nalytical tools in the 1930s. He proposed that ma rket prices unfold in specific patterns, which pra ctitioners today call "Elliott waves", or simply " of technical analysis that traders use to an alyze financial market cycles and forecast mar ket trends by identifying extremes waves". Elliott published his theory of market beha vior in the book The Wave Principle in 1938, summari zed it in a series of articles in Fi vThe Elliott wave principle is a form psychology, highs and lows in prices, and othe r collective factors. Ralph Nelson Elliott (1871 1948), a professional accountant, discovered the underlying social principlenancial World ma gazine in 1939, and covered it most comprehensively i n his final major work, Nature' in investor Laws: The Secret of the Universe in 1946. Elliott stated that "because man is subject to rhythmical procedure, calculations havi ng to do with his activities can be projected far into the future with a justification and certainty heretof ore unattainable." [1] The empirical validity of the E lliott Wave Principle remains the subject of debate.