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June 23, 2016

Elliott Wave Principle: The Zigzag

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).


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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.

The views and opinions expressed herein are the author's own, and do not necessarily reflect those of EconMatters.

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