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Visual Guide to Elliott Wave Trading

Using more than 200 charts and 20 market examples, coauthors Jeffrey Kennedy and Wayne Gorman equip you with what you need to use the Wave Principle to spot market turning points and high-confidence trade setups in your own trading.

Elliott Wave Principle - Key to Market Behavior

Now in its 40th year, Elliott Wave Principle is one of the most popular market analysis books ever published. Amazon reviewers say, "Still the Classic and Essential Text for Elliott Wave Trading" and "This is the bible of the theory."

The Kennedy Channeling Technique

Watch Jeffrey demonstrate his own trend tool that helps identify and confirm Elliott wave counts.

The Wave Principle Applied

A great starter video. Jeffrey takes you through the basics of the Wave Principle and identifies his favorite trade setups in the wave patterns.

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 Learning FundamentalsAlternation

The guideline of alternation states that if wave two of an impulse is a sharp retracement, expect wave four to be a sideways correction, and vice versa. Figure 1 shows the most characteristic breakdowns of impulse waves, both up and down. Sharp corrections never include a new price extreme, i.e., one that lies beyond the orthodox end of the preceding impulse wave. They are almost always zigzags; occasionally they are double threes that begin with a zigzag. Sideways corrections include flats, triangles, and double and triple corrections. They usually include a new price extreme, i.e., one that lies beyond the orthodox end of the preceding impulse wave.

Key Takeaway: Lack of alternation can tip you off to an acceleration.

For a complete description, please read Elliott Wave Principle: Key to Market Behavior by Robert Prechter and A.J. Frost.

Figure 1

Video Topic: Alternation


The Importance of Aesthetics

7/17/2019 11:08:00 AM
Market: CNC and HUM
Runtime: 20:55
Topics: Alternation

Don’t Do It!

6/18/2019 10:54:00 AM
Market: E-mine S&P, XLF, QQQ, EBAY, and AMZN
Runtime: 23:09
Topics: Alternation

How Alternation Supports a Continuing Trend in Facebook Inc

10/22/2013 11:10:00 AM
Market:LNKD and FB
Runtime: 02:54
Topics: Alternation,Elliott Wave Lesson,Stock

Plotting Price Paths With Alternation

5/22/2013 11:24:00 AM
Market: WMT, IP and JYA
Runtime: 03:35
Topics: Alternation,Corrective Waves,Elliott Wave Lesson,Currency,Stock

Alternation Supports Higher Prices in NFLX

4/10/2013 11:50:00 AM
Market: GCA and NFLX
Runtime: 04:12
Topics: Alternation,Elliott Wave Lesson,Commodity,Stock

Plotting the Path of LinkedIn Using Alternation

4/3/2013 12:45:00 PM
Market: LVS and LNKD
Runtime: 03:33
Topics: Alternation,Elliott Wave Lesson,Stock

Alternation in Akamai Technologies Inc. and Gold

1/14/2013 12:05:00 PM
Market: KO, AKAM, F and GCA
Runtime: 04:51
Topics: Alternation,Elliott Wave Lesson,Commodity,Stock

Using Alternation to Plan your Analysis and Trading

7/16/2012 12:10:00 PM
Market: AA, WMT, LNKD and HO
Runtime: 05:07
Topics: Elliott Wave Lesson,Stock,Alternation,Wave Counting