What Is Elliott Wave Theory? Know in Depth

Elliott Wave Theory, named after Ralph Nelson Elliott, is a way to predict stock market movements based on patterns. Imagine it like finding patterns in nature. Elliott figured that stock markets move in waves that repeat. Elliott looked closely at market patterns and could predict market moves by spotting wave patterns. He was inspired by the Dow Theory, which also talks about waves, but Elliott went deeper. He saw that these waves were like fractals in nature. He shared his ideas in a book called "The Wave Principle" in 1938. Get to know about the elliott wave theory in depth.