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What is Elliott Wave? Elliott was able to spot unique characteristics of wave patterns and make detailed market predictions based on the patterns he identified.
These ever-smaller patterns are labeled as different wave degrees in the Elliott Wave Principle. This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
In the 70s, this wave principle gained popularity through the work of Frost and Prechter.
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An impulse-wave formation followed by a corrective wave, form an Elliott wave degree, consisting of trends and countertrends.
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The Elliott Wave Theory has assigned a series of categories to the waves in order of the largest to the smallest.
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Waves within Wave An important feature of Elliott Wave is that they are fractal in nature.
Therefore, we can count the wave on a long-term yearly market chart as well as short-term hourly market chart.
All we have to do is to identify which wave form is going to unfold in order to predict future market actions. NEoWave TRADING updates NEoWave DAILY Forecast NEoWave WEEKLY Forecast NEoWave MONTHLY Forecast What is the difference between NEoWave and Elliott Wave?
What is Elliott Wave?
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