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It was developed by a technical analyst Manning Stoller in the early 1980s. This indicator is used in classical trend trading where a range breakout is taken into account. This is a type of technical indicator which is.
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It shows you the Market Makers' swing and trap zones drawn on your chart with a. Elliott waves are one of the few studies that able to tell where the market is now, where it is likely to go next and, of course, what are the opportunities there for traders. However, it' s not a secret that to many traders Elliott waves theory is one.