A brief, deceptive rally that traps late buyers who believe the bull trend is resuming.
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The Elliott Wave Principle is actively sold by Elliott Wave International and major book retailers. When you purchase the book, you support the ongoing work of the authors and the institution that continues to develop and refine the Wave Principle. A brief, deceptive rally that traps late buyers
Elliott wave structures naturally exhibit Fibonacci relationships—one of the key reasons the theory has gained such widespread acceptance. The ratios between wave lengths, retracements, and extensions often conform to the golden ratio (approximately 1.618) and its derivatives. In fact, Chapter Three of Elliott Wave Principle has been described as "the best description of Fibonacci numbers we've seen in print and that alone is worth the price of the book". The Elliott Wave Principle is actively sold by
: Wave 3 can never be the shortest of the three motive waves (1, 3, and 5).
Mastering Market Cycles: Elliott Wave Principle by Robert Prechter & A.J. Frost