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Elliott Wave Theory

Dear Steve. I would like to really thank you for investing your life in developing this wonderful software. I have been an elliott wave practioner for a decade and MTPREDICTOR in the past one month has really enhanced my ability to trade sucessfully. I have spent 14 hours a day trading across Equity, Commodity & Currency (Indian) markets using MTPREDICTOR and i must confess here that my trading style has seen a transformation. The advanced analysis section is a boon that helps me spot abc correction, count emerging trends and initiate trades with confidence. The real time scanner is another brilliant tool to spot opportunities. I have used other leading softwares for trading but the depth of realtime analysis that can be performed & trading opportunities that MT PRIDICTOR spots leaves competing softwares far behind. I am very satisfied with MTPREDICTOR, THANK YOU.

Rup, Private Trader

Elliott Wave Theory

Elliott Wave Theory interprets market actions in terms of recurrent price structures that follow the Fibonacci sequence. Basically, Market cycles are composed of two major types of Wave : Impulse Elliott Wave and Corrective Elliott Wave. Impulse wave can be sub-divided into a 5-wave structure (1, 2, 3, 4, 5), while a corrective Elliott Wave can be sub-divided into a 3-wave structures (a, b, c).


For more a more detailed look at each Elliott Wave, click on the links below:


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