By Elliott Wave International The Wave Principle’s basic pattern includes five waves in the direction of the larger trend, followed by three corrective waves. In a bull market, the pattern is five up, followed by three down....
By Elliott Wave International The world has been hearing a lot about “homes” in recent months, as in — “stay there” to help halt the spread of COVID-19. At the same time, the sales of those homes...
By Elliott Wave International In case you just landed on Earth via Martian spaceship, 2020 has seen the biggest crash in oil prices ever. This chart captures crude’s three-month, 80%-plus nosedive to 3-decade lows. (Price data as...
By Elliott Wave International Related financial markets tend to move together. For example, gold and silver. Or, consider stocks. When the Dow Industrials are up on a given trading day, the NASDAQ is usually in the green...
By Elliott Wave International “Buying the dip” might work in a rip-roaring bull market, but it can cost you your shirt in a severe downturn. Even so, this March 23 Wall Street Journal quote represents the mindset...
By Elliott Wave International A question was posed to Elliott Wave International President Robert Prechter for a classic Elliott Wave Theorist (Prechter’s monthly publication about financial markets and social trends since 1979): Under the Wave Principle, what...
By Elliott Wave International As many of us continue the process of working from home, isolated with young children and significant others day in and day out, the subject of price gaps feels paradoxically fitting. Here’s why:...
By Elliott Wave International Weeks before the February top in the DJIA, the January Elliott Wave Theorist (Elliott Wave International President Robert Prechter’s monthly publication about financial markets and social trends since 1979) said: Most economists believe...
By Elliott Wave International A negative sentiment toward cash had been in place for quite some time. Let’s go back a little more than a year when our Feb. 2019 Elliott Wave Theorist showed this chart and said: The...
In volatile markets especially, you often see price gaps — those blank spaces on a chart where the prices jumped so fast, they left a gap behind. Did you know there are 4 types of price gaps...
