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Day-Trading |
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| Quotes: NYSE Comp.: 6,972.06 (0.17%) | DJI: 10,358.40 (0.17%) | S&P 500: 1,093.39 (0.14%) | NASDAQ 100: 1,867.11 (0.57%) | |||
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Day-Trading |
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| Quotes: NYSE Comp.: 6,972.06 (0.17%) | DJI: 10,358.40 (0.17%) | S&P 500: 1,093.39 (0.14%) | NASDAQ 100: 1,867.11 (0.57%) | |||
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Technical Analysis - Financial Glossary
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Elliot Wave Theory | ||||||||||||||
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Originally published by Ralph Nelson Elliot in 1939. It is a pattern recognition theory. It holds that the stock market follows a pattern of five waves up and three waves down to form a complete cycle. Many technicians believe that this pattern can hold true for as short a time period as one day. However, it is generally used to measure long periods of time in the market. | ||||||||||||||
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