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The basic concepts of the elliott wave theory are listed below. Tutorial on the elliott wave auto wave labeling / pattern recognition tool within motivewave's elliott wave charting and trading software.this elliott wave. Action is followed by reaction. Mtpredictor's elliott wave software will help you identify low risk/high return trades quickly and easily, helping you to maximise your profits and cut your losses. Elliott wave forecasting (not elliott wave trading) gives you an idea about direction, magnitude and duration, but it does not provide a clear indication of specific entries, stops, and targets.
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It describes the natural rhythm of crowd psychology in elliott wave is fractal and the underlying pattern remains constant.
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In terms of practical application, the elliott wave principle has its.
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