The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ELLIOTT WAVE PRINCIPLE Definition & Legal Meaning

Definition & Citations:

A technical analysis concept in securities trend prediction. A pattern made of five waves up and three waves down consistently occurs in the stock markets. US accountant Ralph Elliott (18711948) as described in his 1938 book ‘The Wave Principle’ observed these trends.


This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.