{"id":"https://openalex.org/W2790121188","doi":"https://doi.org/10.3233/jifs-17108","title":"Elliott wave theory and the Fibonacci sequence-gray model and their application in Chinese stock market","display_name":"Elliott wave theory and the Fibonacci sequence-gray model and their application in Chinese stock market","publication_year":2018,"publication_date":"2018-03-22","ids":{"openalex":"https://openalex.org/W2790121188","doi":"https://doi.org/10.3233/jifs-17108","mag":"2790121188"},"language":"en","primary_location":{"id":"doi:10.3233/jifs-17108","is_oa":false,"landing_page_url":"https://doi.org/10.3233/jifs-17108","pdf_url":null,"source":{"id":"https://openalex.org/S179157397","display_name":"Journal of Intelligent & Fuzzy Systems","issn_l":"1064-1246","issn":["1064-1246","1875-8967"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318577","host_organization_name":"IOS Press","host_organization_lineage":["https://openalex.org/P4310318577"],"host_organization_lineage_names":["IOS Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Intelligent &amp; Fuzzy Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5034057704","display_name":"Huiming Duan","orcid":"https://orcid.org/0000-0003-3458-3905"},"institutions":[{"id":"https://openalex.org/I10535382","display_name":"Chongqing University of Posts and Telecommunications","ror":"https://ror.org/03dgaqz26","country_code":"CN","type":"education","lineage":["https://openalex.org/I10535382"]},{"id":"https://openalex.org/I196699116","display_name":"Wuhan University of Technology","ror":"https://ror.org/03fe7t173","country_code":"CN","type":"education","lineage":["https://openalex.org/I196699116"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Huiming Duan","raw_affiliation_strings":["College of Science, Chongqing University of Posts and Telecommunications, Chongqing, China","School of Science, Wuhan University of Technology, Wuhan, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Science, Chongqing University of Posts and Telecommunications, Chongqing, China","institution_ids":["https://openalex.org/I10535382"]},{"raw_affiliation_string":"School of Science, Wuhan University of Technology, Wuhan, China","institution_ids":["https://openalex.org/I196699116"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5103253232","display_name":"Xinping Xiao","orcid":"https://orcid.org/0000-0002-9615-501X"},"institutions":[{"id":"https://openalex.org/I196699116","display_name":"Wuhan University of Technology","ror":"https://ror.org/03fe7t173","country_code":"CN","type":"education","lineage":["https://openalex.org/I196699116"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Xinping Xiao","raw_affiliation_strings":["School of Science, Wuhan University of Technology, Wuhan, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Science, Wuhan University of Technology, Wuhan, China","institution_ids":["https://openalex.org/I196699116"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5101981281","display_name":"Jinwei Yang","orcid":"https://orcid.org/0000-0001-8714-3220"},"institutions":[{"id":"https://openalex.org/I196699116","display_name":"Wuhan University of Technology","ror":"https://ror.org/03fe7t173","country_code":"CN","type":"education","lineage":["https://openalex.org/I196699116"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Jinwei Yang","raw_affiliation_strings":["School of Science, Wuhan University of Technology, Wuhan, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Science, Wuhan University of Technology, Wuhan, China","institution_ids":["https://openalex.org/I196699116"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5052886607","display_name":"Bo Zeng","orcid":"https://orcid.org/0000-0002-3869-6555"},"institutions":[{"id":"https://openalex.org/I145581781","display_name":"Chongqing Technology and Business University","ror":"https://ror.org/05hqf1284","country_code":"CN","type":"education","lineage":["https://openalex.org/I145581781"]}],"countries":["CN"],"is_corresponding":false,"raw_author_name":"Bo Zeng","raw_affiliation_strings":["College of Business Planning, Chongqing Technology and Business University, Chongqing, China"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"College of Business Planning, Chongqing Technology and Business University, Chongqing, China","institution_ids":["https://openalex.org/I145581781"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5103253232"],"corresponding_institution_ids":["https://openalex.org/I196699116"],"apc_list":null,"apc_paid":null,"fwci":1.0615,"has_fulltext":false,"cited_by_count":13,"citation_normalized_percentile":{"value":0.79125217,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"34","issue":"3","first_page":"1813","last_page":"1825"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12368","display_name":"Grey