Elliott Wave Principle The Elliott Wave Principle is a system of derived rules and guidelines first used to interpret the major stock market averages. As applied and used by R.N. Elliott it offers a precise road map of the “underlying” being analyzed. There are 4 rules and 9 guidelines that have stood well against the test of time. Don’t break the rules and apply the guidelines. Anything different is effectively not the Elliot Wave Principle and becomes the “John Doe” Principle.
http://www.indicatorwarehouse.com/96639/day-trading-using-dts-elliott-wave-and-fibonacci/
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