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Elliott Wave Glossary

Fibonacci Spiral and Natural Order

The Fibonacci sequence and the Golden Ratio (1.618) appear throughout nature — in plant growth, shells, galaxies, and DNA. Elliott believed markets reflect the same natural order.
Elliott Wave Glossary

Grand Supercycle and Long-Term Outlook

The Grand Supercycle is the largest degree of Elliott wave observable in market history. Analysis at this degree provides context for multi-decade market trends.
Elliott Wave Glossary

Socionomics

A theory developed by Robert Prechter proposing that social mood (as reflected in stock prices) drives social events — not the other way around.
Elliott Wave Glossary

Application to Forex Markets

Elliott Wave Theory can be applied to currency markets (forex). Key differences include the symmetry of currency pairs and the relevance of inverse counts.
Elliott Wave Glossary

Application to Commodity Markets

Elliott Wave Theory in commodity markets. Key differences: wave 5 extensions are more common; impulse waves can be steeper; seasonal factors interact with wave patterns.
Elliott Wave Glossary

Application to Cryptocurrency

Elliott Wave patterns appear in cryptocurrency markets. The high volatility produces clear wave structures but also complex corrections. Bitcoin's wave history from 2009 is analyzable.
Elliott Wave Glossary

Elliott Wave Software and Tools

Overview of software tools used for Elliott Wave analysis: charting platforms, wave labeling tools, and Fibonacci drawing tools.
Elliott Wave Glossary

Business Cycles and Elliott Waves

Economic cycles (expansion, peak, contraction, trough) correspond to Elliott Wave degrees, but the correspondence is approximate — wave form is more reliable than timing.
Elliott Wave Glossary

R.N. Elliott’s Discovery

Ralph Nelson Elliott discovered wave patterns in stock prices during his recovery from illness in the 1930s. He published 'The Wave Principle' in 1938.
Elliott Wave Glossary

Foundation of Elliott Wave Theory

The philosophical foundation: human social behavior follows rhythmic patterns. Markets are a reflection of collective human psychology, not random walks.