Editing Elliott wave principle (section)

==After Elliott==
Following Elliott's death in 1948, other market technicians and financial professionals continued to use the wave principle and provide forecasts to investors. Charles Collins, who had published Elliott's "Wave Principle" and helped introduce Elliott's theory to [[Wall Street]], stated that Elliott's contributions to technical analysis were as significant as those of [[Charles Dow]].{{cn|date=December 2023}}

Hamilton Bolton, founder of The Bank Credit Analyst, espoused wave analysis to a wide readership in the 1950s and 1960s in his annual market commentaries and forecasts.{{cn|date=December 2023}} 

Bolton introduced the wave principle to A. J. Frost (1908–1999), who provided weekly financial commentary on the Financial News Network in the 1980s. Over the course of his lifetime Frost's contributions to the field were of great significance and today the Canadian Society of Technical Analysts awards the A.&nbsp;J.&nbsp;Frost Memorial Award to someone each year who has also made a significant contribution to the field of technical analysis.{{cn|date=December 2023}}

Additional notable discoveries of new rules and new wave patterns were discovered after Ralph Nelson Elliott published his original work. Glenn Neely, who published ''Elliott Waves in Motion''<ref>{{Cite web |last=Neely |first=Glenn |title=Elliott Waves in Motion |date=1988 |url=https://books.google.com/books?id=Pu44HQAACAAJ }}</ref> in 1988 and ''Mastering Elliott Wave''<ref name=":0">{{Cite book |last=Neely |first=Glenn |title=Mastering Elliott Wave |date=1990 |publisher=Windsor Books |isbn=978-0-930233-44-0 |location=Brightwaters, NY}}</ref> in 1990, used Elliott wave theory to present the first scientific and objective approach to market forecasting.{{cn|date=September 2024}} Around 1980, Neely devoted his career to Elliott wave research and a couple years later, applied what he learned by teaching the application of Elliott wave principle in real-time market analysis.{{cn|date=September 2024}} Over time, Neely's teaching method evolved to include his own wave theory called Neowave (which is an extension of Elliott wave).{{cn|date=September 2024}} The additional Neowave theory and rules help correct the contradictions created in Elliott wave theory which consists of different rules defining simple impulse patterns of the stock market waves.{{cn|date=September 2024}} Under Neowave theory, the major new wave patterns discovered are: neutral triangle, diametric formation, symmetrical formation, extracting triangle, 3rd-extension terminal with 5th failure, and reverse alternation.{{cn|date=September 2024}}