Elliott Wave Theory with professional trading strategies
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PROOF COURSE:
Learn advanced Elliot Wave Theory for trading the financial markets.
Are you a trader looking to increase your returns?
Less than 1% of retail traders have a applicable knowledge of Elliot Wave Theory.
Learn advanced Elliot Wave Theory for trading the financial markets.
Are you interested in learning profitable techniques used by real professional traders?
Are you a trader looking to increase your returns?
Well here is the opportunity to study and research what a full time professional trader uses to analyse market trends.
Less than 1% of retail traders have a applicable knowledge of Elliot Wave Theory.
What is Elliot Wave Theory?
Ralph Nelson Elliott developed the Elliott Wave Theory in the late 1920s. Elliott believed that stock markets, thought to behave in a somewhat chaotic manner, in fact traded in repetitive cycles.
Elliott proposed that market cycles resulted from investors’ reactions to outside influences, or predominant psychology of the masses at the time. He found that the upward and downward swings of the mass psychology always showed up in the same repetitive patterns, which were then divided further into patterns he termed “waves”.
Elliott’s theory is based on stock prices move in waves. Because of the “fractal” nature of markets, however, Elliott was able to break down and analyze them in much greater detail. Fractals are mathematical structures, which on an ever-smaller scale infinitely repeat themselves. Elliott discovered stock-trading patterns were structured in the same way. He then took the next obvious step and began to look at how these repeating patterns could be used as predictive indicators of future market moves.
In the financial markets we know that “every action creates an equal and opposite reaction” as a price movement up or down must be followed by a contrary movement. Price action is divided into trends and corrections or sideways movements. Trends show the main direction of prices while corrections move against the trend. Elliott labeled these “impulsive” and “corrective” waves.
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