Elliott Wave International

Online Trading Course

The Basics of the Wave Principle

Instructor — Wayne Gorman
Level — Beginner
Running Time — 1 hour, 30 minutes
Price — $79
Description — Senior Tutorial Instructor Wayne Gorman walks you carefully through the rules and guidelines, wave structures and personalities, Fibonacci relationships and more. This self-paced, video-based course is a great place to kick off your Elliott wave education, or to refresh your knowledge of the basics. Convenient, direct access to each specific lesson makes it a valuable reference tool as well.

Here’s what you learn:

  • Ralph N. Elliott’s discovery that markets are patterned
  • The significance of the fractal nature of the Wave Principle
  • How the Wave Principle can be used to predict market direction and turning points
  • Characteristics of motive waves – impulse and diagonal triangles
  • Characteristics of impulse waves – extensions and truncations
  • How to count waves correctly and avoid common counting mistakes
  • Characteristics of corrective waves – zigzags, flats, triangles and combinations
  • The three rules of the Wave Principle and how to apply them
  • Wave guidelines that help to anticipate wave distance, form and termination points – equality, alternation, depth, channeling, throw-over, volume, and post-triangle thrust measurement
  • Wave personalities – the connection between wave position and mass psychology
  • Fibonacci relationships and how to use them to anticipate price movement in motive waves and corrective waves
  • Fibonacci multiples, retracements and time relationships

Access this course now for $79

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To order access to your trading courses via phone, call EWI Customer Service at 800-336-1618 (from within U.S.) or 770-536-0309 (from outside U.S.). Please mention code: OCOMI

Wayne Gorman, Senior Tutorial Instructor, EWI's Trading Education TeamWayne Gorman has more than 25 years of experience in trading, forecasting and portfolio management, and has been using the Wave Principle since 1986. Wayne heads up EWI's Trading Education Team.

Here’s how it works:

You receive immediate access to the trading course. It's delivered to your desktop in professional-quality Flash video format.

You view and review the trading course on demand — as often as you like, whenever you like.

You download and print the presentation slides so you can take notes as you view the trading course.

You access the exclusive Online Q&A Forum, where you see answers to questions from other traders.

You can submit your questions re: the trading course material to EWI's Trading Education Team anytime.