Developed by Ralph Nelson Elliott in the 1930s, the Elliott Wave Principle is a form of technical analysis that describes price movements in financial markets through recurring fractal wave patterns. Elliott observed that markets do not move randomly; they move in repetitive cycles driven by investor sentiment (optimism and pessimism).
If you are serious about mastering this discipline, you need more than a blog post. You need the original text and modern practical applications. The search term is specifically looking for the seminal work by A.J. Frost and Robert Prechter. elliott wave principle key to stock market profits pdf