Elliott wave theory - Enhance trading using wave principles
When it comes to predicting, forming, anticipating market predictions, Elliott wave is the one which is commonly used. Even though there are many other complementary theories and rules which also provide key tools for performing technical analysis, Elliott wave theory is the one which is highly beneficial for market predictions. This theory was developed in the 1930s by Ralph Nelson Elliott. Elliott believed and showed that there are more common structures available for markets which are different from the chaotic form used by most of the analysts. Later his cycles and waves became one among the most used and most popular methods. Through his theory, it became possible for technical analysts to view the financial markets. Elliott wave theory - Cycles and waves More than simple straight lines, psychological elements in the trading can bring in waves. These waves are the biggest features in the Elliott wave theory. This theory is highly influenced by Charles Dow’s theory as w...