Principles of Elliott Wave forecasting
We can forecast the future, and we do. For example, we know exactly when Halley’s comet will appear next. We know, centuries into the future, which years will be leap years. We know with great precision the times of the tides. And we know when the next solar and lunar eclipses will occur. The same thing applies in the stock market, but in a shortened time frame. We can predict with a good bit of accuracy the extent of price moves in the market. Elliott Wave in combination with Japanese Candlestick charting is an unbeatable combination. The Waves tell us what we can expect in the extent of a price move, while the candles tell us infinitely more about the timing and about the underlying psychology of the stock market at any given time.