The Elliott Wave Principle by R. Prechter and A. Frost - Wall Street classic, 20th edition translation. Largely thanks to the book by Prechter and Frost, most modern professional investors, traders and analysts are familiar with Elliott's theory and use it in practice. While studying financial markets, Ralph Nelson Elliott discovered that prices change in recognizable patterns. He named, defined and illustrated these patterns. The wave principle is not only one of the best forecasting methods, it is primarily a detailed description of market behavior. Such a description provides a huge amount of information about the position of the market within the behavioral continuum and, thus, speaks about its likely future path. The book is intended for investors, traders, analysts, financiers.