Elliott Wave background
In the 1930s, R.N Elliott identified the price of the stock trends and reversed a specific pattern. This pattern is repetitive in form and, the patterns have predictive value. He decided to use this pattern (Elliott wave theory) to predict the market. The Elliott wave is not primarily a trading system. It is a detailed description of...
![ITC: Part [A] Basic of Wave Principle](https://s3.tradingview.com/t/tQEg0Nuu_mid.png "Part [A] Basic of Wave Principle")
