The rally from the March 2020 “COVID” low is going through a 4 th wave correction, which may have ended this week, targeting ...
We will cover here the most basic forms, but there are a lot of them that you can find in the excellent book Elliott Wave Principle: Key to Market Behavior written by Frost and Prechter.
With just a basic understanding of the Elliott Wave Principle, you have a tool that can help you anticipate trends and trend changes. The Wave Principle says that markets move in five waves in ...
EWI's founder and CEO, Robert Prechter, has authored 20 books about investing, including the popular Elliott Wave Principle, the philosophical Socionomic Theory of Finance and the New York Times ...
This correction aligns with the classic Elliott Wave principle, where wave 4 consolidates before the final leg is higher in wave 5. Wave (iii) demonstrated strong momentum, surpassing the 1.0 ...
Analyzing both bullish and bearish Elliott Wave counts for the SP500 and NASDAQ. The focus is on treating current market lows as completed and identifying how and when to enter long trades.