Client Login

Elliott Wave 1 Theory

I want to give you and all of MTPredictor a sincere thank you not only for your fantastic product, but more importantly, the superior customer service and obvious caring you guys demonstrate to us as your clients. I feel so fortunate to have the opportunity to benefit from the expertise and wonderful teaching and guidance you offer. All of your efforts are greatly appreciated!!! Thank you.

David, Private Trader

Elliott Wave 1 Theory

Elliott Wave (1) is the first or initial swing off a important high or low.

 

Elliott Wave (1) is rarely obvious at its inception. When the first wave of a new bull market begins, the fundamental news is almost universally negative. The previous trend is considered still strongly in force. Fundamental analysts continue to revise their earnings estimates lower; the economy probably does not look strong. Sentiment surveys are decidedly bearish, put options are in vogue, and implied volatility in the options market is high. Volume might increase a bit as prices rise, but not by enough to alert many technical analysts.


As such, Wave (1) is the initial swing off an importnat high or low…

Next…

To Top