Home / Author Archives: David Waggoner, CMT

Author Archives: David Waggoner, CMT

Elliott wave

The Elliott wave principle is an advanced discipline of financial market technical analysis. Ralph Nelson Elliott (1871-1948) revealed his wave principle to the public through Financial World magazine in 1939. Elliott identified and named 13 patterns that recur in the financial markets. These patterns connect and combine in a limited number of possibilities to form larger versions of the same ... Read More »

technical analysis

Technical Analysis is the study of price action of the market itself rather than the economic factors that contribute to it. Technical analysts believe that human behavior is the principle driver behind change in financial markets and that this behavior produces trends and repeating patterns that are predictive to the trained eye. The first recorded history of a trader using technical ... Read More »