Summer School Flashcards
Who is the founder of the Elliot Wave Theory?
Ralph Nelson Elliott
What do you call the repetitive upward and downward price swings caused by the market’s collective psychology?
The Elliott Wave Theory was first published in a book entitled ______.
The Wave Principle
Waves 2 and 4 are called ________ waves.
Waves 1, 3, and 5 are called _______ waves.
People started labeling the ____ wave as the extended one as it tends to be longer than the other motive waves.
There are ____ types of ABC corrective patterns.
True or False: Triangle ABC corrective patterns are simple sideways corrective waves.
True or False: A Minor wave is made up of Minute waves.
What does TRUNCATION mean?
Wave 5 does not move beyond the end of Wave 3
Wave 2 cannot go beyond the start of Wave 1.
Waves 2 and 4 bounce off Fibonacci retracement levels.
The first wave in the 5-3 wave pattern is called the _______.
Name the three fundamental corrective wave patterns.
flats, zig-zags, and triangles
What do you call the three legs of a Three-Drive pattern?