Elliot Wave Principle
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Elliot Wave Principle
Elliot Wave Principle

Elliot Wave Principle

The Basic Trading of Elliot Wave Principle for predicting price movements.

Developer: joedevapp
App Size: 21M
Release Date: Sep 8, 2018
Price: Free
3.9
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21M

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The Elliott Wave Theory was developed by Ralph Nelson Elliott to predict price movements by observing and identifying repetitive wave patterns.

The Elliott wave principle is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors.

The Elliott Wave Theory consists of impulse and corrective waves at its core:

* Impulse Waves - Impulse waves consist of five sub-waves moving in the same direction as the trend of the next largest size.
* Corrective Waves - Corrective waves consist of three sub-waves moving in the opposite direction as the trend of the next largest size.

These impulse and corrective waves are nested to create larger patterns. For example, a one-year chart may be in the midst of a corrective wave, but a 30-minute chart may show an impulse wave. A trader might interpret this as a long-term bearish outlook with a short-term bullish outlook.
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More Information about: Elliot Wave Principle
Price: Free
Version: 3.1
Downloads: 10000
Compatibility: Android 4.1 and up
Bundle Id: com.joedevapp.elliotwaveprinciple
Size: 21M
Last Update: Sep 8, 2018
Content Rating: Everyone
Release Date: Sep 8, 2018
Content Rating: Everyone
Developer: joedevapp


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