Basic Wave Patterns: How a Zig Zag Differs from a Flat

By Elliott Wave InternationalThe big picture for Elliott wave analysis is five-wave patterns followed by three-wave patterns. Let's look at the three-wave corrections more closely to get a bead on how they differ from one another. This excerpt from EWI's Basic Tutorial describes in detail what you need to know about so-called zigzag and flat corrections to be able to recognize them on a price chart....

How a Simple Line Can Improve Your Trading Success

By Elliott Wave InternationalThe following trading lesson has been adapted from Jeffrey Kennedy's eBook, Trading the Line – 5 Ways You Can Use Trendlines to Improve Your Trading Decisions. Now through February 7, you can download the 14-page eBook free. Learn more here."How to draw a trendline" is one of the first things people learn when they study technical analysis. Typically, they quickly move...