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ELLIOTS WAVE THEORY
P. SAI PRATHYUSHA
1ST M.COM
BUSINESS FINANCE
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.
Elliots Wave Theory  P. Sai Prathyusha
Elliots Wave Theory  P. Sai Prathyusha

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Elliots Wave Theory P. Sai Prathyusha

  • 1. ELLIOTS WAVE THEORY P. SAI PRATHYUSHA 1ST M.COM BUSINESS FINANCE
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  • 18. 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.