O'Reilly logo

Mastering Elliott Wave Principle: Elementary Concepts, Wave Patterns, and Practice Exercises by Constance Brown

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Geometric Proportion in Market Data

Figure 1.1 helps me continue the discussion about balance and proportion that began in the Introduction. In my experience, the traders who struggle with the Elliott Wave Principle (EWP) do not see critical elements within price data. As example, one of the considerations about the health of a trend is to always be aware of the length of the longest bar in the time horizon of interest. Figure 1.1 is a monthly chart of General Electric. The longest bar in the uptrend is marked by an arrow and the number ‘1’. However, in a single month a decline developed from the high at ‘2’ that exceeded the length of bar ‘1’. Some of you will not be able to see this, so use the boxes drawn to the left of the chart. The height ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required