By the end of this chapter, you should be familiar with
The basic tenets of and vocabulary used with the Elliott Wave Theory
The rules and guidelines of the Elliott Wave Theory
The construction of the Fibonacci sequence
The derivation and characteristics of the golden ratio
The reasons why Elliott Wave Theory can be difficult for the average analyst to apply
Perhaps there is a natural structure in markets. Structure is seen in many phenomena in nature. Although markets appear to be completely manmade, perhaps their existence, flowing from human emotion and reason, is a product of evolution and follows a natural order. After all, nature includes humans among its species. Humans like structure. ...