Elliott Wave Analysis

An approach to market analysis that is based on repetitive wave patterns and the Fibonacci number sequence. An ideal Elliott wave pattern shows a five wave advance followed by a three wave decline. See ChartSchool article on Elliott Wave Theory. 

Energy Commodities Index ($GJX)

The Energy Commodities Index is published by Goldman Sachs (http://www.gs.com/gsci/). The energy products listed include crude oil, heating oil, and natural gas.

Engulfing Pattern

Engulfing Pattern Example A reversal pattern that can be bearish or bullish depending upon whether it is in an uptrend or downtrend. The first day is characterized by a small body, followed by a day whose body completely engulfs the previous day's body.

Envelopes

Lines that are placed at fixed percentages above and below a moving average line. Envelopes help determine when a market has traveled too far from its moving average and is overextended.