Refining the Elliott Wave Principle with wave analysis

摘要

Since the 1940s when Ralph Nelson Elliott discovered patterns within the price charts of liquid markets that resulted from mass human emotion flowing from hope to fear and back again, the Elliott Wave Principle has been the subject of constant controversy. It has been said that if you were to place 10 Elliott wave technicians in a room to discuss the forecast on a single market, you would get at least 12 opinions ― and possibly a considerable amount of blood-letting. If the best Elliott experts can't agree, what chance does a trader have of being able to use Elliott wave as a reliable forecasting tool?