Entity: ELLIOTT-WAVES
Elliott-Waves is a technical analysis approach that interprets price movements in financial markets through predictable and repetitive wave patterns. Developed by Ralph Nelson Elliott in the 1930s, it suggests that markets move in a series of waves, providing insights into market cycles and trends.
ELLIOTT-WAVES
Etymology
The term 'Elliott-Waves' is derived from the name of Ralph Nelson Elliott, the developer of the Elliott Wave Theory in the 1930s.
Definition
Elliott-Waves is a technical analysis approach that interprets price movements in financial markets through predictable and repetitive wave patterns. It suggests that markets, such as stocks or currencies, move in a series of waves, providing insights into market cycles and trends.
Historical Context
Ralph Nelson Elliott developed the Elliott Wave Theory in the 1930s, which became notable for its ability to analyze market cycles and forecast trends by identifying patterns in prices and extremes in investor psychology.
Cultural Significance
Elliott-Waves has become a cornerstone of technical analysis in financial markets, offering traders a method to understand and predict market movements based on wave patterns and market trends.
Related Concepts
In Elliott Wave Theory, a motive wave is defined as a 5-wave move in the same direction as the trend of one larger degree, providing a structure for analyzing market movements.
See Also
A technical analysis approach that interprets price movements in financial markets through predictable and repetitive wave patterns, suggesting that markets move in a series of waves.