Few theories create history and do magic on investors and Elliott Wave Theory is one of them. Years ago it was believed that events outside the market has less or no effect on the market perhaps now it is believed that market is influenced nonetheless the influence is not that consistent. In this theory a trader can use two patterns. Which are followings:
Its a very simple and best one. They are Impulsive and Corrective Waves, with impulsive being 1-2-3-4-5 and corrective being a-b-c. In the Impulsive waves, points that move 1-3-5 are separated by down waves 2-4. Its also known as basic one which is most suitable for everyone.
Its also use for upward and downwards which is most quiet amazing thing.
Its a very simple and best one. They are Impulsive and Corrective Waves, with impulsive being 1-2-3-4-5 and corrective being a-b-c. In the Impulsive waves, points that move 1-3-5 are separated by down waves 2-4. Its also known as basic one which is most suitable for everyone.
Its also use for upward and downwards which is most quiet amazing thing.
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