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Elliots Wave Theory P. Sai Prathyusha

INTRODUCTION # WHAT DOES IT MEAN # Zigzags # flats # traingles # stock correction

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Elliots Wave Theory P. Sai Prathyusha

  1. 1. ELLIOTS WAVE THEORY P. SAI PRATHYUSHA 1ST M.COM BUSINESS FINANCE
  2. 2. R.N.Elliot’s observations were that as the market progresses, prices tend to ebb and flow in wave like moves. Impulsive, flowing moves would consist of 5 waves followed by an ebbing back, in a more corrective period where prices seem to struggle to get any wehre and consisting of 3 waves. Each wave then develops within part of a large cycle. The complete cycle is composed by those 2 parts and each cycle is part of an ever expanding matrix of interlinking cycles of various degrees of trend.

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