Here are a couple recent updates from Elliott Wave Internation, and a couple new offers.
By Elliott Wave International
When you are new to trading with Elliott Waves, it can take some time before each pattern is easy to recognize and understand. But as with new music, the more you listen the more the particular rhythm and meaning stand out.
There may be as many approaches to market forecasting as there are genres of music, yet once you find a style that you like — in trading or in tunes — the patterns that drive each move (whether it's a pip or a note) become evident.
When it comes to Elliott Wave analysis, one of the foundational "beats" in any market is the zigzag. And when you're just starting to find your trading groove, it's important to understand how these corrective patterns unfold.
Last week you learned what the zigzag shape looks like, in contrast to the other sideways structures (if you missed it, watch here >>)…
Now, take a look at the three types of zigzags — and, so that you don't miss a beat, learn why double and triple zigzags exist.
(Note: If you are interested in getting a strong foundation in the Wave Principle, check out our free Elliott Wave Tutorial — find out how below.)
To be a consistently successful Elliott trader, you need to be able keep up with the rhythm of the market.
Ready to rock and roll?
Take the next step in educating yourself about the basics of the Wave Principle – access the FREE Online Tutorial from Elliott Wave International.
The Elliott Wave Basic Tutorial is a 10-lesson comprehensive online course with the same content you'd receive in a formal training class — but you can learn at your own pace and review the material as many times as you like! Get 10 FREE Lessons on The Elliott Wave Principle that Will Change the Way You Invest Forever >>
The market's main trend stays the same.
Elliott Wave International has long observed that external events do not alter the dominant trend of financial markets — not even major events like wars, natural disasters, terrorist attacks, political assassinations or any other news that makes headlines.
Now, it is true that news can sometimes have a near-term effect on market prices.
The July 26 opening bell is an example.
Dow Surges 200 Points on Draghi Comments, Jobless Claims
That's from The Wall Street Journal. The text reads:
Europe's top central banker sparked a global rally in stocks after reassuring investors the Continent's central bank would be vigilant about holding together the euro zone…. European Central Bank President Mario Draghi…said the ECB is ready to do whatever it takes to preserve the common-currency union.
The article adds that "the number of U.S. workers filing for unemployment benefits fell for the fourth time in five weeks, to a level that was far lower than expected."
EWI expected a near-term bounce in stock prices — just one day ago.
On July 25, EWI's Financial Forecast Short Term Update said this to subscribers:
Near term, there may be a few more days of bounce. The stock market is setting the stage…
The Update went on to describe what the stock market is setting the stage for. It is not what most investors expect.
The pattern in the major U.S. stock indexes has been 80 years in the making — which is to say, the pattern is unfolding at a large degree of trend.
You Can Be Ready for the Market Changes Ahead.
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You'll get some of the most groundbreaking and eye-opening reports ever published in Elliott Wave International's 30-year history; you'll also get analysis, forecasts and commentary regarding today's tumultuous market.