377:
the same degree must be distinctive and unique in price, time, severity, and construction. All formations can guide influences on market action. The time period covered by each formation, however, is the major deciding factor in the full manifestation of the Rule of
Alternation. A sharp counter-trend correction in wave 2 covers a short distance in horizontal units. This should produce a sideways counter-trend correction in wave 4, covering a longer distance in horizontal units, and vice versa. Alternation provides analysts a notice of what not to expect when analyzing wave formations.
453:
analysis. Over time, Neely's teaching method evolved to include his own wave theory called
Neowave (which is an extension of Elliott wave). The additional Neowave theory and rules help correct the contradictions created in Elliott wave theory which consists of different rules defining simple impulse patterns of the stock market waves. Under Neowave theory, the major new wave patterns discovered are: neutral triangle, diametric formation, symmetrical formation, extracting triangle, 3rd-extension terminal with 5th failure, and reverse alternation.
84:
526:
Elliott wave was an incredible discovery for its time. But, as technologies, governments, economies, and social systems have changed, the behavior of people has also. These changes have affected the wave patterns R. N. Elliott discovered. Consequently, strict application of orthodox
Elliott
393:
surface repeatedly in
Elliott wave structures, including motive waves (1, 3, 5), a single full cycle (8 waves), and the completed motive (89 waves) and corrective (55 waves) patterns. Elliott developed his market model before he realized that it reflects the Fibonacci sequence. "When I
376:
A common guideline called "alternation" observes that in a five-wave pattern, waves 2 and 4 often take alternate forms; a simple sharp move in wave 2, for example, suggests a complex mild move in wave 4. Alternation can occur in impulsive and corrective waves. Elliott observed that alternate waves of
291:
Wave three is usually the largest and most powerful wave in a trend (although some research suggests that in commodity markets, wave five is the largest). The news is now positive and fundamental analysts start to raise earnings estimates. Prices rise quickly, corrections are short-lived and shallow.
695:
Steven W. Poser
Applying Elliot Wave Theory Profitably - Page 8 0471420077 - 2003 - Preview - More editions: A subwave is a wave of lesser degree in time and price. All waves, except the tiniest actions (such as would be found on a one-minute bar chart or a tick chart), break down into even smaller
380:
Corrective wave patterns unfold in forms known as zigzags, flats, or triangles. In turn these corrective patterns can come together to form more complex corrections. Similarly, a triangular corrective pattern is formed usually in wave 4, but very rarely in wave 2, and is the indication of the end of
275:
Wave two corrects wave one, but can never extend beyond the starting point of wave one. Typically, the news is still bad. As prices retest the prior low, bearish sentiment quickly builds, and "the crowd" haughtily reminds all that the bear market is still deeply ensconced. Still, some positive signs
166:
Each degree of a pattern in a financial market has a name. Practitioners use symbols for each wave to indicate both function and degree. Numbers are used for motive waves, and letters for corrective waves (shown in the highest of the three idealized series of wave structures or degrees). Degrees are
452:
in 1990, used
Elliott wave theory to present the first scientific and objective approach to market forecasting. Around 1980, Neely devoted his career to Elliott wave research and a couple years later, applied what he learned by teaching the application of Elliott wave principle in real-time market
349:
patterns appearing at every degree of trend). Elliott wave practitioners argue that just as naturally occurring fractals often expand and grow more complex over time, the model shows that collective human psychology develops in natural patterns, via buying and selling decisions reflected in market
162:
The overall movement of a wave one degree higher is upward in a bullish trend. After the initial five waves forward and three waves of correction, the sequence is repeated on a larger degree and the self-similar fractal geometry continues to unfold. The completed motive pattern comprises 89 waves,
509:
The
Elliott wave principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most
239:
Wave one is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably
440:
Bolton introduced the wave principle to A. J. Frost (1908ā1999), who provided weekly financial commentary on the
Financial News Network in the 1980s. Over the course of his lifetime Frost's contributions to the field were of great significance and today the Canadian Society of Technical Analysts
310:
Wave four is typically clearly corrective. Prices may meander sideways for an extended period, and wave four typically retraces less than 38.2% of wave three (see
