Crude Oil: See How Elliott Waves Prepare You for Trend Changes

By: Elliott Wave International | Tue, Apr 26, 2016
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"Trend is your friend"? Yes -- but how do you know when a trend may end? Watch.

Back in February, when crude oil prices fell to $26 a barrel, you may remember a chorus of mainstream opinions suggesting that it had further to fall. Yet, oil prices shot up 60% since then.

And there's the rub: "The trend is your friend," goes the old trading adage -- but what if the trend is about to end as you're "befriending" it?

Elliott wave analysis is uniquely positioned to give you ample warning when that happens. As the editor of our Trader's Classroom service, Jeffrey Kennedy, puts it,

"One of the many benefits of the Wave Principle is that it allows us the ability to determine the maturity of a trend."

Watch this clip from Jeffrey's January 11 Trader's Classroom episode, where he shows you how ending Elliott wave patterns at multiple degrees of trend prepared his subscribers for the big bullish turn in oil.

 


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  1. Identifies the trend
  2. Identifies the countertrend
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  5. Provides specific points of ruin

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This article was syndicated by Elliott Wave International and was originally published under the headline (Video) Crude Oil: See How Elliott Waves Prepare You for Trend Changes. 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.

 


 

Elliott Wave International

Author: Elliott Wave International

Elliott Wave International

Robert Prechter, Chartered Market Technician, is the founder and CEO of Elliott Wave International, author of Wall Street best-sellers Conquer the Crash and Elliott Wave Principle and editor of The Elliott Wave Theorist monthly market letter since 1979.

Elliott Wave International (EWI) is the world's largest market forecasting firm. EWI's 20-plus analysts provide around-the-clock forecasts of every major market in the world via the internet and proprietary web systems like Reuters and Bloomberg. EWI's educational services include conferences, workshops, webinars, video tapes, special reports, books and one of the internet's richest free content programs, Club EWI.

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