle – A Review of the Basics