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How Price Bar Chart Patterns Help You Catch Long-Term Trends
Elliott Wave Junctures video lesson shows how the "double close key reversal" chart pattern signals major trend changes in any liquid market
By Nico Isaac
Thu, 24 May 2012 16:15:00 ET
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On the financial race track, traders run at very different speeds and at very different intervals; there are:  

  • Scalpers, day traders: the sprinters. The gun fires and they're in and out in a flash. 
  • Investors: the cross-country, marathon runners. They're in it for the long haul, hoping to ride a lasting trend change however long that takes.
After 20-plus years of disciplined practice, EWI's senior analyst Jeffrey Kennedy has developed a very athletic analytical prowess. The key to his success is in choosing the right forecasting techniques for each time frame. Trend indicators used for a successful short-term trade are not the same ones you need to be successful long-term.
 
And -- when it comes to the long-term, Jeffrey has found one type of technical analysis that consistently takes him to the winner's circle: price bar chart patterns.
 
In the May 21 Elliott Wave Junctures video trading lesson, Jeffrey shares with you a particular bar pattern favorite -- the "Double Close Key Reversal Outside Bar" combination -- or DCKR, for short.
 
This 5-minute video trading lesson (online now ) hits the ground running. In the 1st minute, Jeffrey shows you the following chart of a bearish and bullish DCKR and explains:
 
  • In a bearish DCKR, prices make a new high above the prior high, yet close below the prior 2 closes.
  • In a bullish DCKR, prices make a new low below the prior low, yet close above the prior 2 closes.
Jeffrey then adds this crucial detail: In order for a DCKR to be effective, the reversal bar (labeled below) MUST follow one key rule. As the tape rolls, Jeffrey reveals exactly what that rule is. 
 
 
 
In the second half of the May 21 Elliott Wave Junctures video trading lesson, Jeffrey shows you 3 real-world examples of the DCKR pattern success on long-term price charts.
 
The first example, pictured below, shows how the bearish DCKR precipitated an 80% decline in the share price of Green Mountain Coffee Roasters Inc. in 2011-early 2012. 
 
 
Then comes the Elliott Wave Junctures' bombshell: Jeffrey's chart of the DJIA shows that a DCKR pattern formed this very month -- May 2012. Whether it's a bullish or bearish pattern might surprise you.
 
So, what are you waiting for? This 5-minute video trading lesson gives you the objective advantage to reach the finish line of long-term trades.
 
Subscribe today risk-free and get instant access to the complete Elliott Wave Junctures library -- that's 30 life-changing video trading lessons, including this May 21 video.
 
 

Experienced Mentor to Teach Me How to Spot Trading Opportunities in the Markets I Follow

(But I have some demands!)
 

 

  • Must provide real-world trading lessons at least 3-5 times per week that will help me spot and act on high-probability trading opportunities
  • Must cover all critical aspects for trading success including: strategy and tactics, Elliott wave analysis, technical analysis, multiple timeframes, multiple markets, and more. 
  • Must have 20+ years of market experience, taught thousands of students around the world how to improve their trading, and a history of being published in major trading publications such as SFO Magazine and FuturesMag. 
  • Must provide on-screen video instructions combined with helpful PDF notes that I can review as many times as I like.
  • Must allow me to test out his lessons risk-free for 30 days and refund me in full if I decide committing to his educational track will not improve my trading. 
Sounds like an unreasonable (if not crazy) request until you discover that this is exactly what EWI's NEW service, Elliott Wave Junctures, will do for you.
 
 
 
 

Tags: Dow Jones Industrial Average (DJIA), Dow Jones Industrial Average (DJIA), Jeffrey Kennedy, technical analysis, trading lessons
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