Latest Videos

What An Island Reversal Is

12/1/2022 10:04:00 AM
Market: Indexes, Stocks, ETFs
Runtime: 10:05
Topics: Market Timing Techniques,Finding Opportunities,Entering positions,Exiting positions

Things to Remember

11/30/2022 12:45:00 PM
Market: NA 
Runtime: 15:31
Topics: Wave Counting,Finding Opportunities,Managing Risk

Just a Thought…

11/29/2022 10:47:00 AM
Market: NVR, SWN, MOH, TECK, UHAL, MELI, SEAS, JOUT, and BCPC 
Runtime: 12:12
Topics: Wave Counting,Finding Opportunities

We’re Always in a Rush!

11/25/2022 10:15:00 AM
Market: SWN and SU 
Runtime: 12:48
Topics: Managing Risk,Finding Opportunities

Simplicity Rules!

11/23/2022 11:07:00 AM
Market: BABA, and DVN 
Runtime: 12:24
Topics: Impulse,Wave Counting,Japanese Candlesticks,RSI/Stochastic

Subscriber Extras

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.

Trader Tools: How to Bolster Your Wave Count Using 'Classic' Indicators

U.S. Intraday Stocks Pro Service editor Robert Kelley shows you how to combine "classic" market indicators with Elliott waves in real time. You'll learn new, practical techniques that you can add to your toolbox right away.

Put the KSI Indicator to Work in Your Trading Plan

U.S. Intraday Stocks Pro Service Editor Robert Kelley walks you through the KSI indicator and shows you how to put it to work in your personal trading plan.

Sharpen Your Skills: Learn to Spot Big Tops in the S&P 500

U.S. Intraday Stocks Pro Service editor Robert Kelley shows you reliable indicators that have helped him spot big tops since the 2009 low. Learn what to look for when these indicators scream "Top!" Expect to come away with new tools to add to your trading arsenal.

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.

Settings

Theme

Desktop Alerts

Text Message Alerts

 Learning FundamentalsTruncation

Elliott used the word “failure” to describe a situation in which the fifth wave does not move beyond the end of the third. We prefer the less connotative term, “truncation,” or “truncated fifth.” A truncation can usually be verified by noting that the presumed fifth wave contains the necessary five subwaves, as illustrated in Figures 1 and 2. Truncation often occurs following a particularly strong third wave.

Truncation gives warning of underlying weakness or strength in the market. In application, a truncated fifth wave will often cut short an expected target. This annoyance is counterbalanced by its clear implications for persistence in the new direction of trend.

Key Takeaway: A truncation suggests underlying strength or weakness and an impending market reversal.

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

Figure 1 Figure 2

Video Topic: Truncation


Check Your Language

4/26/2022 11:39:00 AM
Market: AA, TWTR, and HUM 
Runtime: 18:28
Topics: Managing Risk,Impulse,Truncation

If You’re Not Doing This…You Should

11/6/2019 10:14:00 AM
Market: WFC, GLW, and CAT
Runtime: 21:05
Topics: Truncation,Triangles

Truncations – A Heads-Up for a Change of Trend

9/25/2019 9:35:00 AM
Market: BTC, ETH
Runtime: 05:04
Topics: Truncation

Paperwork

9/3/2019 10:57:00 AM
Market: CY, LRCX, EQIX, and JBL
Runtime: 18:20
Topics: Flats,Truncation,Elliott Wave Lesson