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FOLLOW ELLIOTT WAVE PRINCIPLE: KEY TO STOCK MARKET PROFITS

Ralph Nelson Elliott established Elliott Wave Principle in 1930s. He had a strong belief that stock market, commonly supposed to act in slightly random and confused manners, in truth, trade in tedious ways. This article will focus on the history hidden in Elliott Wave Principle & how to apply in trading.
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Elliott wave principle: What are the wavesElliott recommended that tendencies in financial values came from investors' leading psychology. He assumed that the swings in enormous psychology continually presented in the equal periodic fractal forms like "waves," in monetary markets.  His principle slightly looks like Dow’s principle in recognizing that stock values will change in waves. Because he acknowledged "fractal" nature of market, though, he could break down & investigate them in very bigger details. Fractals are scientific structures that on a slighter rate markedly repeat by themselves. He discovered that t…

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