Fibonacci relationships below). Volume is well below that of wave three. This is a good place to buy a pullback if you understand the
292:
Anyone looking to "get in on a pullback" will likely miss the boat. As wave three starts, the news is probably still bearish, and most market players remain negative; but by wave three's midpoint, "the crowd" will often join the new bullish trend. Wave three often extends wave one by a ratio of
254:
Corrections are typically harder to identify than impulse moves. In wave A of a bear market, the fundamental news is usually still positive. Most analysts see the drop as a correction in a still-active bull market. Some technical indicators that accompany wave A include increased volume, rising
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waves. This is commonly referred to as the fractal 5 nature of stock price movement. Some scientists have found evidence of fractals in market prices as well, relating the patrems to chaos theory. One of the most common errors I have seen made in applying EWT is to assume that five-wave cycles
412:
and researcher
Richard Ramyar, a former director of the United Kingdom Society of Technical Analysts and formerly Global Head of Research at Lipper and Thomson Reuters Wealth Management, studied whether Fibonacci ratios appear non-randomly in the stock market, as Elliott's model predicts. The
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Wave five is the final leg in the direction of the dominant trend. The news is almost universally positive and everyone is bullish. Unfortunately, this is when many average investors finally buy in, right before the top. Volume is often lower in wave five than in wave three, and many momentum
43:(1871ā1948), an American accountant, developed a model for the underlying social principles of financial markets by studying their price movements, and developed a set of analytical tools in the 1930s. He proposed that market prices unfold in specific patterns, which practitioners today call
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Prices reverse higher, which many see as a resumption of the now long-gone bull market. Those familiar with classical technical analysis may see the peak as the right shoulder of a head and shoulders reversal pattern. The volume during wave B should be lower than in wave A. By this point,
221:
or characteristic, which typically reflects the psychology of the moment. Understanding those personalities is key to the application of the wave principle; they are defined below. (Definitions assume a bull market in equities; the characteristics apply in reverse in bear markets.)
413:
researchers said the "idea that prices retrace to a Fibonacci ratio or round fraction of the previous trend clearly lacks any scientific rationale". They also said "there is no significant difference between the frequencies with which price and time ratios occur in cycles in the
425:
Following Elliott's death in 1948, other market technicians and financial professionals continued to use the wave principle and provide forecasts to investors. Charles Collins, who had published Elliott's "Wave Principle" and helped introduce Elliott's theory to
302:: Prices move impulsively lower in five waves. Volume picks up, and by the third leg of wave C, almost everyone realizes that a bear market is firmly entrenched. Wave C is typically at least as large as wave A and often extends to 1.618 times wave A or beyond.
322:
indicators start to show divergences (prices reach a new high but the indicators do not reach a new peak). At the end of a major bull market, bears may very well be ridiculed (recall how forecasts for a top in the stock market during 2000 were received).
510:
minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-
488:
But Wave prediction is a very uncertain business. It is an art to which the subjective judgment of the chartists matters more than the objective, replicable verdict of the numbers. The record of this, as of most technical analysis, is at best
333:
Elliott's market model relies heavily on looking at price charts. Practitioners study developing trends to distinguish the waves and wave structures, and discern what prices may do next; thus the application of the Wave Principle is a form of
504:
Critics warn that the wave principle is too vague to be useful, since practitioners cannot consistently identify the beginning or end of waves, resulting in forecasts prone to subjective revisions. Technical analyst David Aronson wrote:
95:, phase, and a corrective phase on all time scales of trend, as the illustration shows. Impulses are always subdivided into a set of five lower-degree waves, alternating again between motive and corrective character, so that waves
63:
in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations having to do with his activities can be projected far into the future with a justification and certainty heretofore unattainable".
