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The Wave Principle + Technical Indicators = High-Confidence Trade Setups

See how to pair RSI and MACD with Elliott waves

by Erin Hindes
Updated: May 09, 2016

In his Trader's Classroom and Commodity Junctures services, master instructor Jeffrey Kennedy often uses traditional technical indicators with the Wave Principle to add confidence to his analysis. He starts with his Elliott wave count, then looks at technical indicators such as RSI and MACD to "build a case" for his outlook.

Watch this 5 minute video to see the process he goes through to identify high-confidence trade setups.

Test Your Wave Counting Skills

It doesn't matter if you're a novice or experienced Elliottician, the more you practice the better you'll become at identifying waves. Take the challenge and test your wave counting skills on the charts in this free resource.