...143 years ago - on July 28, in Marysville / Kansas / was born Ralph Nelson Elliott - author, creator, discoverer 'Wave Principle" - main theory in the field of technical analysis. Genius. The man who to this day constantly to amaze the world.
knowledgebase.mta.org/?fuseaction...
The chart above - this is my version of American history and attempt to reconcile the Elliott Wave Principle and Fibonacci Extensions with the graph.
In short - IMO: after a full cycle, on the markets always are created combinations of corrective - Double or Triple Three.
www.elliottwave.net/...ictenets/basics3.htm
knowledgebase.mta.org/?fuseaction...
The chart above - this is my version of American history and attempt to reconcile the Elliott Wave Principle and Fibonacci Extensions with the graph.
In short - IMO: after a full cycle, on the markets always are created combinations of corrective - Double or Triple Three.
www.elliottwave.net/...ictenets/basics3.htm