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.
Watch frequent CNBC contributor and EWI friend, Todd Gordon, walk you through his live Amazon (AMZN) and Lululemon Athletica (LULU) options trades. For this video, the LULU trade idea came from our own Trader's Classroom editor, Jeffrey Kennedy.
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.