My dear friend seeing you after a long time thank you very much for participating in the contest your analyzes were really amazing which taught me a lot.technical analysis technique that analyses the markets trend for pricing movements that comes in a repetitive pattern of waves. Described by Ralph Nelson Elliott as being made of 5 impulsive waves in the direction of a current trend and 3 corrective waves in the opposite direction, to give information regarding current market psychology and possible direction that a particular price range is for.