Archive for December, 2000


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Elliott Wave Forex | Elliott Wave Theory Basics

Sunday 31 December 2000 @ 8:00 pm

Elliott Wave Forex Trading

Elliott Wave Theory Basics

 

 

What is Elliott Wave Theory? It is also known as the Elliott Wave Principle.

 

 

Ralph Nelson Elliott believed markets had well-defined waves that could be used to predict market direction. In 1939, Elliott detailed the Elliott Wave Theory, which states that securities traded in repetitive cycles, which he discovered were the emotions of investors, also known as investor sentiment. Elliott stated that the upward and downward swings of the mass psychology always showed up in the same repetitive patterns, which he termed “waves”. In this section, we provide a primer to Elliott Wave Theory. We will cover a lot of basic information but if you want more detailed information to become an Elliott Wave expert, we recommend that you do additional research. One of the leading websites for Elliot Wave Theory is 4xgenie.com

 

 

 

The major component of the Elliott Wave Principle is The Five Wave Pattern

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