In this interview from Markus Koch Wall Street, Elliott Prechter explains why markets are not reactions to news, interest rates, earnings, or economic data, but expressions of collective psychology unfolding in recognizable Elliott wave patterns.
The conversation traces the roots of Elliott wave theory, from Ralph Nelson Elliott’s discovery of recurring price and time patterns to Robert Prechter’s role in reviving the theory on Wall Street.
Elliott then discusses how EWAVES is using symbolic AI to make Elliott wave pattern recognition scalable across global markets. He also explains why markets remain fundamentally human even in the age of AI, as prices still reflect collective swings in optimism and pessimism.
Want to test out the EWAVES engine for yourself?
Watch Elliott Prechter’s FULL FSC 2026 Presentation
The Elliott Wave Setup That Checkmates the Market
In this 40 minute presentation for the FSC, Elliott Prechter begins with the basics of Elliott waves, then explores a market setup so powerful that it is the closest thing to checkmating the market.
Elliott Prechter President of Qualitative Analytics
Elliott’s fascination with technology led him to attend MIT in 2002 and to join Microsoft in 2006. His interest in financial markets began during the 2008 crash, and in 2011 he joined a startup algorithmic hedge fund in Las Vegas. In 2013, he joined Elliott Wave International’s EWAVES department, which develops software to automate Elliott wave analysis. The department was spun off into a separate company, Qualitative Analytics. The firm’s technology powers EWAVES Live, an institutional service that provides real-time Elliott wave analysis and trading-setup scanning tools on over 10,000 markets.
