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.)

Continue Your Education on Impulse Waves with this FREE Online Course!

For a very limited time, you can get free access to our online course, “How to Spot and Capitalize on Impulse Waves.” ($99 value)

In about 1 hour, you’ll learn:

1. “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.
2. “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”!)
3. “Are there variations?” — Most impulse waves are simple, but some are… well, different. You’ll see how to quickly distinguish one from another.

Start Watching Now