Free lesson from Jeffrey Kennedy's Trader's Classroom
The Wave Principle classifies price action as either motive or corrective. Motive waves move in the direction of the trend and include impulse waves and diagonals. Today, you can watch a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you about the basics of the impulse wave and then shows you how to identify one on an actual chart of Goldman Sachs Group, Inc. (GS)
If you are prepared to take the next step in educating yourself about the basics of the Wave Principle -- access the FREE Online Tutorial from Elliott Wave International.
The Elliott Wave Basic Tutorial is a 10-lesson comprehensive online course with the same content you'd receive in a formal training class -- but you can learn at your own pace and review the material as many times as you like!
This article was syndicated by Elliott Wave International and was originally published under the headline Reviewing the Basics of the Elliott Wave Principle: The Impulse Wave. 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.