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Elliott Wave Theory

"I have found the EOD of MTPredictor to be excellent, as the developer gives a daily comment including the entry/stop/exit points precisely. The developer, Steve Griffiths, is one of the most responsible persons in the business. The final question is whether one can make money out of this and my answer is a definite YES"

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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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