Trading Techniques – The Elliott Wave

The Elliott wave principle is primarily a trend-following school of technical analysis that describes market movements as waves. In Elliot wave theory each market movement, or wave pattern, is designated with a numeric label and a behavioral designation-impulsive (trending) or reactive (corrective). It is named after the market analyst R. N. Elliott, who published his ideas in two books: The Wave Principle (1938) and Nature’s Laws-The Secret of the Universe (1946). Elliott wrote that a market movement, whether a bull move or a bear move, always could be broken down into five separate waves, with three being impulsive, or trending,... - best wordpress themes - magazine wordpress themes restaurant wordpress themes