Mastering Elliott Wave Reviews and Reader Experiences
What Forecasters and Analysts Are Saying
For four decades, Mastering Elliott Wave has helped wave forecasters develop a more structured, scientific, and objective approach to market analysis. Readers around the world have used the methodology developed by Glenn Neely to improve their understanding of market behavior and refine their forecasting process.
Below are real reviews and experiences from readers who have applied the principles from the book, many of whom have gone on to explore the broader framework behind the methodology through NEoWave.
Featured Reviews
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Made Six Figures Using This Method
“I owe much of my wealth to my first purchase of MEW back in 1991. There is no better general market forecasting method. It’s brilliant. I think it’s more brilliant now than even before I retired, because I don’t second guess it as I did in the past. Glenn Neely still rocks!”
— D. Schiarra
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Advanced and Incredibly Detailed
“This book is incredibly deep and needs to be digested in smaller parts since it contains so much information. If you use Elliott Wave and are looking for more advanced methods, this is the book for you.”
— Johnny Rico
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Best Book on Elliott Wave
“This is the best book on Elliott Wave I’ve ever read. It explains all possible patterns in depth and introduces concepts I had never seen before. Each time you read it, you gain more insight.”
— Duong Vu
Media & Institutional Praise
“A masterpiece, the best book on technical analysis in 50 years”
— David C. Reif
Vice President Investment,
Prudential-Bache
“This book provides the most complete explanation of Elliott Wave Theory available. With proper study, the reader should be able to master with complete understanding the technicalities of the Elliott Wave Theory.”
— Larry Jacobs
Gann & Elliott Wave Magazine
“…what a feast of ideas for both novice and experienced Elliotticians! Every sentence is devoted to something important. (Neely) has obviously spent a lot of time on the illustrations to ensure the reader will understand the concepts.”
— Bruce Babcock
Commodity Traders Consumer Report
“This book will significantly improve your knowledge of proper rule and technique application, no matter what your current level of expertise.”
— Cycles Magazine
Amazon Reviews
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This is not a novel about some character named “Elliott”…..
It IS, however, a major treatise on the Elliott Wave theory, probably the first and only one like this that has ever been written. It is a very good book on a subject that few financial people know – or even care – about, but would or should learn. No, it will not make you a imillion dollars; it WILL help you make better decisions about where a particular stock is going and how soon but it will also take a very long time to digest. This is a book that you read a few pages and then put the book down and spend the next few hours or days digesting what you’ve read, even going to the charts looking for examples of what you’ve just read. Robert Prechter wrote a few good books on this subject and this book by Neely is an excellent supplement. I think it’s fair to say that books dealing with theories associated with the financial world are very dry and very boring to people who just aren’t into the finacial world, and sometimes even more boring to those of us who ARE hooked on the world of finances, securities, and the stock market but be that as it may, if you are deeply into the markets, this is a good one to have on your shelf along side of Robert Prechter’s book.
— Gunther
Reviewed in the United States on July 5, 2013
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VERY DEEP Read
I would say this book is a great Elliott wave teacher. However, get ready for long concentration hours. It is a deep topic. I am mostly through the book and have reread most of the chapters more than once. I am glad I got it, as I didn’t know enough about Elliott wave theory. I am starting to think I could use the concept now. Neely does a good job describing the basics needed to understand Elliott Wave Theory.
— Bob
Reviewed in the United States on October 28, 2018
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Not a classic, but a secret revealed.
If you want to use Elliott Waves in practical real trading there is nothing else, period. Prechter’s book is a very distant second. I emphasize – FOR PRACTICAL TRADING. Otherwise Prechter’s book is excellent and is a true classic.
But prepare yourself to read Neely’s book many, and I mean MANY times before you start to feel that you GET IT. 9-10 times at least. And that is with paper and pen. But after you GET IT, you feel like you have wings when you look at the price charts.
— Alexander Chaihorsky
Reviewed in the United States on January 14, 2008
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Very, very deep
If you buy this. Be aware that this is not your typical trading book. This book offers an incredible amount of quality information. If you want to learn the basic of Elliott wave theory, I would not recommend this book.
— Marius Bless
Reviewed in the United States on July 29, 2019
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It’s taken a couple of months to understand everything in there.
Truly mastering elliott wave is a long term commitment, but it’s the best book i’ve come across on the subject. makes frost and prechter look like they’re trying to confuse everyone.
— Alex Graham
Reviewed in the United Kingdom on May 8, 2014
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You should finish this before you trade
It is the pinacle point of Elliott Wave Theory. The best book where you can learn all the aspects of Elliott Wave Theory. It is worth every penny.
— GK
Reviewed in the United States on May 16, 2020
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A Masterpiece but could be better organized
A superb treatise of practical application of Elliott wave behavior, but one has to do a lot of traveling back and forth for certain rule applications. For example, there is quite a lot of information about different kinds of patterns, but it is scattered across many chapters.Also if Neely had included real life examples of actual markets it would have been even better.The chapter on the first set of rules could have been made a little more user friendly.
All in all, an essential book for every aspiring market technician and theorist alike.
— Tekkiesuresh
Reviewed in the United States on November 14, 2012
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Ahead of its Time
Once you become proficient in traditional Elliott wave theory you begin to understand its deep limitations. This is even more so if you have been trained in the typical way – which is to identify impulses in strongly trending markets and simple three wave corrections in choppy, sideways markets. Once you open Neely’s book you can never go back.
— Noel W McCarthy
Reviewed in Australia on November 13, 2020
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Loads of great knowledge, but hard, hard work!
