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Guide to Elliott Wave theory
Elliott Wave Theory, pioneered by Ralph Nelson Elliott in the 1930s, is a foundational concept in technical analysis. It explains market price movements as a reflection of collective investor psychology, forming recurring wave patterns. These patterns are fractal in nature, meaning they recur on various scales, from long-term charts to short-term intervals. Elliott’s work gained prominence when he accurately predicted a stock market bottom in 1935. Since then, his theories have become essential for traders and portfolio managers aiming to identify market trends, reversals, and opportunities. The Two Types of Waves ... (full story)
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- Posted: Dec 12, 2024 12:15pm
- Submitted by:Category: Educational NewsComments: 0 / Views: 211
