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Elliot Wave

Posted By On 9/07/2008 12:31:00 PM Under

1. Elliot wave derives its working from nature and one can say that it is governed by man’s social nature, and since he has such a nature, the process generates forms which in turns become predictive by virtue of its repetivity.

2. Wave patterns can be classified into 5 waves where 1,3 and 5 waves depict the directional movement. Wave 2 and 4 are counter trend waves.

3. This depicted 5 wave pattern is generally followed by 3 corrective waves labelled as A-B-C.

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