Elliot waves are meeting standard definition of fractals. They are self similar and can be found on any price timeframe. Price movement in forex is based on investors' psychology on every timeframe. This creates typical wave structure of impulsive and corrective swings...

After initial Elliot waves formation reaches its breaking point (wave 5). We can expect so called ABC correction formation of Elliot waves. This pattern can be repeated at the end of the trend up to thee times.  As with every move on the market each swing of ABC format...

Accountant and mathematical genius R.N. Elliot. Being already 66 year old in the 1920s, he collected enough evidence to bring his Elliot waves theory to the world. His finding were published in book Wave Principle.

Elliot believed that characteristic price structure in...

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