I read this book a couple of years ago, and found it fascinating and highly detailed. I imagine that for some very technically minded people this is something they can really get their teeth into and enjoy. But for simple folk like me, it was just too much, and I found much simpler methods to interpret Elliott waves that didn’t take half as much time or knowledge. So, I give it a 3 star rating as its brilliance is somewhat dampened by its complexity.
— Lewis Evans
Reviewed in the United States on June 1, 2007
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CLASSIC NEEDS TO BE READ A THOUSAND TIMES
The only downside of this classic is its size. If the publisher can make it smaller and easier to carry, that’ll be even better.
Because this is one of those books which you cant just skim through once or twice. It takes years to master everything it mentioned.
Then you’ll be the real master.
— Yu Yang
Reviewed in the United States on August 27, 2008
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For serious traders only!
Look no further!
(Note: Material very intellectually challenging, but well worth it!)
— Universal Love
Reviewed in the United States on September 28, 2015
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Good book
Good book to read. But in my opinion it’s a little bit hard to understand especially for one who just started to learn about this Elliott Wave. Still one of the book you should have on this topic.
— Rachmad Perdana
Reviewed in the United States on February 16, 2015
Reader Testimonials
I am writing to express my deep gratitude, appreciation, and admiration for your work on Wave Theory and especially for your book Mastering Elliott Wave. I have read your book innumerable times; I can say with complete confidence that it is the single best resource to understand and analyze the financial markets. It is a true masterpiece – a logician’s Mona Lisa – and showcases your logical mind and the immense amount of hard work you put in to pen it. Your logical rules on structure, time, degree, complexity, proportion, and market behavior are simply extraordinary and the work of great genius. It will rank as one of the great books for analysis of financial markets, though in my mind it is the greatest. I have taken your Advanced Wave Analysis course and Neely River Trading course and have experienced the way you look at charts, which has greatly contributed to the way I look at charts. I hope you will continue to devote time for market research and new discoveries. Through your professional services of NEoWave, you are helping a vast population achieve financial freedom.
— Vipul Garg
India
Mastering Elliott Wave is the best technical analysis book ever written, by a mile! I’ve read a LOT of books on technical analysis, rarely more than once. Glenn, I’ve read your book at least a dozen times cover to cover.
— Joshua Goldstein
United States
Glenn, I have read more than 2,000 books and articles about the market over the years. Without a doubt your book, Mastering Elliott Wave, was the best I have ever read. I have read it more than 12 times! I think you are a genius who was able to pull a wonderful order out of the irregularities. Reading your book changed my view of financial markets and changed my financial life. I am very interested in logic and your book is full of wonderful logic. I am working on Wave analysis day and night, so I can multiply the accuracy of NEoWave, and I have been somewhat successful. In fact, NEoWave works very accurately in Iran. I am getting dream profits! Thank you for transforming the world of technical analysis.
— Ali Kahyani
Iran
Since reading Glenn Neely’s book, Mastering Elliott Wave, I have been able to confirm so much more theory and put it into good practice. In fact, respecting ‘time’ has been one of the biggest aspects of my learnings. His perspective on Wave theory is far superior to what I have read in the past. I only wish I had read it earlier! I enjoyed today’s Advanced Wave Analysis class, and I have no issues with the online tutorial as I understand everything he is putting forward. Keep up the great lessons.
— Darren
Australia
Mr. Neely, I have been an ardent follower of yours from way back in 1996. Thanks to the concept of Wave theory as you propagated in your book, Mastering Elliott Wave, I was able to call the bottom of the Indian market in 1998 and play the entire bull market to the day of the fall in 2000. I made a small fortune, and it has served me well ever since. As a ‘youngster’ of only 30 years old and with a newborn baby boy I was able to quit my investment banking job for a quiet life of trading for many years. Today I head an equity research outfit. I am always grateful to you, Mr. Neely.
— Vinit Bolinjkar
India
Mr. Neely, your Mastering Elliott Wave book is amazingly detailed and precise. I am in my second week and about to pass Chapter 4. I can’t stop appreciating how much time and effort you devoted to making this book happen. Thank you!
— M.J.
United States
I have been reading your book and studying your analysis for the last five months. I think you are brilliant. I have compared your analysis to other Elliott Wave experts, and I have found yours to be vastly superior. I know that with your help and insight I will become very good at NEoWave. Thanks again for sharing your knowledge and wisdom.
— Kevin Staner
Glenn, the time has come – the villa is finished and I am flying over to move in. I received full citizenship of Europe and am currently a Swiss citizen, with approval of all social benefits. As I look over all the years I have used your NEoWave Forecasting method to predict the market – and your Mastering Elliott Wave book that has guided me, along with your course – I must thank you. Without your guidance, I would never have made the fortune I have.
— J.M.
Monaco
I very much appreciate your work. Mastering Elliott Wave is an important book in my technical analysis education.
— Alexander Nikolov
Bulgaria
I picked up technical methods after losing half my money in mutual funds run by MBAs who are taught what markets ‘should’ do rather than what they actually do. A coin flip would have yielded better results. Neely sees what no one else does and like a great genius ties it into a code of rules for wave analysis much more strictly than those before him.
— Eric Noel
Canada
Regarding Mastering Elliott Wave, I must compliment you on your achievement. I found chapters 3, 8 and 11 particularly valuable. I started studying Wave Theory about six months ago, and I needed an overall perspective of the wave count of the market. The structures and the formations in your book provided that perspective. Your forecasts and the direction of the market have been rock solid since I subscribed to your service six months ago. Your structures explain the market behavior better than anyone else.
— A.P.
Canada
A Method Trusted by Serious Market Students
For 40 years, Mastering Elliott Wave has remained a foundational resource for traders seeking a more structured and objective approach to market forecasting.
The principles introduced in the book later evolved into the methodology used by NEoWave, reinforcing its long-standing relevance and practical application.
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