FX, Stocks, Commodities, Cryptos… Learn How to Know When This Key Price Pattern is Over (Video)
By Elliott Wave International
“12345-ABC.” That’s a basic Elliott wave pattern in a nutshell. That “12345” is a so-called impulse, and it’s a key price pattern to know, because impulses point in the direction of the larger trend. In this clip from a recent Trader’s Classroom lesson, host Favio Poci shows you step-by-step how to spot an impulse and know when it’s likely over. (Market in focus: EUR/CHF, but you can apply this to any liquid market.)
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In about 1 hour, you’ll learn:
- “What do I look for?” — just what, exactly, should you look for on a price chart? See an easy way to spot an impulse wave.
- “What does it tell me?” — Impulse waves are great at showing you the direction of the larger trend (which, as you know, is “your friend”!)
- “Are there variations?” — Most impulse waves are simple, but some are… well, different. You’ll see how to quickly distinguish one from another.