Elliott Wave Theory

Elliott Wave Theory
Technical market timing strategy that predicts price movements on the basis of historical price wave patterns and their underlying psychological motives. Robert Prechter is a famous Elliott Wave theorist. Bloomberg Financial Dictionary

* * *

Elliott wave theory El‧li‧ott wave theo‧ry [ˌeliət ˈweɪv ˌθɪəri ǁ -ˌθiːəri] theory

* * *

   A technical analysis theory, which states that the market follows a repetitive pattern, with each cycle made up of a five-wave rise followed by a three-wave fall. There are many different degrees of trend, but the Elliott wave theory categorizes nine different trends (or magnitude) ranging from a grand supercycle covering 200 years to a subminuette of only a couple of hours. The eight-wave cycle is constant, regardless of what degree of trend is being considered.
   ► See also Technical Analysis.

* * *

Elliott wave theory UK US noun [S] ECONOMICS, STOCK MARKET
the theory that stock market prices move up and down in a regular way, making it possible for investors to know which direction they will move before it happens: »

Prechter is a pioneer of Elliott Wave Theory, a statistical analysis tool that is used to predict, among other things, the direction of markets.


Financial and business terms. 2012.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Elliott Wave Theory — Theory named after Ralph Nelson Elliott, who concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves. Based on rhythms found in nature, the theory suggests that the market… …   Investment dictionary

  • ELLIOTT WAVE THEORY — (Теория Волн Эллиотта) методика технического анализа, изобретенная Ральфом Эллиоттом, который утверждает, что цены на рынке следуют по шаблону из пяти волн вверх и трех волн вниз или, наоборот, в случае понижающегося тренда; …   Глоссарий финансовых и биржевых терминов

  • Elliott wave principle — The Elliott wave principle is a form of technical analysis that attempts to forecast trends in the financial markets and other collective activities. It is named after Ralph Nelson Elliott (1871–1948), an accountant who developed the concept in… …   Wikipedia

  • theory — theo‧ry [ˈθɪəri ǁ ˈθiːəri] noun theories PLURALFORM 1. [countable] an idea or set of ideas that is intended to explain why something happens or how it works: theory of • The book is called An Evolutionary Theory of Economic Change . • The theory… …   Financial and business terms

  • Wave — A pattern of behavior marked by noticeable increases and decreases. Waves can be identified in stock price movements and in consumer behavior. Investors trying to profit from a market trend could be described as riding a wave . A large, strong… …   Investment dictionary

  • Impulse Wave Pattern — A term used in the Elliott wave theory to describe the strong move in a stock s price coinciding with the main direction of the underlying trend. These impulse waves are shown in the illustration below as wave 1, wave 3 and wave 5. Impulse waves… …   Investment dictionary

  • Elliott Sharp — (b. Cleveland, Ohio, March 1, 1951) is an American multi instrumentalist, composer, and performer. A key figure in the avant garde and experimental music scene in New York City for over thirty years, Sharp has released over sixty five recordings… …   Wikipedia

  • Ralph Nelson Elliott — (born July 28, 1871, in Marysville, Kansas, United States; died January 15, 1948) was the creator of the Elliott wave theory, which is based on Fibonacci numbers and is used to describe market trends in the stock market. He married Mary Elizabeth …   Wikipedia

  • List of wave topics — This is a list of wave topics.0 ndash;9*21 cm lineA*Abbe prism *absorption spectrum *acoustics *Airy disc *Airy wave theory *Alfvén wave *Alpha waves *amphidromic point *amplitude *amplitude modulation *analog sound vs. digital sound *animal… …   Wikipedia

  • Dow theory — on stock price movement is a form of technical analysis that includes some aspects of sector rotation. The theory was derived from 255 Wall Street Journal editorials written by Charles H. Dow (1851–1902), journalist, founder and first editor of… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”