Elliott Waves

Elliott waves are one of the few studies that able to tell where the market is now, where it is likely to go next and, of course, what are the opportunities there for traders.

However, it's not a secret that to many traders Elliott waves theory is one the most difficult studies whether it comes to understanding, using it or following someone's forecast. We'll discover why.

Introduction
Elliott Waves Basics
Elliott Wave Patterns
Elliott Wave Rules
Elliott Waves Indicators
Elliott Waves - Beginner steps
Elliott Waves - Trading plan
Elliott waves and Fibonacci
Elliott waves - Fibonacci click-by-click
Elliott waves and Bollinger bands

Idea behind Elliott Waves


Elliott Waves were introduced by Ralph Nelson Elliott in the 1930s for stock trading.

The theory is based solely on the phenomenon of mass psychology, which more often than not predetermines the outcome of the market behavior.

mass behaviour => market behaviour

Elliotticians, among which are many top tier technical analysts from banks and leading investment institutions, like to use the knowledge of Elliott wave principles to understand mass investor behaviour and thus make forecasts about the market behaviour.

Polar opinions on Elliott Wave theory