System Theory Applications","score":0.9979000091552734,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12368","display_name":"Grey System Theory Applications","score":0.9979000091552734,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11326","display_name":"Stock Market Forecasting Methods","score":0.9758999943733215,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/fibonacci-number","display_name":"Fibonacci number","score":0.7656571865081787},{"id":"https://openalex.org/keywords/inflection-point","display_name":"Inflection point","score":0.7216970324516296},{"id":"https://openalex.org/keywords/composite-index","display_name":"Composite index","score":0.5784258246421814},{"id":"https://openalex.org/keywords/gray","display_name":"Gray (unit)","score":0.5500213503837585},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.48940959572792053},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.44519102573394775},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.43934279680252075},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.3973063826560974},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.3654250502586365},{"id":"https://openalex.org/keywords/geology","display_name":"Geology","score":0.18565142154693604},{"id":"https://openalex.org/keywords/geometry","display_name":"Geometry","score":0.1385488212108612},{"id":"https://openalex.org/keywords/discrete-mathematics","display_name":"Discrete mathematics","score":0.12203434109687805}],"concepts":[{"id":"https://openalex.org/C173734053","wikidata":"https://www.wikidata.org/wiki/Q47577","display_name":"Fibonacci number","level":2,"score":0.7656571865081787},{"id":"https://openalex.org/C74545648","wikidata":"https://www.wikidata.org/wiki/Q212794","display_name":"Inflection point","level":2,"score":0.7216970324516296},{"id":"https://openalex.org/C2778098375","wikidata":"https://www.wikidata.org/wiki/Q19596433","display_name":"Composite index","level":3,"score":0.5784258246421814},{"id":"https://openalex.org/C166275286","wikidata":"https://www.wikidata.org/wiki/Q190095","display_name":"Gray (unit)","level":2,"score":0.5500213503837585},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.48940959572792053},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.44519102573394775},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.43934279680252075},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.3973063826560974},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.3654250502586365},{"id":"https://openalex.org/C127313418","wikidata":"https://www.wikidata.org/wiki/Q1069","display_name":"Geology","level":0,"score":0.18565142154693604},{"id":"https://openalex.org/C2524010","wikidata":"https://www.wikidata.org/wiki/Q8087","display_name":"Geometry","level":1,"score":0.1385488212108612},{"id":"https://openalex.org/C118615104","wikidata":"https://www.wikidata.org/wiki/Q121416","display_name":"Discrete mathematics","level":1,"score":0.12203434109687805},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.0},{"id":"https://openalex.org/C126838900","wikidata":"https://www.wikidata.org/wiki/Q77604","display_name":"Radiology","level":1,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0},{"id":"https://openalex.org/C2992405062","wikidata":"https://www.wikidata.org/wiki/Q18208028","display_name":"Composite indicator","level":2,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.3233/jifs-17108","is_oa":false,"landing_page_url":"https://doi.org/10.3233/jifs-17108","pdf_url":null,"source":{"id":"https://openalex.org/S179157397","display_name":"Journal of Intelligent & Fuzzy Systems","issn_l":"1064-1246","issn":["1064-1246","1875-8967"],"is_oa":false,"is_in_doaj":false,"is_core":true,"host_organization":"https://openalex.org/P4310318577","host_organization_name":"IOS Press","host_organization_lineage":["https://openalex.org/P4310318577"],"host_organization_lineage_names":["IOS Press"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Intelligent &amp; Fuzzy Systems","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320321001","display_name":"National Natural Science Foundation of