The Elliott Formula is a way of counting numbers that helps us understand things like repeating patterns in nature, like how often the same kind of wave appears in the ocean. The formula uses numbers called 'fibonacci numbers' to count how many of each kind of wave we can see. First, it starts with 0 and 1. Then, it adds the two numbers together to get the next number in the sequence (0 + 1 = 1), then adds that number to the one that comes before it (1 + 1 = 2) and keeps going up like that. Once you get to a certain point in the sequence, if you start back at the beginning, the numbers will start to repeat in a pattern. By figuring out this pattern we can better understand how things like waves happen in the world.