from Elliott Wave International
[Editor’s Note: We welcome to Econintersect a new syndication partner – Elliott Wave International.] 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 listen to a lesson from Jeffrey Kennedy’s Trader’s Classroom in which he teaches you about basics of the ending diagonal and why this pattern is so dynamic. You’ll then see an example in the chart of United States Steel Corporation (X).
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This article was syndicated by Elliott Wave International and was originally published under the headline Reviewing the Basics of the Elliott Wave Principle: The Ending Diagonal.
