Elliott Waves
What are Elliott Waves?
Technical analysis’ Elliott Wave theory is used to explain price changes in the stock market. Ralph Nelson Elliott created the hypothesis after observing and identifying recurrent, fractal wave patterns. Consumer behavior and stock price fluctuations both exhibit waves. A market trend that investors are hoping to capitalize on may be compared to a wave. A refinancing wave describes a significant, widespread trend among homeowners to switch over their current mortgages for new ones with better conditions.
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