Elliott Wave theory was established in the 1920s and 1930s by stock market analyst, Ralph Nelson Elliott, who believed that there was a more common structure to markets than the chaotic form seen by most other analysts at that time. His work on cycles and waves remains one of the most popular methods with which technical analysts can view financial markets, despite there being a range of views over the efficacy of his techniques. Cycles and waves The psychological element of trading can often...