What is the Elliott Wave Principle?
The Elliott Wave Principle was first discovered in the late 1920s by Ralph Nelson Elliott. He discovered that the “market” does not behave in a chaotic manner; instead, it moves in repetitive cycles, which actually reflect human actions, reactions and emotions caused by exterior influences such as news, whether good or bad, rumors, economic situations, etc. His theory stated that “the ebb and flow of mass psychology” always unfolds in the same basic repetitive patterns. Read more…
