<p>Elliott Wave Theory suggests that market prices move in cyclical patterns, driven by investor psychology. These patterns consist of waves, with five waves moving in the direction of the main trend (impulsive waves) followed by three waves correcting against the trend.</p>
<p>Elliott Wave Theory suggests that market prices move in cyclical patterns, driven by investor psychology. These patterns consist of waves, with five waves moving in the direction of the main trend (impulsive waves) followed by three waves correcting against the trend.</p>