Reviewing the Basics of the Elliott Wave Principle: The Zigzag
Free Lesson from Jeffrey Kennedy's Trader's Classroom
By Elliott Wave International
The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They offer traders an opportunity to rejoin the larger trend. Today, you can listen to a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you the basics of the zigzag and shows an example in the chart of Microsoft Corporation (MSFT). | 10 Lessons that Will Change the Way You Invest Forever Get your free Elliott Wave Tutorial now to learn the Elliott Wave Principle and how to apply it to your charts to improve your investing and trading. Take the entire online course, which is based on Frost & Prechter's classic text, Elliott Wave Principle: Key to Market Behavior. Start your free tutorial now |
This article was syndicated by Elliott Wave International and was originally published under the headline Reviewing the Basics of the Elliott Wave Principle: The Zigzag. EWI is the world's largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.
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