The Ultimate Technical Analysis Handbook - Tradingportalen.com

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Chapter 6 —How To Draw and Use Trendlines Figure 64 Figure 65 The Ultimate Technical Analysis Handbook — © 2009 Elliott Wave International This ebook includes handpicked lessons from more than 200 pages of EWI’s comprehensive Trader’s Classroom Collection of eBooks. Learn more here: http://www.elliottwave.com/wave/ClubTCC 42
Chapter 6 —How To Draw and Use Trendlines In August Lean Hogs (Figure 66), you’ll notice how prices broke the base channel momentarily in wave (c) of 4. Normally, this would be troubling, because the base channel defines the trend. But Figure 68 shows that prices were still within the deceleration channel, which implied the move was still countertrend. A combined break of the base and deceleration channels would have signaled a trend change. And, finally, Figure 69 illustrates how the Elliott wave channeling technique identifies fifth-wave objectives. As an analyst and trader, I am slow to adopt anything new, yet quick to get rid of anything that doesn’t work consistently. I developed this channeling technique in the mid-1990s and still use it today. No, it doesn’t always work, but I believe it offers great value in the proper labeling and identification of Elliott waves. [June 2004] Figure 66 Figure 67 The Ultimate Technical Analysis Handbook — © 2009 Elliott Wave International This ebook includes handpicked lessons from more than 200 pages of EWI’s comprehensive Trader’s Classroom Collection of eBooks. Learn more here: http://www.elliottwave.com/wave/ClubTCC 43
Page 1 and 2: The U L T I M A T E Technical Analy
Page 3 and 4: Chapter 1 — How the Wave Principl
Page 5 and 6: Chapter 1 — How the Wave Principl
Page 7 and 8: Chapter 2 — How To Confirm You Ha
Page 9 and 10: Chapter 3 — How To Integrate Tech
Page 19 and 20: Chapter 4 — Origins and Applicati
Page 27 and 28: Chapter 5 —How To Apply Fibonacci
Page 33 and 34: Chapter 6 —How To Draw and Use Tr
Page 41: Chapter 6 —How To Draw and Use Tr
Page 45 and 46: Chapter 7 — Time Divergence: An O
Page 47 and 48: Chapter 8 — Head and Shoulders: A
Page 49 and 50: Chapter 8 —Head and Shoulders: An
Page 51 and 52: Chapter 9 —Pick Your Poison... an
Page 53 and 54: Chapter 2 — How To Confirm You Ha

The Ultimate Technical Analysis Handbook - Tradingportalen.com

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