A 5-wave trend can be reversed by a 3-wave countertrend that is full of corrective wave patterns in Elliott Wave Theory. The Elliott Wave Theory is generally applied to bull markets, but it may prove useful...
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Tag: correction
Introduction to Elliott Wave Theory Elliott Wave Theory was developed by Ralph Nelson Elliott — a professional accountant who went to work trying to figure out the stock market back in his time (1920s-1930s). He reviewed approximately...
The key to any strategy is to be able to put it into practice in real time. We all know that trading rarely operates like a textbook so it is important to understand the logic behind a...