Senior Analyst Jeffrey Kennedy outlines three important Elliott wave patterns in three markets

See how three Elliott wave patterns develop -- in Cliffs Natural Resources Inc (CLF), iShares Russell 2000 Index (IWM) and Direxion Daily Financial Bull 3X Shares (FAS) -- in this classic 5-minute video excerpt from Jeffrey Kennedy's Trader's Classroom service.

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This article was syndicated by Elliott Wave International and was originally published under the headline Learn the Basics of Corrective Waves. 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.