496:
had previously stated that ideas in an article by Mandelbrot "originated with Ralph Nelson Elliott, who put them forth more comprehensively and more accurately with respect to real-world markets in his 1938 book
276:
appear for those who are looking: volume should be lower during wave two than during wave one, prices usually do not retrace more than 61.8% of the wave one gains, and prices should fall in a three wave pattern.
468:
in the 1970s. His self-published market newsletter prominently featured his Elliott wave analysis during the bull market of the 1980s and giving his views exposure among followers of technical analysis.
401:(1.618). Practitioners commonly use this ratio and related ratios to establish support and resistance levels for market waves, namely the price points which help define the parameters of a trend. See
389:
R. N. Elliott's analysis of the mathematical properties of waves and patterns eventually led him to conclude that "The Fibonacci Summation Series is the basis of The Wave Principle". Numbers from the
139:, applicable on all timescales. Each level of such timescales is called the degree of the wave, or price pattern. Each degree of waves consists of one full cycle of motive and corrective waves. Waves
159:
are corrective. The majority of motive waves assure forward progress in the direction of the prevailing trend, in bull or bear markets, but yielding an overall principle of growth of a market.
350:
prices: "It's as though we are somehow programmed by mathematics. Seashell, galaxy, snowflake or human: we're all bound by the same order." Critics, however, argue it is a form of
76:, moves between optimism and pessimism in repeating sequences of intensity and duration. These mood swings create patterns in the price movements of markets at every degree of
135:
The Elliott wave principle states that markets grow from small price movements by linking Elliot wave patterns to form larger five-wave and three-wave structures that exhibit
127:
the dominant trend is downward, and the pattern is reversedāfive waves down and three up. Motive waves always move with the trend, while corrective waves move against it.
437:
Hamilton Bolton, founder of The Bank Credit Analyst, espoused wave analysis to a wide readership in the 1950s and 1960s in his annual market commentaries and forecasts.
444:
Additional notable discoveries of new rules and new wave patterns were discovered after Ralph Nelson Elliott published his original work. Glenn Neely, who published
518:
Some analysts consider the Elliott wave principle as too dated to be applicable in today's markets, as explained by financial market analyst Glenn Neely, author of
123:
respectively. Corrective waves subdivide into three smaller-degree waves starting with a five-wave counter-trend impulse, a retrace, and another impulse. In a
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728:
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awards the A. J. Frost Memorial Award to someone each year who has also made a significant contribution to the field of technical analysis.
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929:
Mastering Elliott Wave: Presenting the Neely Method: The First Scientific, Objective Approach to Market Forecasting with Elliott Wave Theory
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814:
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discovered The Wave Principle action of market trends, I had never heard of either the Fibonacci Series or the Pythagorean Diagram".
167:
not strictly defined by absolute size or duration, but by form. Waves of the same degree may be of very different size or duration.
705:
Alex Douglas, "Fibonacci: The man & the markets," Standard & Poor's Economic Research Paper, February 20, 2001, pp. 8ā10.
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astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.
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potential ahead for wave 5. Still, fourth waves are often frustrating because of their lack of progress in the larger trend.
724:
Roy Batchelor and Richard Ramyar, "Magic numbers in the Dow," 25th International Symposium on Forecasting, 2005, p. 13, 31.
39:
by identifying extremes in investor psychology and price levels, such as highs and lows, by looking for patterns in prices.
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wave concepts to current day markets skews forecasting accuracy. Markets have evolved, but Elliott has not.
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is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.
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While exact time spans may vary, the customary order of degrees is reflected in the following sequence:
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fundamentals are probably no longer improving, but they most likely have not yet turned negative.
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does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and
991:
Harmonic Elliott Wave: The Case for Modification of R.N. Elliott's Impulsive Wave Structure
430:, stated that Elliott's contributions to technical analysis were as significant as those of
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by R.N. Elliott, edited by Robert R. Prechter Jr. Published by New Classics Library.
