Understanding Elliott Wave Theory

Elliott Wave Theory is utilized as a primary methodology for technical analysis by examining specific chart patterns to forecast future price movements. The emphasis is on identifying repeating patterns that correlate with investor sentiment, which can lead to contrarian trading opportunities. This approach not only focuses on individual US stocks, but also includes broader market sector analysis through various weekly webinars. By intertwining Elliott Wave analysis with traditional technical analysis tools, such as moving averages and MACD divergence, traders can gain a comprehensive view of potential market movements.