Elliott Wave analysis is based on the idea that markets move in repetitive cycles, which are divided into waves. These waves are further subdivided into smaller waves, creating a hierarchical structure. By identifying the patterns and relationships between these waves, analysts can predict future price movements.
Elliott Wave analysis is based on the idea that markets move in repetitive cycles, which are divided into waves. These waves are further subdivided into smaller waves, creating a hierarchical structure. By identifying the patterns and relationships between these waves, analysts can predict future price movements.