ELI5: Explain Like I'm 5

Elliot wave

Elliot Wave is a way of predicting how stock prices might go up or down in the future. It looks at patterns in the stock prices that show how they tend to move over time. To do this, it uses something called "waves" which are like big hills and valleys in the stock prices. When the hills are higher than usual, it usually means the stock will go up soon and when the valleys are lower than usual, it usually means the stock will go down soon. With these waves, you can try to predict when stock prices will change.