The Elliot Wave Theory is based on the idea that, in general, groups of people tend to think alike. When investors are confident, prices tend to rise, and when investors are fearful, prices drop. Mass trade psychology swings from confidence to fear and back again in a natural rhythm. These rhythms create measurable patterns. Elliot [...]
Fibonacci and Elliot Wave
July 14, 2011 By 1 Comment
Fibonacci Relationships R.N. Elliot’s principle, also known as the Elliott Wave Theory is closely related to the Fibonacci Sequence. It has been concluded that the Fibonacci integer series is the basis of the Wave Theory. The numbers from the Fibonacci sequence occur repeatedly in the Elliot wave structures. They can be seen in Motive waves- [...]
