Hi friends! I am new at this site. I found it very helping site. Please can any one make me understand the Elliott Wave Theory in simple wording. I have studied many sites. But I can't make out.

What kind of answer do you expect for your question?

Elliot Wave Theory is not something that can be explained in 2-3 lines. .

Elliot Wave Theory simply states that stock markets (indices) move in certain recognizable patterns.

The theory is based on observations and there is no logical explanation to why such patterns should occur in stock markets.

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