Practical Application Of Elliott Wave Principle By Deepak Kumar Pdf Info

The Elliott Wave Principle is based on the idea that prices move in waves, which are repetitive and predictable. Each wave is composed of smaller waves, and this fractal nature of the market is the foundation of the Elliott Wave Principle. The principle identifies two types of waves: impulse waves and corrective waves. Impulse waves are directional waves that move in the direction of the trend, while corrective waves are waves that move against the trend.