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789:"Ace Analyst Robert Prechter Says When Skirts Rise, So Does the Stock Marketāno Bull"
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Cycle: one year to several years, or even several decades under an Elliott extension
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417:, and frequencies which we would expect to occur at random in such a time series".
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Wave 3 cannot be the shortest of the three impulse waves, namely waves 1, 3 and 5.
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The Elliott wave principle posits that collective trader psychology, a form of
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magazine in 1939, and covered it most comprehensively in his final major work
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662:(10th ed.). Gainesville, GA: New Classics Library. pp. 31, 78ā85.
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Elliot wave degrees exhibiting self-similarity (from R. H. Elliot)
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In Elliott's theory, market prices alternate between an impulsive, or
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595:. Gainesville, GA: New Classics Library. pp. 70, 217, 194, 196.
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John Casti (31 August 2002). "I know what you'll do next summer".
342:
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The structures Elliott described meet the common definition of a
615:
R. N. Elliott, "The Basis of the Wave Principle", October 1940.
480:, who developed mathematical models of market pricing based on
83:
972:
Elliott Wave Principle Applied to the Foreign Exchange Markets
464:
found Elliott's work while employed as a market technician at
51:. Elliott published his theory of market behavior in the book
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by Steven W. Poser. Published by John Wiley & Sons, Ltd.
591:
Elliott, Ralph Nelson (1994). Prechter, Robert R. Jr. (ed.).
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Some analysts specify additional smaller and larger degrees.
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1216:
1543:
890:, Hoboken, New Jersey: John Wiley and Sons, p. 61.
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The Fibonacci sequence is also closely connected to the
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followed by a completed corrective pattern of 55 waves.
980:
by Robert C. Beckman. Published by Orient Paperbacks.
484:, expressed caution about the validity of wave models:
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A correct Elliott wave count must observe three rules:
208:
259:
in the options markets and possibly a turn higher in
974:
by Robert Balan. Published by BBS Publications, Ltd.
993:by Ian Copsey, Published by John Wiley & Sons.
328:
151:of each cycle are motive in character, while waves
55:in 1938, summarized it in a series of articles in
838:Mandelbrot, Benoit and Richard L. Hudson (2004).
372:Wave 4 never enters the price territory of wave 1
1664:
634:. New York: John Wiley and Sons. pp. 2ā17.
366:Wave 2 never retraces more than 100% of wave 1.
912:Elliott Wave Principle: Key to Market Behavior
658:Frost, A. J.; Prechter, Robert R. Jr. (2005).
1019:
657:
586:
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217:) hold that each individual wave has its own
935:with Eric Hall. Published by Windsor Books.
357:
180:Supercycle: multi-decade (about 40ā70 years)
1026:
1012:
579:
384:
61:Nature's Laws: The Secret of the Universe
82:
946:Applying Elliott Wave Theory Profitably
653:
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632:Applying Elliott Wave Theory Profitably
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623:
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590:
23:, or Elliott wave theory, is a form of
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231:Three wave pattern (corrective trend)
1363:Moving average convergence/divergence
1007:
842:, New York: Basic Books, p. 245.
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757:
755:
743:
629:
851:Mandelbrot, Benoit (February 1999).
648:
618:
209:Wave personality and characteristics
918:Published by New Classics Library.
766:. Brightwaters, NY: Windsor Books.
456:
228:Five wave pattern (dominant trend)
13:
905:
813:Landon, Thomas (13 October 2007).
752:
186:Primary: a few months to two years
14:
1709:
887:Evidence-Based Technical Analysis
815:"The Man Who Won as Others Lost"
420:
329:Pattern recognition and fractals
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832:
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1468:Accumulation/distribution line
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609:
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115:are smaller retraces of waves
1:
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189:Intermediate: weeks to months
67:
1544:CBOE Market Volatility Index
1185:Triple top and triple bottom
1150:Double top and double bottom
840:The (Mis)Behavior of Markets
787:Aitken, Lee (May 11, 1987).
