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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Original Technorati articles tagged “elliott wave”

• in Finance
  Elliott Wave: Extracting Extremes and Predicting next One by Neural Network
  Improved Elliott Wave model can be successfully used as an additional input for making investing decisions in modern market conditions
  by Addaptron / on Oct 6, 2011

Latest blogosphere posts tagged “elliott wave”

 

• thursday update

  
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  SHORT TERM: lower open then rally, DOW +181 Overnight the Asian markets lost 3.2%, mostly Japan. European markets opened lower and lost 0.1%. US index futures were lower overnight. At 8:30 weekly Jobless claims were reported lower: 334K vs. 346K, Retail sales were reported higher: +0.6% vs. +0.1%, but Export (-0.7% ...
  5 days ago

• If You’re Winning 80% of Your Trades, Chances Are You’re Losing Money

  
  — Authority:
  Trading is not all about win percentage.  What matters most is taking small controlled risks and having larger rewards over time.  The win percentage is secondary to this.  Most professional traders win between 35% – 60% of the time with the majority falling around the 45% winners to losers range.  So, trading ...
  5 days ago

• wednesday update

  
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  SHORT TERM: market gaps up then fades, DOW -127 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 0.7%. US index futures were much higher overnight, and the market gapped up to SPX 1636 at the open. The SPX had closed at 1626 yesterday. Within the first few minutes the SPX hit 1638 and then began to ...
  6 days ago

• tuesday update

  
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  SHORT TERM: gap down opening, rebound, then DOW -117 Overnight the Asian markets lost 1.4%. European opened lower and lost 1.1%. US index futures were sharply lower overnight, and the market gapped down to SPX 1630 at the open. The market had closed at SPX 1643 yesterday. Within the first few minutes the SPX hit ...
  1 week ago

• OEW tutoring

  
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  Objective Elliott Wave, (OEW), is a quantitative approach to the Elliott Wave Theory. Once you learn OEW you will be able to quantitatively research the historical price performance of any asset class, or stock, and determine its current position within its overall long term trend. Quantified waves never change. Then ...
  1 week ago

• weekend update

  
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  REVIEW This was certainly a volatile week. The SPX starting the week at 1631: dropped down 1623 Monday, rallied to 1647 Tuesday, dropped to 1598 by Thursday, then rallied back up to 1644 by Friday. Uptrend – Downtrend? We will get to that later. For the week the SPX/DOW were +0.85%, the NDX/NAZ were +0.35%, and the ...
  1 week ago

• Gold And Silver – Reality Does Not Matter. Potemkin COMEX Does.

  
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  by  Michael Noonan It never gets tiring to say how the market is the most reliable source of information in the form of developing market activity.  Prior to the sharp sell off in mid-April, the prevailing belief was that central bankers had their golden teat caught in a demand ringer from which there was no ...
  1 week ago

• friday update

  
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  SHORT TERM: gap up and go kind of day, DOW +208 Overnight the Asian market lost 0.6%. Europe opened lower but gained 1.5%. US index futures were higher overnight, and at 8:30 monthly Payrolls were reported higher: 178K vs. 176K, but the employment rate rose: 7.6% vs. 7.5%. The market gapped up at the open to SPX 1628 ...
  1 week ago

• thursday update

  
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  SHORT TERM: another volatile day, DOW +80 Overnight the Asian markets lost 0.8%. Europe opened lower, rallied, then lost 1.1%. US index futures were higher overnight. At 8:30 weekly Jobless claims were reported lower: 346K vs. 354K, and FED governor Raskin’s speech was released: ...
  1 week ago

• Nifty Chart

  
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  Position : 1000 long from 5916 [Future] with sl 5850(C)                 (cmp-5938, 1000*22=+22,000) Trade Support : 5889-5882 Resistance 5947-5955 Trend Support : 5850-5843 Resistance 6011-6020 Technical Analysis : 1. 78.6% of the swing 6229-5477 is @  5637 2. Negative breakout triangle with the high ...
  1 week ago

• wednesday update

  
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  SHORT TERM: correction/pullback continues, DOW -217 Overnight the Asian markets lost 1.6%. Europe opened lower and lost 1.7%. US index futures were lower overnight. At 8:15 the ADP index was reported higher: 135K vs. 119K, but lower than expectations. The market gapped down at the open to SPX 1626, dipped to 1625, ...
  1 week ago

• Wacky Forex Market With Great Trends

  
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  Hello Traders! Welcome back Today we will take a quick look at recent price action before showing a great analysis on the EURCAD… By the way, make sure to read yesterday’s article on the USDCAD and USDCHF. The USDCAD seems to be breaking the bull flag which I had mentioned in this article, so definitely worth ...
  1 week ago

• tuesday update

  
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  SHORT TERM: correction/pullback resumes, DOW -76 Overnight the Asian markets gained 0.6%. Europe opened higher and gained 0.2%. US index futures were lower overnight, and at 8:30 the Trade deficit was reported higher: -$40.3 bln vs. -$38.8 bln. The market opened unchanged at SPX 1640 then began to rally. By 10:30 the ...
  2 weeks ago

• Nikkei Index hitting long term resistance

  
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  Historical view of the Japanese stock market. The Nikkei Index is hitting a multi decade declining resistance line. In addition the index is very overbought.This is most likely a great... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
  2 weeks ago

• Elliott Wave: USDCAD Could Retest 1.0420

  
  Currency Forex Trading Blog — Authority: 141
  USDCAD moved nicely lower beneath wave A support in the last few sessions in wave C, which we highlighted yesterday. Notice that from that latest 1.0260 low market reversed sharply and in impulsive fashion with current prices approaching upper trend-li...
  2 weeks ago

• monday update

  
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  SHORT TERM: quite a choppy day to start the month, DOW +138 Yesterday FED chairman Bernanke and vice chair Yellen gave the following speeches: http://www.federalreserve.gov/newsevents/speech/bernanke20130602a.htm , and http://www.federalreserve.gov/newsevents/speech/yellen20130602a.htm . Asian markets opened lower ...
  2 weeks ago

• ST Engineering: Elliott Wave A in Action

  
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  ST Engineering has broken the uptrend support and started a correction. Base on the chart pattern, ST Engineering has completed Wave 5 (top at 261.8% Fibonacci Extension) and is currently trading in Wave A of Elliott Wave. Things to look out for: ST Engineering may be finding a support between $4.00 to $4.06. This ...
  2 weeks ago

• weekend update

  
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  REVIEW This past holiday shortened week can best be described as choppy until late friday. The SPX started the week at 1650, rallied to 1674, dropped to 1640, rallied to 1662, and ended at 1631. For the week the SPX/DOW were -1.15%, the NDX/NAZ were -0.20%, and the DJ World index was -1.20%. Economic reports remained ...
  2 weeks ago

• friday update

  
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  SHORT TERM: another gap opening, DOW -209 Overnight the Asian markets lost 0.4%. Europe opened lower and lost 1.0%. US index futures were lower overnight as well. At 8:30 Personal income was reported flat: 0.0% vs. +0.2%, Personal spending was reported lower: -0.2% vs. +0.2%, and PCE prices remained flat: 0.0% vs. ...
  2 weeks ago

• USDJPY and S&P Futures – Both Looking Bearish (Elliott Wave Analysis)

  
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  S&P Futures turned around perfectly from that 1655/1660 resistance area that we highlighted several times in our past updates. Notice that the pull-back from 1636 was in three waves that now appears complete after the current new leg down. In fact, we also see a head and shoulders pattern that is pointing for a ...
  2 weeks ago

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