Stock
Market Elliott Wave Model
The
Wave Principle may be applied in all time frames. Waves come
in degrees, the smaller being the building blocks for the
larger. Waves link together to form larger versions of
themselves, and they also link together to form the same
patterns at the next larger size, and so on. The figure
above shows how waves may be subdivided to establish
different degrees of trend.
Some
of the largest wave patterns span hundreds of years, while
some of the smallest span a few hours. Therefore, the
Elliott Wave Principle is useful for forecasting market
movements in all time frames.
©
Robert R. Prechter
This information can be found
at Elliott
Wave International
|
