This is the technical analysis method used by many market traders and it both predicted this week's market plunge as well as described its form, and is currently forecasting a further plunge next week.
For economics I would look for any youtube talk by Prof. Steven Keen - he accounts for debt that most mainstream economists ignore.
Elliot Wave analysis is harmful, do not engage with it. I have friends that have lost a lot of money trying to follow it. It has 0 scientific background, it’s not more than astrology applied to finance. Please don’t spread these things, be responsible.
Do flocks of birds or schools of fish fly or swim in random directions? Or do they swarm together in discernible patterns? At core we share similar brain structures with them.
There's a gargantuan step to be made between saying "there are _some_ similarities between human and fish brains" to "the stock market behaves non-randomly like a school of fish". And an even bigger one to saying "The non-random patterns in the stock market can be divined with TA".
Forecast is actually for a 3rd of 3rd wave down which is likely to be larger than anything seen so far maybe 15% + over one or two days, and then the midpoint of that should be the halfway point from the Feb 19th top to the eventual first big low point.
The best thing I can say about the "waves" woo is that it forces you to wait for pullbacks in trends with the best risk reward ratio. So when it works it seems magical but retracements to fibonacci levels have been disproven time and again, with 50% being the only reliable rule of thumb, statistically speaking.
I get the principle, and it's appealing in theory, but it's far from statistically proven. If you want some other 20th century technical analysis that holds a little more water you can try Wyckoff. The supply and demand basics give a nice overview of how moves are formed and are pretty timeless.
Although there's very little predicting when the Fed will drop several trillion into the market, or when Trump has another tweetrage, so most bets are off for predicting day to day at the moment. Following trends and understanding why the consensus has formed, however, is not a terrible plan.
Perhaps more relevant to OP would be reading Wikipedia pages on money supply, currency pegging and gold backing and the interplay between interest rates and local Vs global economies. I'd guess most of what you need to know is clearly explained on Wikipedia. Given how few economists actually manage to forecast anything I'd be wary of putting much store in any one book.
https://epdf.pub/queue/elliott-wave-principle-key-to-market-...
This is the technical analysis method used by many market traders and it both predicted this week's market plunge as well as described its form, and is currently forecasting a further plunge next week.
For economics I would look for any youtube talk by Prof. Steven Keen - he accounts for debt that most mainstream economists ignore.