Support and resistance are two crucial terms for a technical analyst to understand binary options trading. In fact, without getting to grips with base support and resistance, any technical analysis is almost impossible. They are the backbone of an asset chart. They indicate strongly what behavior is occurring. Support Support is a level depicted on […]
S&P Final Wave Up?
March 6, 2013 by Leave a Comment
In the Elliott Wave model, market prices alternate between the primary trend (or impulsive) and the corrective phase. Impulse waves are always subdivided into a set of 5 lower-degree waves. Corrective waves subdivide into 3 smaller-degree waves. In a bull market the dominant direction is upward so the five waves would be upward. In a bear market […]
3 Rules that Govern Impulse Waves
February 21, 2013 by Leave a Comment
In this article by Elliott Wave International, three rules that govern impulse waves are clearly displayed and explained. If you have any questions or comments about the Elliott Wave Principle, Fibonacci multiples or impulse waves, please post your comments below. We’d love to hear from you. ~ editor A Classic Impulse Wave in General Electric […]
Moving Averages Can Identify a Trade
February 1, 2013 by Leave a Comment
These 3 charts help you understand how moving averages work Moving averages are a popular tool for technical traders because they can “smooth” price fluctuations in any chart. EWI Senior Analyst Jeffrey Kennedy gives a clear definition: “A moving average is simply the average value of data over a specified time period, and it is […]
Risk Management for Technical Traders [Interview Excerpt]
January 16, 2013 by Leave a Comment
Tips from EWI Senior Analyst Jeffrey Kennedy’s Stocks and Commodities interview By Elliott Wave International If you trade with Elliott wave analysis, your trading decisions are all about the difference between where the market is vs. where it will be. According to Jeffrey Kennedy, editor of our Elliott Wave Junctures service, risk management skills are […]
Why Should I Learn Elliott Wave Theory
January 11, 2013 by Leave a Comment
My name is Lisa McMahon and I have not written for Elliott Wave University before. I am, however, the webmaster of this site as well as the wife of the editor, Tim McMahon. While we have mostly published other people’s work, we have seldom published original articles devoted to this topic. When we first decided […]
Learn to Label Elliott Waves More Accurately
January 4, 2013 by
EWI Senior Analyst Jeffrey Kennedy shows you how to use momentum patterns to confirm your count Are you looking for an easy way to improve your confidence as you analyze the charts you trade? Take a quick look at this chart (adapted from Jeffrey Kennedy’s December 26 Elliott Wave Junctures lesson) to see how divergence […]
Don’t Trade Forex Looking in the Rearview Mirror
December 28, 2012 by
The foreign exchange (forex) market has a huge trading volume giving it high liquidity and making it the largest asset class in the world. Unlike individual exchanges like the London or New York stock exchange it is geographically diverse and operates continuously 24 hours a day (except on weekends). It also encompasses a variety of factors that affect exchange rates. It […]
The Gartley Fibonacci Butterfly Price Pattern and the Butterfly Put
December 22, 2012 by
The following article was written by J.W. Jones and originally published in Options Trading Signals. It explains not only the Gartley Fibonacci Bearish Butterfly Price Pattern but how to trade it using a put butterfly option configuration. What exactly is a Gartley Fibonacci Bearish Butterfly, you might ask? Well read on and you will find out. […]
Market Sentiment Analysis: Spotting a Shift in Sentiment is Key
December 18, 2012 by
Don’t follow the crowd- By analyzing market sentiment astute traders can spot subtle shifts ahead of the crowd in order to open the floodgates to massive profits. We’ve all heard the old mantra “Buy Low, Sell High” but logically that means that we have to buy when everyone else is selling or better yet, after everyone […]
