Moneycontrol
Get App
YOU ARE HERE > Moneycontrol > Technicals > Glossary

Technicals

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Elliot wave

Theory of cyclical movements of prices. Follows certain indicators that predict and confirm price movements. The Elliot Wave Theory was originally published by Ralph Nelson Elliot in 1939. It is a pattern recognition theory. It holds that the stock market follows a pattern of five waves up and three waves down to form a complete cycle. Many technicians believe that this pattern can hold true for as short a time period as one day. However, it is generally used to measure long periods of time in the market.

Other Sections
Sections
Follow us on
Available On
PCI DSS Compliant