Elliot Wave Theory - What is it?
📌 Elliot Wave Theory (EWT), or Elliot Waves, is a graphical method of technical price analysis. Elliot Theory is used in many technical analysis strategies, but it is NOT an indicator and is NOT a specific trading technique. It is a tool for analyzing the general mood in the market.
💡 Elliot's theory appeared in the 1930s when American financier Ralph Elliot closely followed the stock market and began to find patterns in its movement 〰 Elliot discovered that prices change in recognizable ways, and these patterns repeat in form but may differ in time or amplitude. Like waves in the ocean.
In total, the financier counted 13 models, or “waves,” which again and again “cover” the market by the trend.
The Elliot Wave Principle is a structured progression: patterns are linked together, forming their own larger counterparts, which form the same larger patterns, and so on.
📌 Elliot Wave Theory (EWT), or Elliot Waves, is a graphical method of technical price analysis. Elliot Theory is used in many technical analysis strategies, but it is NOT an indicator and is NOT a specific trading technique. It is a tool for analyzing the general mood in the market.
💡 Elliot's theory appeared in the 1930s when American financier Ralph Elliot closely followed the stock market and began to find patterns in its movement 〰 Elliot discovered that prices change in recognizable ways, and these patterns repeat in form but may differ in time or amplitude. Like waves in the ocean.
In total, the financier counted 13 models, or “waves,” which again and again “cover” the market by the trend.
The Elliot Wave Principle is a structured progression: patterns are linked together, forming their own larger counterparts, which form the same larger patterns, and so on.
BitMonsters event in Dubai🌆
Mr. Louis Casper has already arrived to his office in Burj Al Arab and started first meetings with leaders from different parts of the world regarding to the company launch soon.
Mr. Louis Casper has already arrived to his office in Burj Al Arab and started first meetings with leaders from different parts of the world regarding to the company launch soon.
New day - new meetings🤝🏼
Discussed all the possibilities that come with Bitmonsters.
Discussed all the possibilities that come with Bitmonsters.