Ralph Nelson Elliott

Ralph Nelson Elliott was an American accountant and writer who developed the Elliott Wave Theory, a method for analyzing financial markets. He observed that market prices tend to move in repetitive patterns or waves, reflecting collective investor psychology. These patterns, or waves, help predict future market directions by identifying cycles of optimism and pessimism. Elliott's work suggests that market behavior follows natural, recognizable sequences, making it a useful tool for traders and analysts seeking to understand and anticipate market trends. His theory remains influential in technical analysis, offering a structured way to interpret market fluctuations.