Making Waves · an Illustrated Guide to the Elliott Wave Principle

American Ralph Nelson Elliott (1871-1948) developed the Wave Principle which states that repetitive advance-decline waves, forming within longitudinal data (in Elliott's case specifically of financial markets), are generated by man’s social nature/mass psychology, which is keyed to a naturally occurring mathematical progression expressed by the Fibonacci sequence, and more specifically, the golden ratio.

A complete advance and decline cycle contains eight phases and has some fractal like characteristics in that it operates at all chart resolutions (time-frames) simultaneously.

This booklet is a highly condensed, illustrated, summary of the Elliott Wave Principle. Consider it a primer for anyone interested in taking the first steps toward a greater understanding of Elliott's fascinating ideas