The Wave Principle + Technical Indicators = High-Confidence Trade Setups
InvestorEducation / Elliott Wave Theory Jun 03, 2016 - 07:19 AM GMTBy: EWI
See how to pair RSI and MACD with Elliott waves
In his Trader's Classroom and Commodity Junctures services, master instructor Jeffrey Kennedy often uses traditional technical indicators with the Wave Principle to add confidence to his analysis. He starts with his Elliott wave count, then looks at technical indicators such as RSI and MACD to "build a case" for his outlook.
Watch this 5 minute video to see the process he goes through to identify high-confidence trade setups.
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This article was syndicated by Elliott Wave International and was originally published under the headline The Wave Principle + Technical Indicators = High-Confidence Trade Setups. 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.
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.
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