Let Elliott Waves Signal the Market Direction for You : If you are the only bull in the herd running, your survival instincts will tell you to follow the herd, regardless of the direction. The same applies to the maneuver of a successful trader or investor in the financial group called the Stock Market. As trader psychology changes, so does the Market.
The Elliott Wave principle captures the essence of trader psychology. It is an effective visual representation of the trader’s human nature to follow extreme optimism ‘on a busy road’ followed by extreme pessimism, and then repeat the process … Read more