The book “The ELLIOTT Wave Principle”

Elliott Wave Principle“The Elliott Wave Principle” by R. Prechter and A. Frost is a classic of Wall Street. This book is a translation of the 20th edition. Thanks in large part to Precter and Frost’s book, most of today’s professional investors, traders, and analysts are familiar with Elliott’s theory and use it in practice.
Researching financial markets, Ralph Nelson Elliott found that their prices change according to recognizable patterns. He named, defined, and illustrated these models. The wave principle is not only one of the best forecasting methods, it is, first of all, a detailed description of the behavior of the markets. Such a description gives a huge amount of information about the position of the market within the behavioral continuum and, thus, speaks about its likely future path.

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