By Elliott Wave International
In his Trader’s Classroom and Commodity Junctures services, master instructor Jeffrey Kennedy often uses traditional technical indicators with the Wave Principle to add confidence to his analysis. He starts with his Elliott wave count, then looks at technical indicators such as RSI and MACD to “build a case” for his outlook.
Watch this 5 minute video to see the process he goes through to identify high-confidence trade setups.
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Test Your Elliott Wave Counting Skills Now! It’s easy to get overwhelmed with counting Elliott waves. We understand that so we challenge you to test out your wave counting skills on the charts in this resource. We’ll show you a chart and then you can print it to label it and, finally, check the answer and explanation. You’ll find some charts to be rather basic and others to present a bit of a challenge. It doesn’t matter if you’re a novice or experienced Elliottician, the more you practice the better you’ll become at identifying waves. |
This article was syndicated by Elliott Wave International and was originally published under the headline The Wave Principle + Technical Indicators = High-Confidence Trade Setups. 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.