472:
415:Dow Jones Industrial Average
7:
593:R. N. Elliott's Masterworks
531:
10:
1714:
1352:Know sure thing oscillator
1346:Detrended price oscillator
959:R.N. Elliott's Masterworks
884:Aronson, David R. (2006).
213:Elliott wave analysts (or
1693:1930s in economic history
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1334:Average directional index
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746:"Elliott Waves in Motion"
630:Poser, Steven W. (2003).
358:Wave rules and guidelines
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278:
250:
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31:use to analyze financial
16:Method of market analysis
107:are impulses, and waves
1427:Relative strength index
1340:Commodity channel index
446:Elliott Waves in Motion
385:Fibonacci relationships
1064:Elliott wave principle
978:Elliott Wave Explained
916:Robert R. Prechter Jr.
764:Mastering Elliott Wave
660:Elliott Wave Principle
529:
520:Mastering Elliott Wave
516:
491:
450:Mastering Elliott Wave
88:
21:Elliott wave principle
1485:Negative volume index
1433:Stochastic oscillator
1310:Fibonacci retracement
762:Neely, Glenn (1990).
744:Neely, Glenn (1988).
524:
507:
486:
403:Fibonacci retracement
86:
1637:Ralph Nelson Elliott
1581:McClellan oscillator
1569:Advanceādecline line
1250:Three white soldiers
914:by A.J. Frost &
566:Weierstrass function
555:The Wisdom of Crowds
539:Behavioral economics
201:Subminuette: minutes
41:Ralph Nelson Elliott
1444:Ultimate oscillator
1438:True strength index
1105:Open-high-low-close
854:Scientific American
549:Demarcation problem
336:pattern recognition
1673:Technical analysis
1550:Standard deviation
1522:Average true range
1503:Volumeāprice trend
1358:Ichimoku KinkÅ HyÅ
1165:Head and shoulders
1035:Technical analysis
872:2007-02-08 at the
819:The New York Times
731:2009-09-18 at the
712:2007-02-26 at the
499:The Wave Principle
408:Finance professor
391:Fibonacci sequence
257:implied volatility
242:implied volatility
89:
53:The Wave Principle
25:technical analysis
1683:Economic theories
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1659:
1610:
1609:
1491:On-balance volume
1386:Smart money index
1285:
1284:
1258:
1257:
1245:Three black crows
999:978-0-470-82870-0
986:978-81-7094-532-1
967:978-0-932750-76-1
924:978-0-932750-75-4
896:978-0-470-00874-4
773:978-0-930233-44-0
726:PDF document here
707:PDF document here
669:978-0-932750-75-4
641:978-0-471-42007-1
602:978-0-932750-76-1
478:Benoit Mandelbrot
326:
325:
29:financial traders
1705:
1698:1930s neologisms
1678:Crowd psychology
1534:Donchian channel
1473:Ease of movement
1421:Money flow index
1402:Vortex indicator
1296:
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1264:Point and figure
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1155:Flag and pennant
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457:Adoption and use
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175:Grand supercycle
74:crowd psychology
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1235:Hikkake pattern
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1170:Island reversal
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1054:Dead cat bounce
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906:Further reading
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561:Kondratiev wave
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494:Robert Prechter
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462:Robert Prechter
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265:futures markets
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198:Minuette: hours
177:: multi-century
137:self-similarity
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80:or time scale.
