Sunday, March 17, 2013

Elliott Wave Principle

Elliott Wave Principle is based on the fact that prices usually move in fives waves in the direction of the larger trend and in three waves contrary to it. In an up trend a five wave advance will be followed by a three wave decline; in a down trend a five wave decline will be followed by a three wave advance. Five-wave patterns are called impulse waves, three-wave patterns are called corrective waves. This book is recommended for all those who want to learn the ever popular principle which is 'The Elliott Wave Principle'. Believe me, you cannot find a better book to introduce you to the Elliott wave principle which does not give you a very big headache at the end. Most of the other book that was written of this topic are so cumbersome and difficult to kepp up with but not this one. This book was written by Robert Balanl who is a professional writer and researcher.
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Elliott Wave Principle  or  Elliott Wave Principle

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