Whenever I'm scanning through charts for potential trading ideas, the most important thing for me is identifying a clear, recognizable wave structure. If the structure is clear, you can spot a ...

James Chen, CMT is an expert trader, investment adviser, and global market strategist. Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician ...

The Elliott Wave principle was first developed by an accountant, Ralph Nelson Elliott, to describe, and ideally predict, market cycles. Utilizing technical analysis and group psychology, it identifies ...

Elliott wave Theory: Is Elliott’s Theory a system in itself? As many traders know, The Elliott wave Theory is a form of technical analysis that finance traders use to analyze financial market cycles ...

The Elliott wave indicates the index is in a 3rd wave, with an ideal target of approximately 7250, followed by a 4th-wave pullback to ~7100 and another 5th-wave rally to approximately 7345-7490. “… ...

Forecasts a major stock market correction lasting into 2026, structured as a five-wave Elliott Wave pattern, with the first wave now complete. Elliott Wave Theory alone can't predict the depth of the ...

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Be careful with economic forecasts; the stock market is a leading indicator, driven more by investor emotions than economic data. Current levels of extreme bullish sentiment, plus very distinct ...