In Elliott Prechter’s May 30, 2026 interview on Markus Koch Wall Street, he 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.
Interview conducted by Markus Koch, with Lars von Thienen of the Foundation for the Study of Cycles and Ralf Fayad of Technical Analysis 360WallStreet.de.
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