2.3  Truncation Elliott used the word "failure" to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the l

2.2  Extension Most impulses contain what Elliott called an extension. Extensions

2.1  Motive Waves

1.8  Wave Function
Every wave serves one of two functions: action or

1.6  Wave Numbers
Number of Waves at Each Degree

1.7  Degrees When numbering and lettering waves, the scheme shown below is recomm

1.5  Essential Design
The market's compound construction is such that two wa

1.4  Wave Mode
There are two modes of wave development: motive and correctiv

1.1 Introduction: The Broad Concept
In The Elliott Wave Principle — A Critical Appraisal, Hamilton Bolton made this opening statement: As we have advanced through some of the most unpredictable economic climate imaginable, covering depression, major war, and postwar reconstruction and boom, I

1.1  Introduction: The Broad Concept
In The Elliott Wave Principle — A Critical Appraisal, Hamilton Bolton made this opening statement:

艾略特波浪理论精华 波浪理论是技术分析大师 R·E·艾略特（R·E·Elliot）所发明的一种价格趋势分析工具，它是一套完全靠而观察得来的规律，可用以分析股市指数、价格的走势，它也是世界股市分析上运用最多，而又最难于了解和精通的分析工具。 艾略特认为，不管是股票还是商品价格的波动，都与大自然的潮汐，波浪一样，一浪跟着一波，周而复始，具有相当程度的规律性，展现出周期循环的特点，任

艾略特波浪理论新解