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Showing results for tags 'elliot wave'.
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Meaning of Phi The value of this ubiquitous phenomenon was deeply understood and profoundly appreciated by the greatest intellects of the ages. History abounds with examples of exceptionally learned men who held a special fascination for this mathematical formulation. Pythagoras chose the five-p... -
Introducing Fibonacci Statue of Leonardo Fibonacci, Pisa, Italy. The inscription reads, "A. Leonardo Fibonacci, Insigne Matematico Piisano del Secolo XII." Photo by Robert R. Prechter, Sr. HISTORICAL AND MATHEMATICAL BACKGROUND OF THE WAVE PRINCIPLE The Fibonacci (pronounced fib-...
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Lesson 7: Wave Personality The idea of wave personality is a substantial expansion of the Wave Principle. It has the advantages of bringing human behavior more personally into the equation and even more important, of enhancing the utility of standard technical analysis. The personality o...
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Lesson 6: Channeling Wave Equality One of the guidelines of the Wave Principle is that two of the motive waves in a five-wave sequence will tend toward equality in time and magnitude. This is generally true of the two non-extended waves when one wave is an extension, and it is espe...