The Elliott wave principle reveals

The Elliott wave principle reveals

What Wave Principle says is progress that mankind (on which the stock market is popularly determined valuation) does not occur in a straight line, do not occur randomly, and do not occur cyclically. Rather, progress takes place in three steps forward, two steps back "fashion, a form that nature prefers. As a consequence, the Elliott wave principle reveals that periods of obstacle in fact a prerequisite for social (and perhaps even individual) progress.

Until a few years, the idea that market movements are patterned was highly controversial, but recent scientific discoveries have established that pattern formation is a fundamental characteristic of complex systems that include financial markets. Some such systems are susceptible marks growth, that is, periods of growth alternating with phases of non-growth or decline, building fractally in similar patterns of increasing size. This is precisely the type of pattern identified in market movements by RN Elliott some sixty years.

Most important to individuals, portfolio managers and investment corporations is that the wave principle often indicates the relative size of the advance of the next period of market progress or regress. Live in harmony with those trends can make the difference between success and failure in financial affairs.

To gain a full understanding of Wave Principle, including the terms and forms, read Elliott Wave Principle of AJ Frost and Robert Prechter. We wish you success.