• 12 hours Americans Are Sick Of Unfair Taxation
  • 3 days No Jab, No Job: The New Hardline Policy of U.S. Employers
  • 5 days What’s Included In Biden’s $6 Trillion Economic Plan?
  • 6 days The “Great Car Comeback” Brightens Oil Demand Outlook
  • 7 days The 3 Most Profitable Covid-19 Vaccine Stocks
  • 9 days Beijing Launches Digital Currency To Break AliPay-WeChat Duopoly
  • 10 days The New Economic World Order After Covid-19
  • 14 days 3 Signals To Watch For A Stock Market Correction
  • 16 days Netflix Earnings Red Alert: Subscriptions Could Underwhelm
  • 17 days Wall Street Banks Are Back
  • 17 days Elon Musk’s SpaceX Scores Big Win Over Jeff Bezos’ Blue Origin
  • 18 days Which Country Is The World’s Largest Investor In Batteries?
  • 19 days Are Bitcoin’s Environmental Risks Overblown?
  • 20 days Why The Gold Rush Ran Out Of Steam
  • 22 days Coinbase IPO Explodes, But Fails To Keep Its Momentum
  • 23 days China Slaps Alibaba With Record $2.75B Antitrust Fine
  • 24 days The Pandemic Has Culled The Middle Class
  • 25 days Legacy Automakers See Massive Spike In Sales
  • 26 days Tesla's Biggest Competitor Is Going Cobalt-Free
  • 27 days Stocks That Could Benefit From Biden’s $2.5 Trillion Infrastructure Plan
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

Elliott Wave International

Elliott Wave International

Elliott Wave International

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…

Contact Author

  1. Home
  2. Markets
  3. Other

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

"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.

 


How the Wave Principle Can Improve Your Trading

Download Jeffrey's Free Report, "How the Wave Principle Can Improve Your Trading"

This timeless free report shows you five invaluable advantages to using Elliott analysis in the markets you follow, as it

  1. Identifies the trend
  2. Identifies the countertrend
  3. Determines the maturity of a trend
  4. Provides Price Targets
  5. Provides specific points of ruin

Plus, the 6-page, chart-filled report also includes a bonus lesson on how to calculate protective stops.

Download your free report now >>

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.

 

Back to homepage

Leave a comment

Leave a comment