Making Waves: An Illustrated Guide To The Elliott Wave Principle
Making Waves: An Illustrated Guide To The Elliott Wave Principle by Karl Baldwin
2016 | ASIN: B01EG7SB0S | English | 30 pages | EPUB/AZW3 | 2 MB/3 MB
2016 | ASIN: B01EG7SB0S | English | 30 pages | EPUB/AZW3 | 2 MB/3 MB
American Ralph Nelson Elliott (1871-1948) developed the Wave Principle which states that repetitive advance-decline waves, forming within longitudinal data (in Elliott's case specifically of financial markets), are generated by man’s social nature/mass psychology, which is keyed to a naturally occurring mathematical progression expressed by the Fibonacci sequence, and more specifically, the golden ratio.
A complete advance and decline cycle contains eight phases and has some fractal like characteristics in that it operates at all chart resolutions (time-frames) simultaneously.
This booklet is a highly condensed, illustrated, summary of the Elliott Wave Principle. Consider it a primer for anyone interested in taking the first steps toward a greater understanding of Elliott's fascinating ideas