Summary of Elliot Waves

  • According to the Elliott Wave Theory, the market moves in repetitive patterns called waves.
  • A trending market moves in a 5-3 wave pattern. The first 5-wave pattern are called impulse waves. The second 3-wave pattern are called corrective waves.
  • If you look hard enough at a chart, you'll see that the market really does move in waves.

Forex Training Class Lessons in 10th Grade: Elliott Wave Theory

  1. Elliott Wave Theory
  2. ABC Correction
  3. Summary of Elliot Waves

Learn Forex in the School of Pipsology

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Marcus Aurelius
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