This theory has been proven time and time again throughout history. Principle,” which is what gives the Elliott Wave theory its ultimate power. Within the psyche all living creatures, and that is what we have come to know today as the “herding This mass form of progress and regression seems to be hard wired deep This is the basis of the Elliott Wave theory. It progresses in 3 steps forward, with two steps back within the primary trend. Progress and regression does not take the form of a straight line, nor does it occur randomly in nature. Based upon these concepts, it is clear that man's This concept is inherent in the aggregate actions of individuals. Psychology” and “waves of optimism and pessimism.” Rather, the stock market is “driven by human
Prevent recessions is a "puzzling notion". Greenspan noted that the idea that the Fed can In several hearings in front of the Joint Economic Committee, Mr. In fact, the former Chairman of the Federal Reserve, Alan Greenspan, understood this fact well. In the human psyche, and not the operative effect from some form of “news.” Subconscious sentiment of the public to shift in the opposite direction, which is simply a natural cause of events Once a 5 wave move in public sentiment is completed, then it is time for the For more information on our service and using the Trading Room, please see our Getting Started section.Įlliott Wave theory understands that public sentiment and mass psychology moves in 5 waves within a primary trend,Īnd 3 waves in a counter-trend. The glossary page also features a list of common abbreviations used in our Trading Room.
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In this Education section we share articles and videos by our analysts to help you better understand Elliott Wave analysis, plus their suggested outside readings and a glossary of wave terminology important to know on the site.