Impulses are always subdivided into a set of 5 lower-degree waves, alternating again between motive and corrective character, so that waves 1, 3, and 5 are impulses, and waves 2 and 4 are smaller retraces of waves 1 and 3.
What is the Elliott Wave Principle? The Elliott Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from …
Elliott Wave Principle and The Big Money. As I mentioned earlier this week, this week we are having a double giveaway. Two winners will receive one book each.
There are supposed to be small waves contained within large waves which are contained in even larger waves. In the 5-wave pattern, waves 1, 3, 5 form the trend, while waves 2 and 4 correct it. N Elliott asserted that the market prices form waves.
Basic Elliott Wave Tutorial:
from Zorro29, 3 years ago in Finance
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