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Trading with Elliott Waves Doesn’t Have to Be Complicated
Start simple, with the basic 5 “core” Elliott wave chart patterns
By Elliott Wave International
Jeffrey Kennedy, a recognized expert in Elliott wave analysis and forecasting, explains why he thinks the Wave Principle is such a reliable and powerful way to forecast the financial markets.
Jeffrey stresses that if you understand — and practice — the basics of the Wave Principle, you’ll be surprised how much it can impact your analysis and trading results.
If you can’t view video directly via email, click here to view the video:
| Announcing Trader Education Week: Now through March 24
Spend March 20-24 getting free trading lessons that you can apply to your trading immediately — from one of the world’s foremost market technicians, Jeffrey Kennedy. You’ll learn about Elliott waves, Fibonacci analysis, indicators and oscillators, Japanese candlesticks and more! Register now for your FREE week of trading lessons and get immediate access. |
This article was syndicated by Elliott Wave International and was originally published under the headline Trading with Elliott Waves Doesn’t Have to Be Complicated. 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.
GOOD TRADING
Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.
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Levels for Trade Date of 03.23.2017
| Contract June 2017 | SP500 | Nasdaq100 | Dow Jones | Mini Russell | Dollar Index |
| Resistance 3 | 2366.92 | 5452.08 | 20756 | 1364.93 | 100.07 |
| Resistance 2 | 2357.83 | 5414.17 | 20694 | 1356.07 | 99.90 |
| Resistance 1 | 2350.42 | 5390.83 | 20648 | 1349.53 | 99.68 |
| Pivot | 2341.33 | 5352.92 | 20586 | 1340.67 | 99.51 |
| Support 1 | 2333.92 | 5329.58 | 20540 | 1334.13 | 99.30 |
| Support 2 | 2324.83 | 5291.67 | 20478 | 1325.27 | 99.13 |
| Support 3 | 2317.42 | 5268.33 | 20432 | 1318.73 | 98.91 |
| Contract | Apr. Gold | May Silver | May Crude Oil | June Bonds | June Euro |
| Resistance 3 | 1259.1 | 17.75 | 49.95 | 152 5/32 | 1.0921 |
| Resistance 2 | 1255.3 | 17.68 | 49.13 | 151 21/32 | 1.0897 |
| Resistance 1 | 1251.4 | 17.60 | 48.64 | 151 6/32 | 1.0872 |
| Pivot | 1247.6 | 17.53 | 47.82 | 150 22/32 | 1.0847 |
| Support 1 | 1243.7 | 17.46 | 47.33 | 150 7/32 | 1.0822 |
| Support 2 | 1239.9 | 17.39 | 46.51 | 149 23/32 | 1.0798 |
| Support 3 | 1236.0 | 17.31 | 46.02 | 149 8/32 | 1.0773 |
| Contract | May Corn | May Wheat | May Beans | May SoyMeal | April Nat Gas |
| Resistance 3 | 363.3 | 430.4 | 1012.83 | 327.70 | 3.16 |
| Resistance 2 | 362.3 | 428.6 | 1007.92 | 326.70 | 3.13 |
| Resistance 1 | 360.5 | 425.4 | 1003.83 | 325.10 | 3.07 |
| Pivot | 359.5 | 423.6 | 998.92 | 324.10 | 3.04 |
| Support 1 | 357.8 | 420.4 | 994.8 | 322.5 | 3.0 |
| Support 2 | 356.8 | 418.6 | 989.92 | 321.50 | 2.95 |
| Support 3 | 355.0 | 415.4 | 985.83 | 319.90 | 2.89 |
All times are Eastern time Zone (EST)
source:http://www.forexfactory.com/calendar.php
| Date | 3:30pm | Currency | Impact | Detail | Actual | Forecast | Previous | Graph | |
|---|---|---|---|---|---|---|---|---|---|
| ThuMar 23 | 3:00am | EUR |
GfK German Consumer Climate
|
10.1 | 10.0 | ||||
| 5:00am | EUR |
ECB Economic Bulletin
|
|||||||
| 5:15am | GBP |
MPC Member Broadbent Speaks
|
|||||||
| 5:30am | GBP |
Retail Sales m/m
|
0.4% | -0.3% | |||||
| 7:00am | GBP |
CBI Realized Sales
|
4 | 9 | |||||
| Tentative | EUR |
Long Term Refinancing Operation
|
62.2B | ||||||
| 8:30am | USD |
Unemployment Claims
|
240K | 241K | |||||
| 8:45am | USD |
Fed Chair Yellen Speaks
|
|||||||
| 10:00am | EUR |
Belgian NBB Business Climate
|
-0.6 | -1.1 | |||||
| USD |
New Home Sales
|
566K | 555K | ||||||
| 10:30am | USD |
Natural Gas Storage
|
-147B | -53B | |||||
| 11:00am | EUR |
Consumer Confidence
|
-6 | -6 | |||||
| 12:30pm | USD |
FOMC Member Kashkari Speaks
|
|||||||
| 7:00pm | USD |
FOMC Member Kaplan Speaks
|
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.