{"id":3552,"date":"2019-07-08T07:15:58","date_gmt":"2019-07-08T07:15:58","guid":{"rendered":"https:\/\/biglivetrade.com\/blog\/?p=3552"},"modified":"2019-07-08T07:15:58","modified_gmt":"2019-07-08T07:15:58","slug":"elliott-wave-principle","status":"publish","type":"post","link":"https:\/\/biglivetrade.com\/blog\/elliott-wave-principle\/","title":{"rendered":"Elliott Wave Principle"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>What is the Wave Principle?<\/strong><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One of the easiest places to see this phenomenon at work is in the financial markets, where changing investor psychology is recorded in the form of price movements. If you can identify repeating patterns in prices, and figure out where in those repeating patterns we are today, then you can predict where we are going in the future.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The Elliott Wave Principle is named for its discoverer, Ralph Nelson Elliott. <g class=\"gr_ gr_4 gr-alert gr_gramm gr_inline_cards gr_disable_anim_appear Punctuation multiReplace\" id=\"4\" data-gr-id=\"4\">Mr.<\/g> Elliott completed the bulk of his work on the Principle in the 1930s and 1940s.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"mntl-sc-block_1-0-2\">Waves&nbsp;<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Elliott proposed that&nbsp;trends in financial prices resulted from investors&#8217;&nbsp;predominant&nbsp;psychology. He found that swings in mass psychology always showed up in the same recurring fractal patterns, or &#8220;waves,&#8221; in financial markets.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Elliott&#8217;s theory somewhat resembles the&nbsp;Dow theory&nbsp;in that both recognize that stock prices move in&nbsp;waves. Because Elliott additionally recognized the &#8220;fractal&#8221; nature of markets, however, he was able to break down and analyze them in much greater detail. Fractals are mathematical structures, which on an ever-smaller scale infinitely repeat themselves. Elliott discovered stock index price&nbsp;patterns&nbsp;were structured in the same way. He then&nbsp;began to look at how these repeating patterns could be used as predictive indicators of future market moves.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the Wave Principle? The Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. One of the easiest places to see this phenomenon at work is in the financial markets, &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/biglivetrade.com\/blog\/elliott-wave-principle\/\"> <span class=\"screen-reader-text\">Elliott Wave Principle<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-3552","post","type-post","status-publish","format-standard","hentry","category-indicators"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Elliott Wave Principle - Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/biglivetrade.com\/blog\/elliott-wave-principle\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elliott Wave Principle - Blog\" \/>\n<meta property=\"og:description\" content=\"What is the Wave Principle? The Wave Principle is a detailed description of how groups of people behave. It reveals that mass psychology swings from pessimism to optimism and back in a natural sequence, creating specific and measurable patterns. 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