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The Elliott Wave principle, invented in 1930 by Ralph Nelson Elliott, is a technical analysis approach used by traders and investors to predict market trends and reversals. The theory can be summarized in one sentence:
"A market trend and reverse in recognizable patterns."
By using Elliott Wave analysis, traders can identify the impulse and corrective waves that make up market trends, allowing them to anticipate trend reversals and make profitable trades.
Despite its complexity, the Elliott Wave principle has been used successfully by many traders and investors to make informed decisions and achieve their financial goals.
Free Introduction Elliott Wave Theory
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