You can use Elliott wave analysis to help you trade the markets objectively. It helps you identify trends and turning points, find realistic price targets and manage risk with precise stop-loss levels -- putting you miles ahead of other traders.
This video lesson gives you tips on how to use a simple and effective trend-change indicator: the Relative Strength Index (RSI). You'll also see an example of this technical analysis tool in action: Halliburton Company (NYSE:HAL).
How do you know the right time to exit when price action goes your way? While no forecasting method guarantees that you buy at the absolute low and sell at the absolute high, Elliott wave analysis -- and, specifically, Fibonacci relationships between waves -- can help you identify high-probability price targets.