Glenn Neely from failed trader to consultant.
Glenn Neely is a well-known figure in the stock exchange world. Glenn Neely's greatest contribution was his refinement of the Eliot Wave Theory, which was shown to the world in his published book Mastering Eliot Wave Analysis.
The author not only brought theoretical clarity by removing the factor of subjectivity in Eliot's theory, but also developed new shorter models that have more accurate characteristics.
If we talk about the biography of Glenn Neely, despite his enormous contribution to the development of technical analysis and enormous worldwide fame, his life path remains a mystery to this day.
In his speeches, Glenn Neely avoids talking about his family and past in every possible way, clearly setting the date 1981 as the beginning of his stock exchange journey.
Getting to Know the Exchange: A First Negative Experience
Glenn Neely, eager to improve his financial situation, began to actively study the stock market. Glenn Neely is a classic example of a self-taught trader who read dozens of books in the hopes of finding something worthwhile.
However, dozens of books read yielded no significant results, with the exception of Elliott Wave Theory, which is quite difficult for a beginner to master at first. So, in 1982, Glenn fell for a scammer's trick and bought a trading system for $2,000, which, according to the seller, would generate a stable income.
After purchase strategies and testing it, Glen learned a simple lesson - one strategy for successful trading is simply not enough.
Perseverance and self-improvement
After a bitter experience with a purchased trading strategy, Glenn Neely continues his self-study and recalls his beloved Elliott theory. Rereading the textbook again, he finds it so inspiring that he begins conducting research and finds confirmation of the theory on a real chart.
To delve deeper into her research, Nili quit her day job and began trading independently, simultaneously discovering more and more new patterns.
As a result of fanatical research Elliott's wave theoryGlenn Neely gained tremendous experience in this field, so he decided to create the EW Institute, which in 1983 began training and consulting traders over the phone on wave theory.
The creation of such an institution attracted enormous attention from scientists and traders, who became the core of the team and continued research activities.
Transformation and World Fame
Since 1986, Glenn has been frequently invited to various television shows devoted to stock trading, as well as radio broadcasts, for his forecasts. Along with his fame and popularity, Neely continued to actively refine wave theory, and in 1987, he launched the paid analytics service WaveWatch.
The analysis was so popular that his institute's team released a forecast for 80 years into the future, which gradually began to come true.
As his research progressed, Glenn Neely began to transform from an ardent supporter of wave theory into its primary critic. Thus, witnessing the subjectivity of this approach and the imperfections of the five-wave models in practice, Neely began to discover new, shorter wave formations and refined the labeling.
The culmination of many years of research was the publication of the book "Mastering Elliott Wave Analysis," and later a theory called NEoWave. This theory was adopted by Glenn Neely, so the institute was renamed in her honor.
In 1991, Neill received a new boost in fame when Reuters arranged for him to travel to Asia, where he was able to present his invention to the world.
Today, Glenn Neely remains the head of the NEoWave Institute, which he founded, and conducts ongoing training seminars. It's also worth noting that his academy is still active, so you can always purchase forecasts on the official NEoWave website.
