See How Elliott Waves Help You Avoid “Getting Married to the Trend”
See How Elliott Waves Help You Avoid “Getting Married to the Trend”
Most investors make the mistake of linearly extrapolating a financial trend into the future, especially at junctures when that trend is near a turn.
In everyday terms, it’s called “getting married to the trend.”
Here’s what Elliott Wave International President Robert Prechter said in his book, Prechter’s Perspective:
Seeking Certainty in Uncertain Times? Draw a Trendline | Learn How
Seeking Certainty in Uncertain Times? Draw a Trendline | Learn How
Trendlines are simple straight lines connecting two price extremes on a chart. When you draw more than one, you create a so-called trend channel and see both the future trend and trend reversals.
