Elliott Wave Analysis(English /Bangla verson) : Elliott Wave Analysis is a method of technical analysis that traders use to forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. It was developed by Ralph Nelson Elliott in the 1930s and is based on the idea that markets move in predictable wave patterns due to investor behavior. 📊 Core Principles of Elliott Wave Theory 1. Wave Structure Markets move in a repeating 5-3 wave pattern : Impulse Phase (5 waves) : This moves in the direction of the larger trend. Wave 1 : The initial move up. Wave 2 : A correction (pullback). Wave 3 : Strongest move in the direction of the trend. Wave 4 : A shallow correction. Wave 5 : Final move in the trend direction before a larger correction. Corrective Phase (3 waves) : Moves against the trend (labeled A-B-C). Wave A : Initial move against the trend. Wave B : Temporary reversal. Wave C : ...