Reviewing the Basics of the Elliott Wave Principle: The Ending Diagonal
Free Lesson from Jeffrey Kennedy's Trader's Classroom
by Erin Hindes
Updated: May 03, 2016
The Wave Principle classifies price action as either motive or corrective. Motive waves move in the direction of the trend and include impulse waves and diagonals. Today, you can listen to a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you about basics of the ending diagonal and why this pattern is so dynamic. You'll then see an example in the chart of United States Steel Corporation (X).
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