Elliott wave
In charting techniques, a widely famous technique The Elliott Wave Theory helps you predict market both short term and long term in form of wave analysis. At MHV Education, Stock Market Classes includes this strategy in detail. If you're looking to dive deep into this powerful concept, it’s crucial to first understand what Elliott Wave Theory is, why it matters, and where you can learn it the right way. Elliott wave theory: Ralph Nelson Elliott developed this in the 1930s, which helps predict market waves which are driven by investor psychology. According to Elliott, market prices move in repetitive cycles—five waves in the direction of the trend (impulse waves), followed by three corrective waves in the opposite direction. Formed in every trend these waves can be observed in intraday charts as well as long-term cycles in stock market. Why Elliott Wave Theory Matters for Traders Many traders rely solely on price action or indicators, but Elliott Wave Theory adds a psychological...