Elliott Wave

Theory that markets move in repeating 5-wave impulse + 3-wave correction crowd cycles.

Related terms

Engulfing CandleA candle whose body fully swallows the previous one — momentum change signal at key levels.
EntryThe price where your position opens. Planned in advance — never improvised.
Equal Highs / LowsTwo+ swings at the same price — a textbook stop cluster and liquidity magnet.
EquilibriumThe 50% midpoint of the dealing range — the fair-value line between premium and discount.
EquityYour account's live value including open positions.
Equity CurveThe chart of your account value over time — smooth and rising = real edge.

Terms stick when you use them. The Money Circle academy walks you through them step by step.