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Technical Analysis Theories: Elliott Vs. Dow (Part 1 of 3)
We will focus on the Elliott Wave Principle today and try to answer some questions about the theory. As currency traders and analysts, our goal is to find a trading theory that fits with our personality and make us profitable. In Part 2, we shift our focus to the Dow Theory and try to get a better understanding of its principles. What is the Elliott Wave Principle ? The Elliott Wave Principle is a form of technical analysis that traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Ralph Nelson ... (full story)