"Elliott's Wave Principle" by R. Precter and A. Frost - a classic of Wall Street, translation of the 20th edition. Thanks in large part to Precter and Frost's book, most modern professional investors, traders, and analysts are familiar with Elliott's theory and put it into practice. While researching financial markets, Ralph Nelson Elliott found that their prices varied in recognizable patterns. He named, identified and illustrated these models. The wave principle is not only one of the best forecasting methods, it is primarily a detailed description of the behavior of markets. Such a description gives a huge amount of information about the position of the market within the behavioral continuum and, thus, speaks of its likely future path. The book is intended for investors, traders, analysts, financiers.