One Way to Know When to Rejoin the Larger Trend

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One Way to Know When to Rejoin the Larger Trend
The August 10 Elliott Wave Junctures video lesson explains how corrective waves are a strong tip-off that the larger trend is about to resume

By Nico Isaac
Thu, 16 Aug 2012 16:45:00 ET

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While I was watching the 2012 London Olympics sprints and relay events last week, I found myself glued to the television set during those downtimes when the footage was focused on the athletes OFF the track.

There, on the sidelines, as they stretched, did jumping jacks, retied and tightened their laces, meditated, and simply shook their heads back and forth to psych up for the next race. I wondered: What goes through Usain Bolt’s mind when he’s standing still… waiting.

And then, it’s show time. Heads clear, the runners line up at the starters blocks, the official fires the starter’s pistol, and the hours off the track are erased by the seconds on the track the athletes have to win the gold.

It all reminded me of the often intense, quiet interlude between near-term trading in financial markets – the downtime when a trader is sitting on the sidelines stretching his technical muscle, waiting to rejoin the larger trend and race to the finish line of opportunity.

Olympic athletes are lucky. They have a blaring pistol shot to let them know it’s time to get their head back in the game and GO!

What do traders have?

Well, in the August 10 Elliott Wave Junctures video lesson, EWI's senior analyst Jeffrey Kennedy reveals how one type of wave form is the “green flag” for traders to line up at the starters block: The corrective wave form.

This short but invaluable Elliott Wave Junctures is over in the time it takes a “slow” Olympian to finish the 800-meters (i.e., a bit over 2 minutes). And in that time, Jeffrey holds his viewers attention with these commit-to-memory details:

The 3 common types of Elliott wave corrective patterns and their definitions
The number of waves in each pattern’s subdivisions
The distinguishing characteristics of each pattern
The common relationships between waves
The difference between a “regular” and “expanded” flat
And much more

Did I mention Jeffrey provides you with a real-world example of each pattern on the actual price charts of major financial markets? 3 corrective wave patterns. 3 price charts, including this one illustrating the zigzag formation in the recent performance of the Euro/US Dollar currency pair:

As you can see, the completion of the zigzag in wave C was indicator number one that the market was about to retake the downside.

So, what are you waiting for? Don’t stay on the sidelines while opportunity passes you by. Learn the premium tools of one of EWI’s most proficient analysts Jeffrey Kennedy today via the brand-new, trader-focused Elliott Wave Junctures video service.

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Tags: Elliott wave, elliott wave junctures, Elliott Wave trading, euro, Jeffrey Kennedy, Traders, video

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