China","ror":"https://ror.org/01h0zpd94"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":44,"referenced_works":["https://openalex.org/W21860402","https://openalex.org/W773919218","https://openalex.org/W1586381525","https://openalex.org/W1870769480","https://openalex.org/W1964585049","https://openalex.org/W1979575715","https://openalex.org/W1990130612","https://openalex.org/W1997994299","https://openalex.org/W1999996900","https://openalex.org/W2019560726","https://openalex.org/W2031404163","https://openalex.org/W2047559644","https://openalex.org/W2058756232","https://openalex.org/W2064395535","https://openalex.org/W2070792078","https://openalex.org/W2079087141","https://openalex.org/W2085463545","https://openalex.org/W2087367085","https://openalex.org/W2092624117","https://openalex.org/W2185239270","https://openalex.org/W2218802200","https://openalex.org/W2261233885","https://openalex.org/W2278082783","https://openalex.org/W2313953460","https://openalex.org/W2315442006","https://openalex.org/W2331687785","https://openalex.org/W2340494682","https://openalex.org/W2342273427","https://openalex.org/W2346994564","https://openalex.org/W2392897035","https://openalex.org/W2394226702","https://openalex.org/W2432465520","https://openalex.org/W2462901270","https://openalex.org/W2468392024","https://openalex.org/W2474895418","https://openalex.org/W2494809744","https://openalex.org/W2519495342","https://openalex.org/W2549389111","https://openalex.org/W2566234880","https://openalex.org/W2582365220","https://openalex.org/W2593794846","https://openalex.org/W3123293724","https://openalex.org/W3138350997","https://openalex.org/W6668291344"],"related_works":["https://openalex.org/W2793885898","https://openalex.org/W2905334052","https://openalex.org/W2600658374","https://openalex.org/W2602439292","https://openalex.org/W2242545088","https://openalex.org/W2311934144","https://openalex.org/W2752958683","https://openalex.org/W3013626938","https://openalex.org/W886058393","https://openalex.org/W2790121188"],"abstract_inverted_index":{"Elliott":[0,29,120,146,204],"Wave":[1,30,147],"Theory":[2,31,148],"has":[3,20],"the":[4,13,15,47,51,55,63,67,86,93,115,119,126,131,141,150,155,159,163,166,170,178,193,197,203,210,216,221,230,242,252,268],"advantages":[5],"of":[6,66,114,118,158,169,196,229,270],"universality":[7],"and":[8,19,36,50,106,149,162,185,192,215,226,255,274,277],"accuracy.":[9],"It":[10],"accurately":[11,81],"depicts":[12],"way":[14],"stock":[16,68,271,280],"market":[17,27,69],"works":[18],"become":[21],"an":[22,247],"important":[23,42,156,194],"tool":[24],"in":[25,92],"securities":[26],"modeling.":[28,138],"includes":[32],"five":[33],"rising":[34,224],"waves":[35,225,228],"three":[37],"descending":[38],"waves,":[39],"which":[40,102],"have":[41],"quantitative":[43],"features":[44],"related":[45],"to":[46,70,89,129,140,251],"Fibonacci":[48,151,160],"series":[49],"golden":[52,164],"ratio.":[53],"At":[54],"same":[56],"time,":[57],"China\u2019s":[58,75],"Shanghai":[59,76,212],"Composite":[60,77,213],"Index":[61,78],"reflects":[62],"systemic":[64],"risk":[65,91],"a":[71],"certain":[72],"extent.":[73],"If":[74],"could":[79,84],"be":[80],"predicted,":[82],"we":[83],"take":[85],"necessary":[87],"precautions":[88],"prevent":[90],"system.":[94],"Therefore,":[95],"this":[96],"paper":[97],"uses":[98],"gray":[99,137,171],"model":[100,175,244,249,261],"features,":[101],"are":[103,123,190,200,233],"highly":[104],"adaptable":[105],"can":[107,245,262],"handle":[108],"parameter":[109],"changes.":[110],"The":[111,238,259],"cross-sectional":[112],"data":[113,128,219,253],"inflection":[116,217],"points":[117],"wave":[121,205,231],"line":[122,206,232],"selected":[124],"as":[125,235],"original":[127],"fit":[130],"small":[132],"sample":[133],"number":[134],"required":[135],"for":[136,220,267,279],"According":[139],"special":[142],"mapping":[143],"relationship":[144],"between":[145],"sequence,":[152],"by":[153],"combining":[154],"properties":[157,195],"sequence":[161],"ratio,":[165],"background":[167],"value":[168],"GM":[172,184,189],"(1,":[173],"1)":[174],"is":[176,207,256],"optimized,":[177],"new":[179,198,243,260,265],"models":[180,199],"F":[181,186],"1":[182],"-":[183,188],"2":[187],"presented,":[191],"studied.":[201],"Finally,":[202],"drawn":[208],"using":[209],"Chinese":[211],"Index,":[214],"point":[218],"whole":[222],"wave,":[223],"falling":[227],"used":[234],"empirical":[236],"data.":[237],"results":[239],"show":[240],"that":[241],"choose":[246],"optimal":[248],"according":[250],"characteristics":[254],"more":[257],"effective.":[258],"also":[263],"provide":[264,275],"information":[266],"forecasting":[269],"price":[272,281],"indexes":[273],"help":[276],"reference":[278],"index":[282],"forecasts.":[283]},"counts_by_year":[{"year":2024,"cited_by_count":2},{"year":2023,"cited_by_count":4},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":4},{"year":2020,"cited_by_count":1}],"updated_date":"2026-05-21T06:26:12.895304","created_date":"2025-10-10T00:00:00"}
