They can form different patterns such as ending diagonals, expanded flats, zigzag corrections and triangles. Elliott Wave is fractal and the underlying pattern remains constant. In their most basic and straightforward form, impulses contain 5 lower degree waves and corrections contain 3 lower degree waves. The essence of Elliott waves is that prices alternate between impulsive phases that establish the trend and corrective phases that retrace the trend. It describes the natural rhythm of crowd psychology in the market, which manifests itself in waves. Extreme Cars Racing Similar Games on this page.
View Elliott Wave theory is one of the most accepted and widely used forms of technical analysis. Elliot Wave Software MTPredictor for MCX.
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