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57:Financial World
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1182:
1177:
1175:Price channels
1172:
1167:
1162:
1157:
1152:
1147:
1145:Cup and handle
1142:
1140:Broadening top
1136:
1134:
1125:
1121:
1120:
1118:
1117:
1112:
1107:
1102:
1097:
1092:
1087:
1081:
1079:
1075:
1074:
1072:
1071:
1066:
1061:
1056:
1051:
1045:
1043:
1039:
1038:
1031:
1030:
1023:
1016:
1008:
1002:
1001:
988:
975:
969:
956:
943:
926:
907:
904:
901:
900:
877:
859:
844:
831:
805:
779:
772:
751:
736:
717:
698:
688:
675:
668:
647:
640:
617:
608:
601:
577:
576:
574:
571:
569:
568:
563:
558:
551:
546:
544:Business cycle
541:
535:
533:
530:
474:
471:
458:
455:
422:
419:
386:
383:
381:a correction.
374:
373:
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367:
359:
356:
330:
327:
324:
323:
315:
314:
312:
304:
303:
297:
285:
284:
277:
269:
268:
249:
246:options market
233:
232:
229:
210:
207:
203:
202:
199:
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193:
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187:
184:
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178:
132:
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69:
66:
15:
9:
6:
4:
3:
2:
1710:
1699:
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1679:
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1630:
1628:
1625:
1623:
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1613:
1603:
1600:
1598:
1597:Coppock curve
1595:
1594:
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1582:
1579:
1576:
1573:
1570:
1567:
1566:
1564:
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1469:
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1425:
1422:
1419:
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1414:
1410:
1403:
1400:
1398:
1395:
1393:
1390:
1387:
1384:
1381:
1380:Parabolic SAR
1378:
1375:
1372:
1370:
1367:
1364:
1361:
1359:
1356:
1353:
1350:
1347:
1344:
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1335:
1332:
1331:
1329:
1327:
1323:
1316:
1313:
1311:
1308:
1307:
1305:
1303:
1300:Support &
1297:
1294:
1292:
1288:
1278:
1275:
1273:
1270:
1269:
1267:
1265:
1261:
1251:
1248:
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1230:
1228:
1224:
1218:
1215:
1214:
1212:
1210:
1206:
1203:
1201:
1197:
1191:
1190:Wedge pattern
1188:
1186:
1183:
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1178:
1176:
1173:
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1168:
1166:
1163:
1161:
1158:
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1129:
1126:
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1116:
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1111:
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1101:
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1088:
1086:
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1076:
1070:
1067:
1065:
1062:
1060:
1057:
1055:
1052:
1050:
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1036:
1029:
1024:
1022:
1017:
1015:
1010:
1009:
1006:
1000:
996:
992:
989:
987:
983:
979:
976:
973:
970:
968:
964:
960:
957:
955:
954:0-471-42007-7
951:
947:
944:
942:
941:0-930233-44-1
938:
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927:
925:
921:
917:
913:
910:
909:
897:
893:
889:
888:
881:
875:
871:
868:
867:Details here.
863:
857:, p. 70.
856:
855:
848:
841:
835:
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816:
809:
794:
790:
783:
775:
769:
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758:
756:
747:
740:
734:
730:
727:
721:
715:
711:
708:
702:
692:
685:
684:New Scientist
679:
671:
665:
661:
