elliott waves

The Elliott Wave Theory is based on the fact that when you get a large group of people together, they act like a herd and less like an individual. A herd mentally occurs when people are influenced by their peers to adopt certain behavior and follow trends, without centralized direction. This...

A corrective wave is a three-wave structure. Elliott found that corrective waves form more often than impulsive ones. For this reason, there are more types of corrective waves than types of impulsive moves. Corrective waves are everywhere in the Forex market. Considering the fact that the...