Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
Showing 3 terms
Reading structure, levels, candle character and volume directly from the chart, without indicators.
Not a claim that indicators are useless — a claim about ordering. An indicator that tells you something the chart does not is almost always telling you about its own settings.
The day a derivatives contract ceases to exist.
Much of the volume is position unwinding rather than a view, so price action means little.
A structure that repeats at every scale, so each wave subdivides into the same pattern at a smaller degree and nests into it at a larger one.
Elliott's central claim and also its central problem. If every wave contains the same shape, almost any price action can be labelled afterwards.