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”

 

• weekend update

  
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  REVIEW It was another week of all time record highs on Wall Street. The SPX hit 1635, nearly 1,000 points off the March 2009 low. And, the DOW closed over 15,000 for the first time in its 117 year history. For the week the SPX/DOW were +1.10%, the NDX/NAZ were +1.45%, and the DJ World index was +1.0%. On the economic ...
  1 week ago

• Top 3 Technical Tools Part 1: Japanese Candlesticks

  
  Alan's Forex Blog — Authority: 123
  EWI senior analyst Jeffrey Kennedy shows you how to identify quality trade setups with supporting technical indicators.By Elliott Wave International“I always will be an Elliottician, but other technical tools have merit and are indeed worthwhile: they allow me to build a case, build a more confident reason for ...
  1 week ago

• Read this New Special Report before Gold and Silver Drop Further

  
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  As I write this post, gold is down more than 3% for the morning of Friday, May 10. Major pullbacks like Friday’s are often followed by big bounces, but as gold and silver threaten to breach the recent April lows, many investors have an important question in mind: Are we in the early stages of [...]
  1 week ago

• friday update

  
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  SHORT TERM: choppy day after yesterday’s high, DOW +36 Overnight the Asian markets gained 1.4%, mostly Japan. European markets opened higher and gained 0.4%. US index futures were higher overnight, and the market opened at SPX 1628, one point above yesterday’s close. Right after the open FED chairman ...
  1 week ago

• Miners down but not Out

  
  TradingTutors — Authority: 125
  Mining stocks have risen over the last few days and so we ask, does this herald the beginning of a new dawn? Let’s start with a chart of XMJ:   This suggests this buying is only a ‘dead cat bounce’ – that is it is an upward jump but maybe another leg down is not [...]
  1 week ago

• thursday update

  
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  SHORT TERM: rally finds a weakness, DOW -23 Overnight the Asian markets lost 0.3%. European markets opened lower and lost 0.1%. US index futures were lower overnight, and at 8:30 weekly Jobless claims were reported lower: 323K vs. 324K. The market opened lower at SPX 1631, then bounced back to yesterday’s record ...
  1 week ago

• Facebooks Elliott Wave structure

  
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  Here is a daily chart of Facebook, with ticker "FB" on the NYSE. Facebook has just completed a 4th wave correction and is in the beginning of a 5th wave rally. Target is USD 36, but it could go even... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
  1 week ago

• wednesday update

  
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  SHORT TERM: new bull market highs again, DOW +49 Overnight the Asian markets gained 0.7%. European markets opened higher and gained 0.7% too. US index futures were lower overnight, but the market opened unchanged at SPX 1626. Right after the open the market dipped to SPX 1623, then went right back into rally mode. At ...
  1 week ago

• tuesday update

  
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  SHORT TERM: another day another record high, DOW +87 Overnight the Asian markets gained 1.8% – mostly Japan. Europe opened higher and gained 0.6%. US index futures were higher overnight, and the market opened at SPX 1620. By 10:00 the SPX had rallied to 1624. It pulled back to SPX 1617 by 10:30, then started to ...
  1 week ago

• monday update

  
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  SHORT TERM: market ends mixed, DOW -5 Overnight the Asian markets gained 0.7%. Europe opened mixed but finished -0.2%. US index futures were higher overnight, and the market opened one point higher at SPX 1615. In the first few minutes the market rose to SPX 1617, then dipped to 1614 by 10:00. After another pop and ...
  1 week ago

• China: Full Steam Ahead

  
  TradingTutors — Authority: 125
  Welcome back to Trading Tutors! Although often tiring, I feel blessed with the opportunity to travel to far corners of the world, analyzing opportunities and assessing their impact on the global financial ferris-wheel. This time, I was lucky enough to spend the majority of the past week in China, attending a well ...
  1 week ago

• Elliott Wave & Technical Analysis for Nifty

  
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  Was not able to update a new post last month but observations in the comment section of last post held good to capture the reversal from 5477 bottom above crucial 5550 level then. We have done the 5960 target as mentioned. Now further-   AAR VEE  said... 07-4-13 : --------- Broken and closed ...
  1 week ago

• When Interest Rates are Low, Stocks Will Grow.

  
  MTPredictor - Trading Software for Stocks, Futures and Forex — Authority: 123
  Since 1950, when interest rates (inflation) have been below 2.5%, the stock market has returned over 13% on average.  Currently, interest rates are well below that 2.5% threshold (albeit artificially by Fed manipulation) and the Dow cash hit 15,000 last week – a new all-time high.  The Fed outlook is to keep the ...
  1 week ago

• Possibly The Easiest Options Explanation Ever

  
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  By Chris Ebert For more than a year now, I have posted periodic updates on the performance of several option trading strategies here at zentrader . These updates were intended to give traders an edge in the market, not only by showing which option strategies are currently profitable and which should be avoided, but ...
  1 week ago

• How a Fibonacci Cluster Showed an Important Resistance Level in Gold

  
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  Senior Analyst Jeffrey Kennedy shares techniques that helped spot a trading opportunity. By Elliott Wave International If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts. But have you heard of "Fibonacci Clusters?" Elliott Wave ...
  2 weeks ago

• Market psychology at important fibonacci retracement levels

  
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  There is no single most important fibonacci retracement level. Rather which level comes to the fore has to do with timing and can only be confirmed by observing price action. However some fib levels have more meaning than others. The post Market psychology at important fibonacci retracement levels appeared first on ...
  2 weeks 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 ...
  2 weeks ago

• weekend update

  
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  REVIEW The SPX/DOW crossed two milestones on Friday: SPX 1600 and DOW 15,000. That is exactly what kind of uptrend this has been: relentless. For the week the SPX/DOW gained 1.90%, and the NDX/NAZ gained 3.35%. Asian markets gained 0.3%, European markets gained 2.5%, and the DJ World index gained 1.7%. On the ...
  2 weeks ago

• How a Fibonacci Cluster Showed an Important Resistance Level in Gold

  
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  By Elliott Wave International If you use Elliott in your technical analysis, you may already use Fibonacci ratios to determine targets and retracement levels in your charts. But have you heard of "Fibonacci Clusters?" Elliott Wave Junctures editor Jeffrey Kennedy shares his charts to illustrate this technique, which ...
  2 weeks ago

• friday update

  
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  SHORT TERM: milestone day SPX 1600/DOW 15,000, DOW +142 Overnight the Asian markets lost 0.5%. Europe opened lower but gained 1.4%. US index futures were higher overnight then spiked higher after the monthly Payrolls report: +165K vs. +88k. At the open the SPX gapped over 1600 to 1607 and continued to rally. In the ...
  2 weeks ago

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