Gordon Scott has been an active investor and technical analyst or 20+ years. He is a Chartered Market Technician (CMT). Antonio_Diaz / Getty Images A Wolfe Wave is a chart pattern composed of five ...

Elliott Wave Theory is my favorite style of analysis in that it has a small set of rigid rules, several guidelines, and a limited number of patterns to follow. If you can identify the patterns ...

-Zigzags subdivide as an A-B-C (5-3-5) sequence -Many times, wave C can be estimated using common rations and channeling In Elliott Wave theory, a zig zag is a pattern consisting of 3 waves labeled ...

From my experience, the up and down patterns formed by the price movements of the market, called Elliott Waves, are unpredictable in themselves. In practice there are simply too many possible ...

Even before I start writing this story, I can see critics saying that all this analysis is after the fact. Well, I can show you plenty of examples where the technique that is being discussed below was ...