Elliott Wave

The Elliott wave principle is an advanced discipline of financial market technical analysis. Ralph Nelson Elliott (1871-1948) revealed his wave principle to the public through Financial World magazine in 1939. Elliott identified and named 13 patterns that recur in the financial markets. These patterns connect and combine in a limited number of possibilities to form larger versions of the same patterns, and conversely, can be deconstructed (in a smaller time frame) to reveal smaller versions.

These 13 patterns repeat with variation in time and amplitude during an eight-wave cycle that consists of five waves progressing in the direction of the trend, with waves two and four being counter-trend reactions, followed by three counter-trend waves, with wave two reacting in the direction of the trend.

In 1940 Elliott further discovered that the Fibonacci sequence and its corresponding ratios were the mathematical basis for the wave principle and governed the proportional relationship between waves.

Robert Prechter of Elliott Wave International rescued the Elliott wave from obscurity in the early 1970s and is the world's foremost authority on the principle.

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Latest blogosphere posts tagged “Elliott Wave”

• Free Fibonacci Trading eBook

  
  Invest2Success Blog — Authority: 125
  Free 42-Page eBook: Find Trading Opportunities With Fibonacci Elliott Wave International has just released a free 42-Page eBook, How You Can Identify Turning Points Using Fibonacci. Created from the $129 two-volume set of the same name, it’s available free until November 30, 2009. Learn more. You may be ...
  2 days ago

• More Signs the Stock Market (and Everything Else) May Finally Be Topping Out

  
  Commodity Bull Market — Authority: 120
  The story of the investing week was the lack of confirmation of the new Dow and S&P highs by the secondary indices. Stock market tops often occur when sectors "peel away" from the up trend one by one, as fewer and fewer asset classes make new highs. While this is no guarantee of a top, the odds certainly ...
  4 days ago

• The FDIC Anesthesia Is Wearing Off

  
  GreenLightAdvisor Views — Authority: 143
  By Robert Prechter, November 20, 2009 The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist . For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks . Perhaps the single greatest reason for the unbridled ...
  4 days ago

• The FDIC Anesthesia Is Wearing Off

  
  Veritas Vos Liberabit — Authority: 433
  November 20, 2009 By Robert Prechter The following article is an excerpt from Robert Prechter’s Elliott Wave Theorist . For more information from Robert Prechter on bank safety, download his free report, Discover the Top 100 Safest U.S. Banks . Perhaps the single greatest reason for the ...
  5 days ago

• Silver

  
  Trade the Picture — Authority: 131
  Meanwhile, back at the factory, quite a few of you out there–that’s you my readership connection–have made it a point to let me know that many voices of the market are bearish on gold, including Robert Prechter of Elliott Wave Principle fame. I’ve never met Robert personally, though I do remember when he won ...
  1 week ago

• If Stocks Tank, Shouldn’t Gold Soar?

  
  GreenLightAdvisor Views — Authority: 143
  November 13, 2009 By Jeff Reckseit The following article is provided courtesy of Elliott Wave International (EWI). For more insights that challenge conventional financial wisdom, download EWI’s free 118-page Independent Investor eBook . ————- Large banks and more recently pension funds ...
  1 week ago

• Welcome to Flight 1120

  
  Slope Of Hope with Tim Knight — Authority: 590
  " This is Co-Pilot nummy-nums here and Id like to welcome you to Flight 1120 with Gold Man-Sacks Airlines where we not only get you there, but we teach you how to pray.  Please put your seat backs and tray tables in the full upright and locked position.  On our multi-day journey we will be cruising at an altitude of ...
  1 week ago

• RIMM

  
  toddstrade — Authority: 426
  RIMM formed a pivot resistance level at $65 recently and sits at a level which could loan it support from here. It was supported today at a trendline extension which happened to be right on top of a 38% retracement level (drawn coming off of the lows and into the $65 pivot) and of course a momentum divergence. ...
  1 week ago

• In the RUT (by Nathaniel Goodwin)

  
  Slope Of Hope with Tim Knight — Authority: 590
  Hello everyone, Nathaniel here. I always like to keep two Elliott wave counts in my charts, one bullish and one bearish. Then I like to compare each one and see which one "looks better” as to the way the rest of the market is reacting. I can then determine where I could initiate a position and set stops. Ive been ...
  1 week ago

