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Their staff of fulltime analysts provides global market analysis via electronic online services to institutional investors 24 hours a day. Practice, practice over and over again, on different time frames and different currencies or even stocks. Introduction to the wave principle elliott wave international. As applied to the monetary markets, the idea is that a given market can advance during a pattern of 5 waves 3 up waves, numbered 1, three and five that are separated by 2 down waves, range two and range four.