(Video) Crude Oil: See How Elliott Waves Prepare You for Trend Changes
"Trend is your friend"? Yes -- but how do you know when a trend may end? Watch.
By Elliott Wave InternationalBack in February, when crude oil prices fell to $26 a barrel, you may remember a chorus of mainstream opinions suggesting that it had further to fall. Yet, oil prices shot up 60% since then.
And there's the rub: "The trend is your friend," goes the old trading adage -- but what if the trend is about to end as you're "befriending" it?
Elliott wave analysis is uniquely positioned to give you ample warning when that happens. As the editor of our Trader's Classroom service, Jeffrey Kennedy, puts it,
"One of the many benefits of the Wave Principle is that it allows us the ability to determine the maturity of a trend."Watch this clip from Jeffrey's January 11 Trader's Classroom episode, where he shows you how ending Elliott wave patterns at multiple degrees of trend prepared his subscribers for the big bullish turn in oil.
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