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Why Drive at Night in the Rain When You Don’t Have To?

See how Elliott waves helped forecast Plug Power Inc.'s (NASDAQ: PLUG) rise to 2.5-year highs

by Nico Isaac
Updated: December 14, 2017

Dealing with complexity is an unavoidable part of being human. How to manage time equally among all family members so nobody feels neglected? How to unscramble a convoluted issue at work?

How to solve the Sunday New York Times Crossword Puzzle!?

But when it comes to trading, you have a choice: Identifying opportunity doesn't have to be complicated. In fact, simplicity is the key to success.

Here, EWI's master technician and Trader's Classroom instructor Jeffrey Kennedy offers this metaphor:

"I'm not a big fan of driving at night, and especially driving at night in the rain. I much prefer driving during the day when it's sunny and clear and there's not much traffic. The reason why has to do with clarity and vision. I can see things more clearly during the day.

"Well, that kind of logic can aid us from an Elliott wave perspective, and also a trading perspective; namely: Why go through the work and hassle of trying to decipher a complicated price chart when there are plenty of charts out there that exhibit idealized and extremely clear wave patterns.

"In other words, why drive at night in the rain when you don't have to?"

As for how this strategy plays out in real time, let's re-open the Trader's Classroom archives to the May 16, 2017 lesson. There, Jeffrey showed subscribers several "ugly" price charts with undeveloped technicals and unclear Elliott wave patterns and said, "these I will leave alone."

Then, Jeffrey showed a completely different chart of Plug Power Inc. (NASDAQ: PLUG). This chart displayed a textbook impulse Elliott wave pattern. (For newbies, an impulse is a five-wave move in which wave 2 may never retrace more than 100% of wave 1; wave 3 can never be the shortest among waves 1, 3 and 5; and wave 4 may never end in the price territory of wave 1.)

Impulse denotes the direction of the larger trend. Here the larger trend is up:


With a clear pattern and other supportive technicals, Jeffrey made a high-confidence forecast for PLUG to rally above the 2.70 area in the coming weeks and months.

Now, in the December 13 Trader's Classroom, Jeffrey revisits PLUG and shows subscribers how the stock's powerful rally above 2.7 fits neatly and clearly into its Elliott wave script.

Go ahead and watch Jeffrey's analysis of PLUG live from the May 16 and follow-up, December 13 Trader's Classroom lesson. Just press PLAY and begin!


As Jeffrey puts it:

"Whenever I'm looking for a high-confidence trading opportunity... the one essential ingredient for that equation is extreme clarity."

Become THAT trader who can see high-confidence entries, get in and get out with confidence — and sleep at night.

Picture this...

Several times a week, you meet with a market veteran and he's one of the most sought-after teachers in the world. He has dedicated his entire professional career to helping traders like you spot and act on high-confidence trade setups.

At every meeting, you watch over his shoulder as he shows you exactly how to spot your market opportunity. And he doesn't just teach principles. He uses real-life market opportunities to show you the telltale signs that a market is about to move. He also coaches you on how to create your trading plan for this setup — including how to estimate upside potential and identify risk-limiting price levels.

Sound like an ideal fantasy? Well...

THAT is exactly what Jeffrey Kennedy is offering you as a Trader's Classroom subscriber!

Here's How Trader's Classroom Helps You Trade With Confidence:

3 times a week, Jeffrey uploads an exclusive 10-15 minute video for you to the Trader's Classroom subscriber area. While each lesson is not a big time commitment, it's packed with trading insights that you can instantly apply to any market. And any time frame. And you can watch and re-watch the lesson as many times as you like.

Today's lesson might be a valuable insight into a historic market setup in Gold... Tomorrow it might be an immediate trade setup in Google. In the past month alone, Jeffrey has taught valuable trading lessons using NKE, AAPL, BAC, JNJ, JPM, FB, QQQ and many more... Whatever it is, each Trader's Classroom lesson delivers lasting insights that compound to change the way you trade forever.

Would you like to have Jeffrey mentor you? Don't miss this risk-free offer...

This Offer Gives You Everything You Need to Launch Your Elliott Wave Trading Journey

Years from now, you'll look back on the next three months as a pivotal point in your trading approach. The learning track we've designed for you includes real-time mentoring, plus four self-paced trading resources. This package would normally cost $482. But today, you can get it for $147.

Here's what you get...

You Get: Ongoing Real-Time Mentoring

Three months of Jeffrey Kennedy's Trader’s Classroom

Over the next three months, Jeffrey Kennedy is your opportunity-seeking Sherpa. He will show you opportunities and dangers in the markets. In fact, as soon as you order, you get instant access to the last three months of lessons! Some of the opportunities highlighted in these lessons are still unfolding.

Plus: A Self-Paced Learning Track

Four trader resources hand-picked from our educational library — a $286 value

Together, these 2 books and 2 online courses combine to offer the best foundation and reference guides for Elliott wave traders.


The Foundations

To start, you get Elliott Wave Principle - Key to Market Behavior (a $29 value). This definitive guide to Elliott wave analysis will be your roadmap and reference guide from here on.


Spot Opportunities

Next, the Visual Guide to Elliott Wave Trading (a $60 value) gives essential insights on how to incorporate Elliott wave analysis into your trading style.


Develop Trading Plan

Then, put down the books and head to a screen, for two online courses. In The Wave Principle Applied Online Course (a $99 value), Jeffrey Kennedy shows you how to spot an actionable pattern and formulate a trading strategy.


Kennedy Channeling

And finally, get unique insights with The Kennedy Channeling Technique Online Course (a $98 value), and learn about an invaluable tool that helps give more confidence to your waves counts.

Bonus: New LIVE Trader's Classroom Lessons Every Month

As a Trader's Classroom subscriber, at least once each month, you are invited to join Jeffrey Kennedy LIVE online for an interactive Trader's Classroom lesson. During these interactive lessons, you can personally ask Jeffrey your questions about the day's lesson, get his responses in real time, and benefit from other subscribers' comments and questions, as well. And don't worry if you're unable to make the live events: We'll post recordings in your subscribers portal with your other Trader's Classroom lessons later that day.

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Three months of Trader's Classroom, plus four essential trader resources (a $433 Value):