There’s a little known joke among the trading community that
goes like this: “A trader walks into a bar… pattern:
‘Ouch!’ “
Fact is, if you don’t know what you’re doing, price bar analysis
can be a bit “painful.” Finding a discernable pattern
in their grouping can feel like finding a hair in a hay stack.
But if you have the right teacher — say someone who has used
bar pattern analysis for twenty-plus years to signal dramatic
moves in some the world’s most watched markets — well, then
the discipline is invaluable. And right now, EWI is offering
just that, free: the 15-page eCourse Book titled “How
To Use Bar Patterns To Spot Trade Set-ups” by
EWI’s chief commodity analyst and Futures Junctures Service editor
Jeffrey Kennedy.
In this free 15-page resource, Jeffrey Kennedy shows you the
top 6 bar patterns from his personal repertoire. He provides
each pattern with a definition, illustrations of its form, lessons
on its application and how to incorporate it into Elliott wave
analysis, and historical examples of its occurrence in major
commodity markets.
Take, for instance, the eBook’s section on “Popgun” bar
chart patterns. Jeffrey defines this configuration as a “two-bar
pattern composed of an outside bar preceded by an inside bar.” (See
chart below.) From its namesake (the old-fashioned cork-and-string
toy gun), popguns introduce swift tradable moves (“the cork
flying”) that are ultimately retraced (“the string
pulling the cork back”).
For a real-life example, see the September 27 Daily
Futures Junctures, where Jeffrey presents this
daily chart of December Coffee that clearly identifies a “Popgun” at
the May 2010 low.
As
for the remaining 5 bar patterns featured in Jeffrey’s
eBook — look no further than the complete, free15-page
eBook. You can read “How To Use Bar Patterns
To Spot Trade Setups” now with an instant,
free Club EWI membership.
this comprehensive collection, Jeffrey provides
each pattern with a definition, illustrations
of its form, lessons on its application and how
to incorporate it into Elliott wave analysis,
historical examples of its occurrence in major
commodity markets, and ultimately — compelling
proof of how it identified swift and sizable
moves.
Best of all is, you can read the entire,
15-page report today at absolutely no cost. You
read that right. The “How
To Use Bar Patterns To Spot Trade Setups” is
available with any free, Club EWI membership.
This article was syndicated by Elliott Wave International and was originally published under the headline A Trader Walks Into A Bar… Pattern: HOP-portunity On Tap.
EWI is the world’s largest market forecasting firm. Its staff
of full-time analysts led by Chartered Market Technician
Robert Prechter provides 24-hour-a-day market analysis to
institutional and private investors around the world.
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