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604:
598:
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552:
550:
547:
545:
542:
540:
537:
536:
528:
523:
521:
515:
513:
506:
502:
500:
495:
490:
485:
483:
479:
470:
467:
466:Merrill Lynch
463:
454:
451:
447:
442:
438:
435:
433:
429:
421:After Elliott
418:
416:
411:
410:Roy Batchelor
406:
404:
400:
395:
392:
382:
378:
371:
368:
365:
364:
363:
355:
353:
348:
344:
339:
337:
320:
317:
316:
309:
306:
305:
301:
295:
290:
287:
286:
281:
274:
271:
270:
266:
262:
261:open interest
258:
253:
247:
243:
238:
235:
234:
227:
226:
223:
220:
216:
215:Elliotticians
206:
200:
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188:
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182:
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176:
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164:
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118:
114:
110:
106:
102:
98:
94:
85:
81:
79:
75:
65:
62:
58:
54:
50:
46:
45:Elliott waves
42:
38:
37:market trends
35:and forecast
34:
33:market cycles
30:
26:
22:
1652:Mark Hulbert
1240:Morning star
1069:Market trend
1063:
990:
977:
971:
958:
945:
928:
911:
886:
880:
862:
852:
847:
839:
834:
822:. Retrieved
818:
808:
798:November 20,
796:. Retrieved
792:
782:
763:
739:
720:
701:
691:
683:
678:
659:
631:
611:
592:
553:
525:
519:
517:
508:
503:
498:
492:
487:
476:
460:
449:
448:in 1988 and
445:
443:
439:
436:
424:
407:
399:Golden ratio
396:
388:
379:
375:
361:
347:self-similar
340:
332:
318:
307:
299:
288:
279:
272:
251:
236:
218:
214:
212:
204:
195:Minute: days
192:Minor: weeks
169:
165:
161:
156:
152:
148:
144:
140:
134:
120:
116:
112:
108:
104:
100:
96:
92:
90:
71:
60:
56:
52:
48:
47:, or simply
44:
20:
18:
1647:John Murphy
1642:Bob Farrell
1632:Charles Dow
1602:Ulcer index
1479:Force index
1449:Williams %R
1315:Pivot point
1200:Candlestick
1085:Candlestick
933:Glenn Neely
432:Charles Dow
428:Wall Street
263:in related
131:Wave degree
125:bear market
1667:Categories
1575:Arms index
1514:Volatility
1392:Trend line
1369:Mass index
1302:resistance
1291:Indicators
1115:Line break
1059:Dow theory
573:References
512:Copernican
352:pareidolia
68:Foundation
1627:Ned Davis
1277:Bear trap
1272:Bull trap
473:Criticism
219:signature
1615:Analysts
1413:Momentum
1336:(A.D.X.)
1180:Triangle
1124:Patterns
1049:Breakout
1042:Concepts
870:Archived
729:Archived
710:Archived
686:, p. 29.
532:See also
1561:Breadth
1227:Complex
343:fractal
319:Wave 5:
308:Wave 4:
294:1.618:1
289:Wave 3:
280:Wave B:
273:Wave 2:
252:Wave A:
244:in the
237:Wave 1:
1577:(TRIN)
1460:Volume
1365:(MACD)
1209:Simple
1078:Charts
997:
984:
965:
952:
939:
922:
894:
824:26 May
793:People
770:
666:
638:
599:
489:mixed.
300:Wave C
147:, and
103:, and
93:motive
1688:Waves
1590:Other
1571:(ADL)
1546:(VIX)
1524:(ATR)
1505:(VPT)
1499:(PCR)
1493:(OBV)
1487:(NVI)
1475:(EMV)
1440:(TSI)
1429:(RSI)
1423:(MFI)
1388:(SMI)
1382:(SAR)
1354:(KST)
1348:(DPO)
1342:(CCI)
1326:Trend
1132:Chart
1090:Renko
78:trend
49:waves
27:that
1530:(BB)
1481:(FI)
1451:(%R)
1404:(VI)
1397:Trix
1376:(MA)
1317:(PP)
1217:Doji
1100:Line
1095:Kagi
995:ISBN
982:ISBN
963:ISBN
950:ISBN
937:ISBN
920:ISBN
892:ISBN
826:2010
800:2016
768:ISBN
664:ISBN
636:ISBN
597:ISBN
155:and
119:and
111:and
19:The
1552:(Ļ)
1160:Gap
931:by
522::
501:".
1669::
817:.
791:.
754:^
650:^
620:^
581:^
434:.
405:.
354:.
338:.
296:.
267:.
143:,
99:,
1027:e
1020:t
1013:v
898:.
828:.
802:.
776:.
748:.
672:.
644:.
605:.
345:(
157:4
153:2
149:5
145:3
141:1
121:3
117:1
113:4
109:2
105:5
101:3
97:1
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