Elliott Wave Theory is a method of market analysis, based on the idea that the market forms the same types of patterns on a smaller timeframe (lesser degree) that it does on a longer timeframe (higher degree). These patterns provide clues as to what might happen next in the market. According to the theory, it does not depend on what timeframe you are analyzing; market movements follow the same types of patterns.
The theory was developed by R.N. Elliott in the 1930s and was popularized by Robert Prechter in the 1970s. It claims that crowd behavior produces patterns and trends we see in markets; wave pattern, as defined by Elliott, is the physical manifestation of mass psychology in our world. These patterns not only appear in markets but anywhere humans make decisions en masse. Examples might include housing prices, fashion trends or how many people choose to ride the subway each day.
Motive Waves. Students will learn to identify and correctly label Motive Waves.
Students will learn to identify and correctly label Motive Waves.
Students will experience Corrective Waves through real-life charts from various markets. Learn to identify Corrective Waves!
Students will learn and be able to apply the three rules of the Elliott Wave Principles.
The Three Rules
Part 1 in a 2-part series on Guidelines. This lesson covers the Guidelines, or strong suggestions, that help guide the Elliott Wave Principle.
Guidelines, Part 1
Part 2 in a 2-part series on Guidelines. This lesson covers the Guidelines, or strong suggestions, that help guide the Elliott Wave Principle.
Students will learn the “personalities” of each wave, as well as the mass psychology behind waves in the markets.
Students will learn to identify and apply Fibonacci Relationships to charts, and the real-world.
DURATION- 14 HRS