The Elliott Wave theory can be described as an empirically derived, entirely technical, list of rules and guidelines, to interpret, qualify, and project activity in financial markets. The theory, defining a complete bull and bear cycle as five waves up and three waves down, is highly indicative of mass psychology and human progression, and allows therefore exciting insights of what the market might do next. But as the theory can be quite complex and confusing, it requires the engagement of Fibonacci applications and what Thomas calls “plausibility analysis” to make it a powerful and highly effective analysis tool. The insights that Thomas will give will hopefully dissolve most difficulties that people encounter using this technique and will unveil the logical clarity behind it.