Elliott Wave Principle: A Key to Market Behavior

A.J. Frost , Robert R Prechter

Physical

In Circulation

Still the best way to learn the Wave Principle

First published in 1978, Elliott Wave Principle is the definitive text designed to help the Elliott wave novice and veteran practitioner alike. This book will teach you the rules and guidelines of the Wave Principle and help you understand how to apply it to any financial market.

37-plus years is enough time for investors to deem a book about an investment method as "classic," and surely the jury is in on this one: Elliott Wave Principle is now published in seven languages, and continues to sell thousands of copies every year. In Europe, Asia and the Americas, literally millions of investors worldwide use or recognize the Elliott Wave method as the road map for how markets behave.

Here's a sample of what you'll learn:

The basic tenets of Wave Theory: You'll read simple explanations of the terms, and how to identify all 13 waves that can occur in the price movement of financial markets.

The rules and guidelines of Wave analysis: You'll learn the basics of counting waves, how to recognize the "right look" of a wave, plus lots of simple steps for applying the rules.

The scientific background of the Wave Principle: How you can see it in nature and the universe, in art and mathematics, even in the shape of the human body.

Long-term waves: You'll see how the Wave Principle gives history greater meaning, from the fall of the Roman Empire through the Middle Ages into the financial upheavals of the 20th Century. Understanding these monumental trends will help you position yourself for long-term profit and protection.

Stocks, commodities and gold: The Wave Principle is your guide to the movements of any financial market. Few pleasures can match the exhilaration you'll feel when a Wave Principle forecast has you in the market when it moves up, or takes you out just before it moves down.

What will you learn from this book

  1. Wave Theory Basics: Understanding the fundamentals of the Elliott Wave Theory, which proposes that market price movements follow repetitive patterns or waves due to investor psychology.

  2. Five-Wave Structure: Learning about the structure of Elliott Waves, consisting of impulsive waves (1, 3, 5) and corrective waves (2, 4), which together form a complete cycle.

  3. Three Rules of Elliott Wave: Exploring the rules governing wave formation, including guidelines on wave size, wave relationships, and wave shapes within the pattern.

  4. Wave Degree and Hierarchy: Understanding the concept of wave degrees, where larger waves (e.g., Grand Supercycle) contain smaller waves (e.g., Subminuette), forming a hierarchical structure.

  5. Fibonacci Relationships: Exploring the application of Fibonacci ratios (e.g., 0.618, 1.618) in Elliott Wave analysis to determine potential reversal points or price targets.

  6. Wave Interpretation: Learning to interpret Elliott Waves in various financial markets (stocks, commodities, currencies) and timeframes, identifying trends and potential reversals.

  7. Psychology and Market Behavior: Understanding how investor psychology, emotions, and sentiment drive the formation of Elliott Waves and market trends.

  8. Forecasting Tools: Exploring tools and techniques used in conjunction with Elliott Wave analysis, such as trendlines, Fibonacci retracements, and oscillators.

  9. Alternative Wave Counts: Acknowledging the existence of alternative wave counts and the importance of flexibility in wave interpretation due to market complexities.

  10. Practical Applications: Discussing real-world applications of the Elliott Wave Principle, its strengths, limitations, and how it can be integrated into trading or investment strategies.

Language English
ISBN-10 978-1616040819
ISBN-13 9781616040819
No of pages 260
Font Size Medium
Book Publisher New Classics Library
Published Date 01 Jan 2017

About Author

Author : A.J. Frost

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