Harmonic Elliott Wave: The Case for Modification of R.n. Elliott's Impulsive Wave Structure (Wiley Trading) - Tapa dura

An update to the Elliot Wave Principle that corrects a fundamental error The Elliot Wave Principle has been widely adopted as a tool for traders analyzing market cycles, but Ian Copsey has unearthed a fundamental error in the way it defines the structural development of price behavior. Harmonic Elliott Wave: The Case for Modification of R. N. Elliott's Impulsive Wave Structure explains what's wrong with the Principle, outlining a modification that allows for more accurate trading predictions. Revealing the methodology that led to this discovery, the common ratios that link different parts of the wave structure, and providing a wealth of practical examples to explain his findings, Copsey shows how waves really develop, dispelling the misconceptions that have been practiced by Elliotticians for years. Supporting his methods by consistently ensuring that waves are related by common ratios, Copsey helps the reader apply the revised version of the Principle with greater understanding and accuracy. * Reveals a fundamental error in the popular Elliot Wave Principle * Outlines a tried and tested modification that fixes this mistake and allows for more accurate analysis * Offers essential information on applying the new model to the markets With far-reaching implications for traders everywhere, Harmonic Elliott Wave is a must-read for anyone who puts their faith in the Elliot Wave Principle.

Ian Copsey is one of the most accomplished Elliott Wave practitioners. While respecting the "brilliant findings" of R.N. Elliott, Copsey explains in rich detail how a few changes to the original impulsive wave structure have allowed him to achieve more consistently accurate analysis. Some traditionalists may find his work provocative but Elliotticians of all hues will benefit from studying his insightful observations.
Alex Douglas
General Manager
IBFX Australia

A few years ago, Ian Copsey had something of an epiphany. He became aware of anomalies in the work of the celebrated financial markets technical analyst, R.N. Elliott. Elliott's Wave Principle proposed that financial markets proceed in a pattern of impulsive and corrective waves. Copsey's computer-based research led him to believe that the structure of the waves developed differently than in Elliott's works. Based on that research, Copsey proposed strong guidelines for strategies to apply the new "harmonic" wave structures to financial markets. After successfully testing his theory, Ian Copsey has presented, in Harmonic Elliott Wave, a robust argument for his innovative treatment of wave principles.
Larry Lovrencic
Executive Director at First Pacific Securities
Vice President at Australian Professional Technical Analysts (APTA)

In the late 1930s, Ralph Nelson Elliott published his market observations called The Wave Principle. Many forecasters have applied this powerful methodology with success, until they get the wave count wrong. Now, three quarters of a century later, the techniques of trying to fit a wave count is less of a challenge with Ian Copsey's Harmonic Elliott Wave. Ian's 20 years of market observations, aided by computer power, has come out with an objective way of determining wave relationships. All these lead to a more accurate forecast of price.
Paul Leo
Author, The Ultimate Technical Trading Software