Elliot what does it mean

Some famous bearers of this name include: Elliott Francis. In the U. It ranked in baby name popularity for girls with occurrences. In contrast, the year before it ranked in baby name popularity for boys with 2, occurrences.

The trend's your friend. Elliott Numerology What will your new littleElliott be like? It may all be in the numbers. The numbers that make up your child's name. Create a personalised content profile. Measure ad performance.

Select basic ads. Create a personalised ads profile. Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. Elliott believed that stock markets , generally thought to behave in a somewhat random and chaotic manner, in fact, traded in repetitive patterns.

In this article, we'll take a look at the history behind Elliott Wave Theory and how it is applied to trading. Elliott proposed that financial price trends result from investors' predominant psychology.

He found that swings in mass psychology always showed up in the same recurring fractal patterns, or "waves," in financial markets. Elliott's theory somewhat resembles the Dow theory in that both recognize that stock prices move in waves. Because Elliott additionally recognized the " fractal " nature of markets, however, he was able to break down and analyze them in much greater detail.

Fractals are mathematical structures, which on an ever-smaller scale infinitely repeat themselves. Elliott discovered stock index price patterns were structured in the same way. He then began to look at how these repeating patterns could be used as predictive indicators of future market moves. Elliott made detailed stock market predictions based on reliable characteristics he discovered in the wave patterns.

An impulse wave , which net travels in the same direction as the larger trend , always shows five waves in its pattern. A corrective wave , on the other hand, net travels in the opposite direction of the main trend. On a smaller scale, within each of the impulsive waves, five waves can again be found. This next pattern repeats itself ad infinitum at ever-smaller scales.

Elliott uncovered this fractal structure in financial markets in the s, but only decades later would scientists recognize fractals and demonstrate them mathematically. In the financial markets , we know that "what goes up, must come down," as a price movement up or down is always followed by a contrary movement. Price action is divided into trends and corrections.

Trends show the main direction of prices, while corrections move against the trend. The Elliott Wave Theory is interpreted as follows:. Let's have a look at the following chart made up of eight waves five net up and three net down labeled 1, 2, 3, 4, 5, A, B, and C. Waves 1, 2, 3, 4 and 5 form an impulse, and waves A, B and C form a correction. The five-wave impulse, in turn, forms wave 1 at the next-largest degree, and the three-wave correction forms wave 2 at the next-largest degree.

IY " More about famous people named Elliot:. Name: elliot. Elliot - Meaning of Elliot. What does Elliot mean? More about famous people named Elliot:. Elliot Popularity Charts. Starts with. Ends with. Clear All Selections.