Ralph Nelson Elliott
Elliott Wave Theory glossary · Elliott Wave Theory
Definition
Developer of the Elliott Wave Principle in the 1930s, who observed that markets move in recognizable recurring patterns driven by mass psychology.
Ralph Nelson Elliott in plain English
Ralph Nelson Elliott was an accountant who, while recovering from an illness in the 1930s, spent months studying decades of old stock charts and noticed something striking: prices don't wander randomly, they trace the same repeating shapes over and over. His big idea was that these patterns come from crowd psychology, because when huge numbers of people swing together between hope and fear, their shared mood leaves a rhythmic footprint on the chart. He matters because everything else in Elliott Wave Theory is just the rulebook he built to read that footprint.
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