This is a Wall Street classic, a translation of the 20th edition. Largely thanks to the book by Prechter and Frost, most modern professional investors, traders, and analysts are familiar with Elliott's theory and use it in practice.

While studying financial markets, Ralph Nelson Elliott discovered that prices move in recognizable patterns. He named, defined, and illustrated these patterns.

Features

The Wave Principle is not only one of the best forecasting methods; it is, first and foremost, a detailed description of market behavior. Such a description provides a wealth of information about the market's position within the behavioral continuum and, thus, suggests its likely future path.

For whom

The book is intended for investors, traders, analysts, and financiers.

Who is the author

Robert Prechter won the 1984 US Open in real money trading and set a new record. In the 1980s, he was considered a true herald and predictor of market movements, and in the late 1980s, according to the Financial News Network, he was among the top five masters in the world of finance. He is currently the president of Elliott Wave International, a major independent company that successfully forecasts financial market movements.

The book was published with the assistance of the International Financial Holding FIBO Group, Ltd.