Today’s first lesson was not about charts — it was about origin.
We started with Ralph Nelson Elliott — an accountant, not a trader, who noticed something most market participants still miss.
While analyzing decades of stock market data in the 1930s, Elliott observed that price movements are not random.
They follow repeating wave patterns, driven by human psychology — fear, optimism, greed, and doubt unfolding in a structured, fractal way across all timeframes.
His key insight was simple but radical: Markets move the way humans think — in cycles.
This idea later aligned with Fibonacci ratios and became what we now call Elliott Wave Theory — a framework to understand market structure, trend, and crowd behavior, not a prediction machine.
Before learning rules, counts, or targets, it’s important to understand why this theory exists.
Next lessons will move from history → structure → application.
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