Elliott Wave glossary: 127 terms every wave trader must know in 2026

Elliott Wave analysis is a form of technical analysis based on the theory that financial markets move in predictable wave patterns reflecting crowd psychology. Markets advance in five-wave impulse patterns and correct in three-wave patterns.

Accuracy depends on the analyst's skill, the instrument, and how the result is measured. At EW Strategy, every published call goes into our public scorecard with a full breakdown — calls that reached their target, calls still developing on the right side of structure, and calls that were invalidated. We publish the live numbers at /performance so you can see the latest distribution yourself, instead of relying on a single headline figure.

Yes. Elliott Wave patterns appear at all timeframes, from 1-minute charts to monthly charts. Day traders typically focus on sub-minuette and minuette degree waves for intraday setups.