Special offer for WaveTraders.com visitors: Get 20% off this course and catapult your Elliott wave education with the world’s largest technical analysis firm Elliott Wave International.
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.
- Level: Beginner
- Format: On-Demand Course | 1 hour 30 minutes | Captions: English, Arabic
- Your Instructor: Wayne Gorman
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, CEWA-M, is a 40-year veteran risk manager and trader. He traded full-time with his own capital for almost five years before he joined Citibank, where he managed trading positions in money markets and derivatives. Wayne co-authored the Amazon best-seller Visual Guide to Elliott Wave Trading (2013) and has conducted multiple EWI trading tutorials.
On-Demand Course
1 hour | Beginner