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  Currency Forex Trading Blog — Authority: 155
  
  1 week ago

• Forex van Fibonacci Handel

  
  FOREX TRADE ALERT — Authority: 133
  leveragefx asked: Hoe te om geld in Vreemde valuta’s te maken die de Doelstellingen van de Winst gebruiken Fibonacci Retracements en Fibonacci. Gebracht aan u door www.LeverageFX.com Create a video blog…instantly.     GBP/USD, Gold Elliott Wave Analysis – Forex Trading, Currency … ...
  1 week ago

• Trading the Dollar With USDX

  
  Forex - Foreign Exchange Blog — Authority: 151
  The US dollar index (USDX) is an important analytical tool for traders in just about any market. The USDX is actually a futures contract which means that if you have a futures trading account you could trade this instrument like corn, oil, gold or currency futures contracts. However rather than…Read the original ...
  1 week ago

• Projecting Reversals (by Mortie)

  
  Slope Of Hope with Tim Knight — Authority: 590
  In my first lesson here , I wrote about the basics of of Elliott Wave (EW). I want to keep this as simple as possible, because it is simple. The other objective I have for this series, is to make it relevant to trading. This is not for the academician, this is for the trader. I will be going back and ...
  1 week ago

• Corrections Close to Completion (by cantabnomad)

  
  Slope Of Hope with Tim Knight — Authority: 590
  To continue with the theme of foreign (to US residents) markets, here is my take on the Italian MIB index. Italy is eurozones third largest economy. BOTTOM LINE: Corrections higher in risk and related assets are likely very close to completion. While major US indices advanced about 1.5% higher than expected, EU ...
  2 weeks ago

• European Indices (by cantabnomad)

  
  Slope Of Hope with Tim Knight — Authority: 590
  Good time of the day, Slopers. It is perhaps a testament to importance of the US to global markets - absolute majority of financial blogs out there focus on major US indices, such as SP500, Nasdaq, DJI and Russell. As I am based in Europe, I mostly trade EU indices, which I also often find clearer from a charting ...
  2 weeks ago

• Finance’s Euphoria: The Epilogue — What Record High Dollar Volume of Trading Says About Confidence

  
  Veritas Vos Liberabit — Authority: 433
    November 6, 2009 The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Until Nov. 11, you can read the rest of this brand-new report for free, during Elliott Wave International’s FreeWeek of U.S. forecasts. Learn more about FreeWeek, ...
  2 weeks ago

• A Look Into Record High Trading Volume...And What It Says About Investor Confidence

  
  Commodity Bull Market — Authority: 120
  The following article was adapted from the November 2009 Elliott Wave Financial Forecast and reprinted with permission here. Steve Hochberg and Pete Kendall produce stellar analysis for Elliott Wave International - two of my favorite guys in the biz - here, they take a look at trading volume, and what it says ...
  2 weeks ago

• Prechter: Wall St. Setting Investors Up

  
  GreenLightAdvisor Views — Authority: 143
  Robert Prechter, Elliott Wave Theorist, tells Yahoo TechTicker: “Everybody who’s saying ‘buy stocks’ today or ‘buy real estate’ is, I think, setting up people to get really hurt,” says Prechter, who believes the bear market rally is reaching a major top. “We had a great opportunity at [S&P] 667 ...
  2 weeks ago

• How To Use elliot wave forex charts part1

  
  FOREX TRADE ALERT — Authority: 133
  masterforexuk asked: For Private and Online Forex Training Visit http://www.masterforex.co.uk forex charts   Oil Elliott Wave Analysis Trap – Forex News – rated by the Forex Factory community, submitted by Forex news providers and forex analysts across the globe. Dollar Index, ...
  3 weeks ago

• Get a FreeWeek of Robert Prechter’s Forecasts (7 Days, 4+ Letters, 100+ pages)

  
  Alan's Money Blog — Authority: 119
  Dear readers, Eight months ago, the stock market began a very large rally — the gains exceeded 60% in the S&P 500. Everyone knows this. But here’s a fact that has gone virtually unreported: The vast majority of those gains (about 90%) were from March through August . By comparison, ...
  3 weeks ago

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