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.

by David Waggoner Are you a writer, passionate about this or any other topic? Join Blogcritics!

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”

 

• Don’t Invest Another Dime Before Reading This Free Report at Least 3 Times

  
  — Authority:
  Let me tell you about the page-turner of a report on U.S. and European markets I read three times today. You shouldn’t invest another dime in the U.S. or in Europe without reading it three times, too.Learn more about the new free report here. Greetings, As a financial publisher, literally dozens of investment ...
  2 days ago

• thursday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: consolidation day, DOW +34 Overnight the Asian markets gained 0.4%. European markets gained as well, +1.2%. US index futures were higher overnight, and at 8:30 weekly Jobless claims were flat: 370K vs 370K, but Durable goods orders turned positive: +0.2% vs -4.0%. The market opened higher at SPX 1322, and ...
  2 days ago

• wednesday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: wild day, DOW -7 Overnight the Asian markets lost 1.3%. European markets gave back yesterday’s 1.8% gain, and then some, losing 2.5%. US index futures were lower overnight and the market gapped down at the open to SPX 1310. The market had closed at SPX 1317 yesterday. In the first 15 minutes, or so, the ...
  3 days ago

• tuesday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: follow through rally then pullback, DOW -2 Overnight the Asian markets gained 0.3%. Europe opened higher and rallied 1.8%. US index futures were lower overnight, but edged higher heading into the open. At the open the SPX hit 1319, pulled back to 1316, and then continued higher. The market had closed at ...
  4 days ago

• How a Simple Line Can Improve Your Trading Success

  
  — Authority:
  Elliott Wave International’s Jeffrey Kennedy explains many ways to use this basic toolMay 21, 2012By Elliott Wave InternationalThe following trading lesson has been adapted from Jeffrey Kennedy’s eBook, Trading the Line — 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. You can download the ...
  5 days ago

• Gains. At Last!

  
  — Authority:
  International markets have moved higher today although the ASX 200 shows little in the way of confidence. Qantas dominates local action, whilst Apple provides shareholder value at current levels…
  5 days ago

• monday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: oversold rally starts week, DOW +135 Overnight the Asian markets ended about unchanged. European markets opened lower but ended +0.3%. US index futures were higher overnight, and the market opened higher at SPX 1298. The SPX had closed at 1295 on friday. Within the first few minutes the SPX rose to 1301 ...
  5 days ago

• Technical Analysis for Nifty

  
  — Authority:
  Charts for Analytical Insight and Trading ahead : 1. Monthly : 2. Weekly : 3. Daily : 4. Hourly : HAPPY TRADING !!!
  1 week ago

• Elliott Waves pro Indicator

  
  — Authority:
  Developing your forex strategy will be one of your most important decisions whilst starting , maintaining or accelerating your forex trading career. Directionless forex trading will only empty your bank account and shorten your forex trading career. Elliott wave trading is a perfect forex strategy to enhance, ...
  1 week ago

• Roy’s weekend video update

  
  — Authority:
  Roy checks out the currency pairs USD/CZK, then takes a look at USD/SEK, after a few important general observations on the market as a whole. You can visit his web-site by Clicking here!!!
  1 week ago

• weekend update

  
  the ELLIOTT WAVE lives on — Authority: 111
  REVIEW A nasty week in most of the world’s stock markets as the current downtrend extended. The SPX/DOW lost 3.9%, the biggest weekly drop since November, and the NDX/NAZ lost 5.3%. Asian markets were -4.0%, European markets were -5.0%, and the DJ World index lost 5.4%. Economic reports for the week were mixed ...
  1 week ago

• Technical Analysis for Nifty

  
  — Authority:
  Will the Downtrend continue? will a bounce come this week ? what levels and signals to watch for ? Check the charts below with observations - 1 . Weekly Chart : 2. Daily Chart : 3. Hourly Chart : 4. 5min Chart : 5 . Trend decider : 6. ...
  2 weeks ago

• Forex Mt4 Powerful Trading Indicator *webtrendmountain*

  
  — Authority:
  Hey, check out these auctions: Money-Making FOREX Website. Automated Affiliate Incomes US $9.95 End Date: Saturday May-12-2012 4:04:57 PDT Buy It Now for only: US $9.95 Buy it now | Add to watch list The Forex Mindset The Skills Winning Attitude You Need More Pro | Jared Martinez ...
  2 weeks ago

• Thursday Resilience

  
  — Authority:
  Despite more depressing news out of Europe, US and Australian markets held up exceptionally well today. Perhaps it is the swathe of positive earnings bolstering market confidence? Many indicators point towards a continued run of gains in the coming weeks, Lachlan McPherson discusses in further detail…
  3 weeks ago

• wednesday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: gap down opening, DOW -11 Overnight the Asian markets were mostly higher +0.5%. European markets were mostly lower -0.4%. US index futures traded lower overnight as well. At 8:00 FED governor Tarullo’s: http://www.federalreserve.gov/newsevents/speech/tarullo20120502a.htm , CFR speech was released. At ...
  3 weeks ago

• tuesday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: first of month rally, DOW +66 Overnight the Asian markets were mostly higher gaining 0.2%. Most of Europe was closed for May Day, but the FTSE gained 1.3%. US index futures were again relatively flat overnight. The market opened at SPX 1397, one point under yesterday’s 1398 close. In the first half hour ...
  3 weeks ago

• monday update

  
  the ELLIOTT WAVE lives on — Authority: 111
  SHORT TERM: end of month pullback, DOW -15 Overnight the Asian markets were mostly higher +0.7%. Europe, however, opened higher and closed mostly lower -0.8%. US index futures were relatively quiet overnight. At 8:30 Personal income was reported higher: +0.4% vs +0.2% , Personal spending lower +0.3% vs +0.8%, and ...
  3 weeks ago

• US Market Update

  
  — Authority:
  US Markets fell today, despite positive hopes taking this to six consecutive months of gains for the S&P 500. Lachlan McPherson discusses the day’s action and what this means for Australian Markets…
  3 weeks ago

• New Market Highs?

  
  — Authority:
  With the S&P correction potentially in the rear view mirror, we have the potential for new market highs.  We will have to see how the market responds to the rest of the earnings announcements early this week. The Dow is in the MTPredictor wave 4 heading into wave 5/DP resistance.  This would take the markets to ...
  3 weeks ago

• Technical Analysis for Nifty

  
  — Authority:
  Below are Charts with Observations . Note the levels and signals carefully - 1. Weekly : 2. Daily : 3. Hourly : 4: Weekly 5 ema : 5. Volume Profile : Follow me on Twitter for Updates - ...
  3 weeks ago

Comments about elliott wave