What is Elliott Wave Theory?
The Elliott wave indicator (discovered by Ralph Nelson Elliott) study ‘how groups of people behave in market trends’. It is a form of technical analysis that financial trades facilitate to stock market analysis. Although, there are numerous technical indicators around the world. But, scrutinizing through the best technical analysis tool is challenging.
By far, Elliott wave theory is known as one of the most accurate means of identifying Market Reversals. The theory is similar to MACD and moving average trading strategy. Elliott wave analysis trading technique is difficult to comprehend. But once you understand you will be able to earn high profits.