The Elliott Wave Principle

Apr 30, 2012 | United Global Capital

The Wave Principle is Ralph Nelson Elliott’s model of financial market index price movements. Elliott described how recurring patterns in price movements link together to form larger versions of those same structures. In a nutshell, Elliott discovered that financial market price patterns form a fractal. He detailed the component structures of the fractal and illustrated how his model could be used to forecast financial markets.

The idea that market movements are patterned remained highly controversial for decades, but recent scientific discoveries have established that pattern formation is a fundamental characteristic of complex systems, including financial markets.

Read a capsul summary of the Wave Principal.

<a href="https://ugc.net.au/author/joel/" target="_self">Joel Hewish</a>

Joel Hewish

Joel is the founder and CEO of UGC. He is a licensed financial advisor with 15 years experience assisting clients grow, manage and protect their wealth.

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