Elliott Waves
| Elliott Waves is a theory that was developed by Ralph Nelson Elliott in the late 1920s. The theory is based on the premise that price movements in the financial markets are not random, but rather follow a repeating pattern. The theory is used as a tool to analyze price fluctuations in the financial markets and to predict future market movements. The Elliott Waves theory is based on the observation that price movements in the financial markets are not random, but rather follow a repeating pattern. The theory is used as a tool to analyze price fluctuations in the financial markets and to predict future market movements. The theory is based on the premise that there are three basic types of price movements in the financial markets: impulsive waves, corrective waves, and diagonal waves. Impulsive waves move in the direction of the overall trend and are made up of five sub-waves. Corrective waves move against the overall trend and are made up of three sub-waves. Diagonal waves are a combination of both impulsive and corrective waves and are made up of three sub-waves. The theory states that each of these waves has a specific purpose and that they all work together to create the overall price movement in the market. The theory is used as a tool to analyze price fluctuations in the financial markets and to predict future market movements. The Elliott Waves theory is a tool that can be used to analyze price fluctuations in the financial markets and to predict future market movements. The theory is based on the premise that price movements in the financial markets are not random, but rather follow a repeating pattern. The theory is used as a tool to analyze price fluctuations in the financial markets and to predict future market movements. |
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