Elliott Wave Theory

Elliott Wave Theory,

Elliott Wave Theory: What is the Meaning of Elliott Wave Theory?

  • Elliott Wave Theory can be defined as, The Elliott Wave Theory was developed by Relief Nelson Elliott to observe and identify repetitive fractal wave patterns to describe price movements in financial markets. Waves can be detected in stock price movements and consumer behavior. Investors trying to take advantage of market trends can be described as a wave ride. A major step for homeowners to change their existing mortgages to new ones on better terms is known as the refinancing wave.

    • Elite View Theory is a method of technical analysis that seeks long-term recurring price patterns associated with constant changes in investor sentiment and psychology.
    • This theory identifies waves that are in the form of continuity waves that form pattern and correction waves that are against the broader trend.
    • Each set of waves is embedded in a large set of waves that follow the same pulse / correction pattern, which is described as close to a reversal interval.

  • This theory, developed by Ralph Nelson Elliott in the 1930s, suggests that large-scale psychology is caught between hope and despair, which in turn naturally affects market prices.

Literal Meanings of Elliott Wave Theory


Meanings of Wave:
  1. Move your hand backwards for a wave or signal.

  2. Move back and forth (hand or arm or something in hand).

  3. Hold out your hand or something like that (a congratulatory message or another message).

  4. Ask (someone) to move your hand in a certain direction.

  5. Walk forward or in a wavy motion, stay in one place.

  6. Comb (hair) so that it is slightly wavy.

  7. (Hair) grows with a light curl.

  8. A long body of water swirled in an arc and reached the shore.

  9. The water opened between the two water holes.

  10. A shape that is thought to compare to a wave of disintegration

  11. The effect of the immovable movement is to create a sequence of spectators standing, lifting, sitting down and sitting down in the stadium.

  12. the sea.

  13. Sudden appearance or addition of certain phenomena, feelings or emotions

  14. Any gesture or gesture by moving the hand back and forth.

Sentences of Wave
  1. I saw her mother's face looking out of the window and waving her hand, but she disappeared behind the curtain.

  2. I greeted my friends through the window and frightened my conversation with my parents as I left the house.

  3. His eyes saw Henry standing behind the window and he too greeted her happily.

  4. I saw Jeremy sitting at a table by the dining room window and greeted him.

  5. Sometimes I see an old woman out the window: she waves at us.

  6. He didn't come out, wave his hand, or open the window to scream at me.

  7. Do not encourage your children to say hello from the window as they may try to go upstairs as they leave the room.

  8. A beautiful red-haired girl waved arrogantly to get Alison's attention from the school parking lot.

  9. He pretended not to understand the gesture and happily returned the congratulations.

Synonyms of Wave

swell, gesticulate, white cap, motion, ripplet, flood, kink, bid, ripple, shake, pucker, deluge, crimp, spate, frisson, roller, oscillation, rush, corkscrew, stab


Meanings of Theory:
  1. A system of powers or ideas for the purpose of explaining something, especially based on general principles, regardless of how it is explained.

  2. The set of principles that form the basis for the practice of the activity.

  3. An idea is used to explain a situation or to justify an action plan.

  4. A set of suggestions that explain the principles of the article.

  5. It is used to describe what should have been or could have been, usually with the implication that it did not actually happen.

Sentences of Theory
  1. Instead, they are now required to explain the scientific theory of evolution.

  2. Mystical theory explains the existence of religion, biological theory, and social and historical theory of caste.

  3. In general, this theory tries to explain when and how people adopt new behaviors.

  4. Pope John Paul II stated that the theory of evolution does not contradict the theory of creation.

  5. Objections to the general theory of evolution are raised in Darwin's conclusion and dictionary.

  6. In geology, the theory of evolution can explain two coincidental facts that cause a difficult time for the biblical theory of creation.

  7. A general theory to explain the spread of spawn has not yet been formalized, but two important hypotheses have emerged.

  8. Finally, Einstein's theory of general relativity explains the tendency for the Sun's gravitational force to distort the structure of space.

  9. But the theory of electricity must explain the structure of theoretical things, not at the scientific level.

  10. He is considered to be the founder of the general functional theory of the social system.

  11. Assumptions and theories are usually based on objective results, as opposed to opinions, which are usually based on subjective effects.

  12. All monotheistic theorists want their theory to explain everything and be strong and relatively simple.

Synonyms of Theory

creed, conception, ethic, notion, principle, presupposition, guess, hunch, conviction, persuasion, postulation, dogma, viewpoint, concept, estimate, credo, thesis, point of view, feeling, theory, assumption, concepts, way of thinking, estimation, postulate, hypothesis, ideology, sentiment, ideas, impression