Elliott Wave Glossary

Elliott Wave Glossary

Sentiment Indicators and Wave Counting

Market sentiment indicators (put/call ratio, investor surveys, VIX) can supplement wave count analysis by confirming extremes in crowd psychology.
Elliott Wave Glossary

Technical Indicators and Elliott Waves

RSI, MACD, and other momentum indicators can help identify wave boundaries. Divergences often signal wave 5 or wave C completion.
Elliott Wave Glossary

Elliott Wave and Intermarket Analysis

Using relationships between markets (bonds, currencies, commodities) alongside wave analysis to identify turning points and confirm counts.
Elliott Wave Glossary

Elliott Wave and Time Cycles

Time analysis in Elliott Wave: Fibonacci time ratios can project the duration of waves. Major turning points often occur at Fibonacci multiples of prior wave durations.
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

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

Corrective Wave Overview

An overview of the three families of corrective waves: zigzag family (sharp corrections), flat family (sideways with deep B), and triangle family (sideways time corrections). All corrective waves are
Elliott Wave Glossary

Double Zigzag, Triple Zigzag, and Multiple Zigzags

A double zigzag (W-X-Y) consists of two zigzags connected by an X wave. Both W and Y are zigzags. Wave Y extends beyond wave W, making a new price extreme. A triple zigzag adds a third component (Z).
Elliott Wave Glossary

Flat Guidelines

Key guidelines for identifying and measuring flat corrections: wave B retracement ranges, wave C target ratios, and the meaning of an oversized wave C.