Waves a-b-c are one lesser degree than Wave II. 

We need to be aware of how each wave of a trend or counter-trend ordinarily subdivides. His prominence as a forecaster during the bull market of the s brought the greatest exposure to date to Elliott's work, and today Prechter remains the most widely known Elliott analyst.

Wave Degrees 

Elliott Wave Theory was developed by R.N. Elliott and popularized by Robert Prechter. This theory asserts that crowd behavior ebbs and flows in clear trends. Based on this ebb and flow, Elliott identified a certain structure to price movements in the financial markets.

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Where Did the Wave Theory Come From? 

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Introduction to Elliott Wave Theory Cycles and Waves. Elliott proposed that market cycles resulted from investors' reactions Market Predictions Based on Wave Patterns. . Basic Principle of the ’s Elliott Wave Theory. Simply put, movement in the direction of the trend is unfolding in 5 waves (called motive wave) while any correction against the trend is in three waves (called corrective wave). The movement in the direction of the trend is labelled as 1, 2, 3, 4, and 5. 

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Cycles and Waves

Ralph Nelson Elliott is the father of the Wave Theory, which is commonly called and more accurately described as the Elliott Wave Principle. Born on July 28, in Marysville, Kansas, Elliott reached his ultimate achievement late in . Elliott Wave Theory was developed by R.N. Elliott and popularized by Robert Prechter. This theory asserts that crowd behavior ebbs and flows in clear trends. Based on this ebb and flow, Elliott identified a certain structure to price movements in the financial markets.

The Elliott Wave Theory was developed by Ralph Nelson Elliott to predict price movements by observing and identifying repetitive wave patterns. Elliott Wave Theory is a commonly used form of technical analysis that is applied to stock market charts for the purposes of forecasting the future direction of prices. The Elliott Wave Principle is founded upon the concept that .

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