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Technicals

Elliott Wave Theory

Let's dive into the fascinating world of finance with a theory that has stood the test of time. Ralph Nelson Elliott's theory of market behavior, first published in the 1930s, is a cornerstone of technical analysis. The essence of this theory lies in its observation of the stock market's cyclical nature. It suggests that the market moves in five waves upwards, followed by three waves downwards, forming a complete cycle.

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