According to Elliot wave theory,the stock market behavior can be explained as _________________.
A) a series of medium-term wave cycles with no short-term trend
B) a series of long-term wave cycles with no short-term trend
C) a series of superimposed long-term and short-term wave cycles
D) sine and cosine functions

Question

Quizplus · Accepted Answer

According to Elliot wave theory, the stock market behavior can be explained as a series of superimposed long-term and short-term wave cycles. These waves can be classified into five impulse waves and three corrective waves. This interpretation helps traders and investors identify potential market trends and forecast market movements.

According to Elliot Wave Theory,the Stock Market Behavior Can Be