R.N. Elliott
Ralph Nelson Elliott was the originator of the Elliott wave theory.
He was born as a U.S. citizen on July 28, 1871, in Maryville, Kansas, United States. In his youth, he was employed variously as a telegraph operator, stenographer, train dispatcher, station agent lineman at the height of America's railroad boom. He entered the accounting field in the mid 1890s. He spent the next six years of his life in New York City as a restaurant accountant and meanwhile became familiar with the Wall Street area.
In 1930, he moved to California. He took to studying charts of the major market indices to occupy his time as he recovered from his illness. It was about this time that he decided to dedicate himself to the study of the behavior of the U.S. Stock Market.
Elliott organized his research into an essay that he titled "The Wave Principle" which was published in book form in 1935. in it, Elliott advocated that, although stock market trends may appear random and unpredictable, they actually follow predictable, natural laws and can be measured and predicted using Fibonacci ratios
Elliott final major work isNature's Law --The Secret of the Universe, which was published in June 1946, two years before his death.
Elliott Wave Theory was popularized in the seventies by Robert Prechter and A.J.Frost with their book " Elliott Wave Principle"
Lesson 1: Introduction to the Wave Principle
Basic Tenets
The Five Wave Pattern.
Wave Mode.
Lesson 2: Details of the Complete Cycle
The Essential Design
Lesson 3: Essential Concepts
Number of Waves at Each Degree.
Detailed Analytics
Wave Function
Lesson 4: Motive Waves
Impulse
Extension
Truncation
Lesson 5: Diagonal Triangles
Ending Diagonal
Leading Diagonal
Lesson 6: Zigzags
Corrective Waves.
Zigzags (5-3-5 )
Lesson 7: Flats (3-3-5)
Lesson 8: Triangles
Lesson 9: Corrective Combinations
Double and Triple Threes
Orthodox Tops and Bottoms
Reconciling Function and Mode
Lesson 10: The guideline of alternation
Alternation
Alternation Within Impulses
Alternation Within Corrective Waves
Lesson 11: Forecasting corrective waves......
Depth of Corrective Waves (Bear Market Limitations)
Behavior Following Fifth Wave Extensions
Lesson 12: Channeling
Wave Equality
Charting the Waves
Channeling Technique
Throw-over
Lesson 13: More Guidelines
Scale
Volume
The "Right Look”
Lesson 14: Wave Personality
Lesson 15: Practical Application
Learning the Basics
Practical Application
Lesson 16: Introducing Fibonacci
Historical And Mathematical Background Of The Wave Principle
The Fibonacci Sequence
The Golden Ratio
They called it "the golden mean."
Lesson 17: Introduction To Ratio Analysis
Ratio Analysis
Retracements
Lesson 18: Motive and Corrective Wave Multiples
Wave Multiples
Lesson 19: Applied Ratio Analysis
Lesson 20: Multiple Wave Relationships
Multiple Wave Relationships
21. Combining Elliot Wave with Traditional Technical Analysis .
The candidate should be Minimum 10+2(HSC)
The candidate need to have basic knowledge of technical Analysis, however not mandatory.
The candidate should be Minimum graduate for NCFM Certification and to get a job as anSenior Research Analyst.
Start with a demonstration class.
