One big reason why investors value Elliott waves is because of their ability to suggest when a contrarian stance may be warranted.
In other words, often the waves patterns of market psychology show you when it’s time to turn bullish when most people are bearish, and vice versa.
One of the most reliable wave patterns is called “triangle.” You only see them in very specific parts of the trend.
Watch our European Short Term Update editor explain triangle’s implication for the next move in Russia’s RTS stock index.
Free, watch now.
Create a free account and join Club EWI. We’ve helped over ½ million traders and investors learn to use Elliott waves. You get:
- Full access to Elliott Wave Principle — Key to Market Behavior
- Exclusive articles and interviews with our analysts
- Invitations to access our premium analysis