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Originally Posted by matfx Elliott Wave Principle : Key To Market Behavior Developed by Ralph Nelson Elliott in the 1930s and '40s, the Elliott Wave Principle is a powerful analytical tool for forecasting stock market behavior. The basic concept behind the Wave Principle is that stock market prices rise and fall in discernible patterns and that those patterns can be linked together into waves. In the years since it was first published, this classic ...
Market Morning Briefing STOCKS In the last 12 hours, every market has been affected by the sudden event risk emerging out of a Malaysian passenger plane getting shot and destroyed over the Ukraine-Russia border. This tragedy has increased the geopolitical risk a lot with new equations of war cropping up with the presence of American passengers on that plane. Today is the important session for all the major markets to see if the follow-up selling appears or not. ...
Talking Point: Price action analysis is a form of technical analysis involved with analyzing price, and price alone.Traders can use price action to determine trends and grade market conditions.Traders can adjust their approach to match the right strategy with the right condition. The Importance of ‘Condition-Identification’ What we’re referring to here is condition being displayed by the market, and there are 3 possibilities of what can be seen; and ...
Argentina and Germany are both feeling the effects of Sunday’s World Cup final game on the trading floor today. As upbeat as Germany’s markets were Monday, Argentine stocks were as downcast as fans of the country’s football team to start the day, with the national benchmark losing as much as 1.3%. The blue feelings to match the classic jersey of the national team (known as the Albiceleste) didn’t last though, as the Merval index reversed the initial declines to gain 0.2%. ...
As the major stock markets turned down in late 2007 and then started to rally in March 2009, many people who believed in fundamental analysis have begun to question its validity. Famed technical analyst and Elliott wave expert Robert Prechter has long called for the bear market we are now in the midst of. (He views the rally of 2009 to be a bear-market rally not the beginning of a new bull market.) But over the years, his methods of technical analysis have been criticized. Here are his most ...