Mastering Elliott Wave Principle: Elementary Concepts, Wave Patterns, and Practice Exercises

CHAPTER 2

The Patterns That Describe Trending Market Movement

Now we begin to discuss the individual puzzle pieces that create the 14 Elliott Wave Principle patterns. Every market move can be described using just these puzzle pieces. You will be given a cheat sheet with the patterns in Chapter 4 to use as flash cards at your computer or to help with the study quizzes in this book.

People struggle with stick drawing representations of patterns. They seem to understand until they are given a bar chart. Then it all looks different to them and a blank stare appears on their face. I have seen this occur so often that I plan to try a different approach. Do not get hung up with memorization of the components like 5-3-5. That will come later. What I ...