Elliott Wave Principle: The Key to Understanding the Market
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What is the book "Elliott Wave Principle. The key to understanding the market"
The book by R. Prechter and A. Frost is a Wall Street classic, translated from the 20th edition. Thanks in large part to Prechter and Frost's book, most of today's professional investors, traders and analysts are familiar with Elliott's theory and use it in practice. While studying financial markets, Ralph Nelson Elliott discovered that prices change in recognizable patterns. He named, defined, and illustrated these patterns. Why Elliott's Wave Principle is worth reading The wave principle is not only one of the best forecasting methods, it is first and foremost a detailed description of the behavior of markets. Such a description provides a wealth of information about a market's position within the behavioral continuum and thus tells us about its likely future path.
The book by R. Prechter and A. Frost is a Wall Street classic, translated from the 20th edition. Thanks in large part to Prechter and Frost's book, most of today's professional investors, traders and analysts are familiar with Elliott's theory and use it in practice. While studying financial markets, Ralph Nelson Elliott discovered that prices change in recognizable patterns. He named, defined, and illustrated these patterns. Why Elliott's Wave Principle is worth reading The wave principle is not only one of the best forecasting methods, it is first and foremost a detailed description of the behavior of markets. Such a description provides a wealth of information about a market's position within the behavioral continuum and thus tells us about its likely future path.
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