Elliott Wave Glossary

Elliott Wave Glossary

Entry Timing

Optimal entry points in Elliott Wave trading: after a wave 2 or 4 correction completes, at the start of the next impulse. Confirmation improves timing and reduces risk.
Elliott Wave Glossary

Count Revision

When the market's price action violates the primary wave count, revise the count by moving to the next most probable alternative. Count revision is not failure — it is essential discipline.
Elliott Wave Glossary

Scenario Planning: After Wave (3)

How to plan trading scenarios after the completion of wave (3) in an ongoing impulse. Projecting the (4) wave correction target and the (5) wave completion zone.
Elliott Wave Glossary

Dow Theory and Elliott Waves

Elliott Wave Theory is an extension and refinement of Dow Theory. Dow Theory's primary trend, secondary reactions, and minor trends correspond to Elliott's degrees of waves.
Elliott Wave Glossary

Scenario Planning: After Wave (3) Correction

Detailed scenario planning for wave (4) and wave (5) after wave (3) completes. Includes specific Fibonacci targets and entry/stop placement.
Elliott Wave Glossary

Kondratiev Wave

A long economic cycle of approximately 50–60 years, identified by Russian economist Nikolai Kondratiev. Corresponds to the Supercycle degree in Elliott Wave Theory.
Elliott Wave Glossary

Benner Cycle

A commodity price cycle identified by Samuel Benner in the 19th century. Shows recurring patterns of highs and lows at irregular but predictable intervals.
Elliott Wave Glossary

Decennial Pattern

The tendency for stock markets to show similar price behavior within each decade — weak in years ending in 2, strong in years ending in 5 and 8.
Elliott Wave Glossary

Presidential Cycle

The tendency for U.S. stock markets to follow a 4-year cycle aligned with the U.S. presidential election cycle. Years 3–4 of the cycle tend to be strongest.
Elliott Wave Glossary

January Effect

The tendency for stock prices — especially small-cap stocks — to rise in January. Attributed to year-end tax-loss selling followed by reinvestment in January.