Elliot Wave Theory - Predict Future Stock Moves

Elliott Wave Theory | Investopedia

Wave theory principles:

• Every action is followed by a reaction.
• Five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move).
• A 5-3 move completes a cycle.
• This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
• The underlying 5-3 pattern remains constant, though the time span of each may vary.