Title:
Harmonic Elliott Wave: The Case for Modification of R. N. Elliotts Impulsive Wave Structure
Author:
Synopsis:
Through hours of research and usage Ian Copsey has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not develop in the manner which R.N. Elliott described in his findings.
In Harmonic Elliott Wave he reveals the methodology, the common ratios that link different parts of the wave structure and provides a wealth of practical examples to explain his findings. Through this methodology he shows how waves develop and dispels the misconceptions that have been common practice by Elliotticians over the years. He supports his methods by consistently ensuring that waves are related by common ratios to help the reader apply the techniques with greater understanding and accuracy.
The publication of R.N. Elliott's The Wave Principle in 1938 marked the beginning of the Elliott Wave Movement which has attracted a huge following in the technical analysis community. Author Ian Copsey, a veteran technician, has spent many years testing these theories and believes he has unearthed a fundamental error in the structural development of price behavior as defined by the Elliott Wave Principle. From his early findings that trending waves ended prematurely and the vagueness of the wave relationships he began to realize that trending waves do not consistently develop in the manner that R.N. Elliott described in his findings.
With stubborn fastidiousness he has pieced together a modification of the original Wave Principle that both defines the correct structural development and unearths the common ratios that identify related waves. Subscribers to his daily report often write in amazement at the frequent accuracy of teh trading levels he generates from this process.
In this book he reveals the methodology, the common ratios that link different parts of the wave structure and provides a wealth of examples to explain his findings. Through this methodology he shows how waves develop and dispels the misconceptions that have been common practice by Elliotticians over the years. He supports his methods by consistently ensuring that waves are related by common ratios to help the reader apply the technique with greater understanding and accuracy.
Technical specifications
- Hardcover: 224 pages
- Publisher: Wiley
- ISBN-10: 0470828706
- Product Dimensions: 9.1 x 6.2 x 0.9 inches
