Measure the length of Wave 1 and project a profit target at 1.618 times that distance from the bottom of Wave 2. Strategy B: Buying the Wave 4 Pullback
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: The final push higher driven by retail FOMO (Fear of Missing Out). Valuations stretch thin, and momentum begins to diverge negatively. The 3-Wave Corrective Phase Measure the length of Wave 1 and project
Developed by Ralph Nelson Elliott in the 1930s, the theory posits that market prices move in specific, repetitive patterns, which he termed "waves." Elliott suggested that these movements are not random but are driven by investor psychology, which shifts between optimism and pessimism. The theory is based on a 5-3 structure. applying elliott wave theory profitably pdf free 101 repack