Elliott Wave Principle

Elliott Wave Theory Glossary

A market analysis framework, first described by Ralph Nelson Elliott in the 1930s, holding that prices move in recognisable, repeating fractal patterns driven by mass psychology — five-wave impulses in the direction of the larger trend and three-wave corrections against it. Patterns nest across degrees from Grand Supercycle down to Sub-Minuette, governed by three inviolable rules and a body of probabilistic guidelines.

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