The Basics of the Wave Principle

This course is one of the best ways to kick off your Elliott wave education, or to refresh your knowledge of the basics.

  • Format: On-Demand Course | 1 hour 30 minutes
  • Instructor: Wayne Gorman
  • Level: Beginner

Or, get this course free with any other On-Demand Course purchase. See the selection of other available courses.

Learn the rules and guidelines that make Elliott Wave such a powerful tool

In this course, Senior Tutorial Instructor Wayne Gorman walks you carefully through the rules and guidelines, wave structures and personalities, Fibonacci relationships and more. Wayne's easy-to-follow instruction makes this course an ideal starting point if you're learning Elliott for the first time or need a refresher on the basic tenets.

Here's what you'll learn:

  • How the Wave Principle can be used to predict market direction and turning points
  • Characteristics of motive and corrective waves
  • How to count waves correctly and avoid common counting mistakes
  • The three rules of the Wave Principle and how to apply them
  • Wave guidelines that help you anticipate wave distance, form and termination points
  • Wave personalities -- the connection between wave position and mass psychology
  • Fibonacci relationships and how to use them to anticipate price movement
  • Fibonacci multiples, retracements and time relationships

Meet Your Instructor

Wayne Gorman

Wayne Gorman Senior Tutorial Instructor

Wayne Gorman, CEWA-M, is head of EWI's Educational Resources. With more than 40 years of experience as a risk manager and trader, he began his career at Citibank where he managed trading positions in money markets and derivatives. He traded full time with his own capital for more than four years before joining Elliott Wave International.


Start Your Course Now:

On-Demand Course

1 hour | Beginner

Price: $79

Order by Representative Mon-Fri, 8am-5pm EST
Contact EWI Customer Care at 800-336-1618 or 770-536-0309 (Internationally) or Online Chat and you will get a fast, friendly, knowledgeable person to assist you. Please be sure to mention code: SCS