Question
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What is EW Analysis?
1 Answer
<p id="isPasted">EW Analysis, or Elliott Wave Analysis, is a form of technical analysis used to study market trends by identifying repeating patterns of price movements called waves. These patterns, believed to reflect investor psychology, consist of five waves in the direction of the main trend (impulse waves) and three corrective waves against the trend. By understanding these wave patterns, traders can potentially forecast future market movements and make more informed decisions. </p>
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