Elliott Wave Theory is a popular technical analysis approach used to analyze financial markets. It was first introduced in the 1930s by Ralph Nelson Elliott, who discovered that the stock market moves in predictable patterns. His work was later extended by Robert Plector, who wrote a book on the Elliott Wave principle.
The Elliott Wave theory is based on the idea that markets move in a series of repeating patterns or waves. These waves are either impulsive or corrective and can be broken down into smaller waves. This theory is based on the idea that the market is influenced by the psychology of the investors and traders who participate in the market. This e-book covers the basics of Elliott Wave theory, the basic principles, different types of waves, how to identify and trade them, and more.