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Reviewing the Basics of the Elliott Wave Principle: The Zigzag

Free Lesson from Jeffrey Kennedy's Trader's Classroom

by Erin Hindes
Updated: May 24, 2016

The Wave Principle classifies price action as either motive or corrective. Corrective waves move opposite the direction of the primary trend and include the zigzag, flat, triangle and combinations of these patterns. They offer traders an opportunity to rejoin the larger trend. Today, you can listen to a lesson from Jeffrey Kennedy's Trader's Classroom in which he teaches you the basics of the zigzag and shows an example in the chart of Microsoft Corporation (MSFT).

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