The Wave Principle

The Elliott Wave Principle is a form of technical analysis that some traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson Elliott, a professional accountant, discovered the underlying social principles and developed the analytical tools. He proposed that market prices unfold in specific patterns, which practitioners today call Elliott waves, or simply waves. Elliott published his theory of market behavior in this book “The Wave Principle”. Elliott stated that “because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable.”

Author: Ralph Nelson Elliott
Binding Type: Paperback
Publisher: www.bnpublishing.com
Published: 08/02/2012
Pages: 74
Weight: 0.24lbs
Size: 9.00h x 6.00w x 0.15d
ISBN: 9781607964964
Language: English