The Elliott Wave principle is considered to be the best instrument to analyze the market and forecast its behavior. Most market participants successfully use the principle to make investments or perform deals. In 1984, Robert Prechter, one of the authors of the course, won the US Trading Championship trading on a live account and set a record of the 444% return. However, no one has managed to beat this record yet. Reading the course you can assess fundamental and forecasting value of the Elliott Wave principle.
Once you read the book, you will understand that all patterns known today form the basics of the Wave theory. For example, the Head and Shoulders graphical pattern is formed at the peak of a trend and it consists of a several impulse waves that are followed by correctional ones. If you can identify a wave structure of the market, you can forecast any price behavior that gives you wonderful opportunities.