This is because it offers us good Elliott Wave entry points. Our team at Trading Strategy Guides adopted the Elliott Wave strategy. ![]() This is why we call it an Elliott Wave Strategy today. Elliott believed his specific waves could offer more detail and predictability than almost any other strategy. He noticed that the market was trading in a series of three and five waves. He described some of the patterns he observed as different types of waves. After careful study of the markets, he began to notice some repeatable patterns.Įlliott believed the market was much less “chaotic” than many traders assumed. ![]() ![]() In 1930, Ralph Nelson Elliott set out to learn about the stock market after experiencing losses in the 1929 stock market crash.Įlliott’s discoveries were impressive. You will learn why the Elliott wave strategy is so popular today. Before we begin our discussion on how to trade Elliott Wave, let’s learn how the Elliott Wave theory was discovered.
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