Britain's Marks and Spencer: 5 Waves Up Marked the Spot
by Editorial Staff
Updated: April 08, 2022
It's always easy to blame the news for whatever happens in the markets. But that's not forecasting. That's simply retrofitting yesterday's news to today's market action.
Real forecasting attempts to predict the next move before the news, even without any news. Elliott wave analysis teaches that markets progress in a basic pattern of 5 in the direction of the main trend and 3 waves against it. Which means, knowing when 5 waves are done is very useful information. But how do you spot that moment?
Watch our European Short Term Update show you how he applied Elliott waves to a chart of Marks & Spencer plc during the stock's recent rally -- and the subsequent 46% sell-off.
Free, watch now.
Create a free account and join Club EWI. We’ve helped over ½ million traders and investors learn to use Elliott waves. You get:
- Full access to Elliott Wave Principle — Key to Market Behavior
- Exclusive articles and interviews with our analysts
- Invitations to access our premium analysis