Visual Guide to Elliott Wave Trading

Book Insight

“Visual Guide to Elliott Wave Trading” transforms abstract Elliott Wave concepts into an executable visual roadmap for real-world trading. Written by Wayne Gorman and Jeffrey Kennedy—two senior instructors at Elliott Wave International—the book shows step-by-step how to identify, label, and trade wave patterns in live market conditions. Rather than focusing only on theory, it teaches traders how to combine wave context with confirmation tools such as momentum, channeling, and Fibonacci proportions. Each example highlights the interplay between crowd psychology and price structure, helping readers evolve from pattern recognition to practical trade planning. Designed for traders who think visually, this guide bridges the gap between classroom theory and the decision-making reality of charts.

Core Concepts

At its foundation, the book builds mastery around three pillars: context, pattern, and risk.
Gorman and Kennedy walk readers through the full Elliott Wave cycle—from impulsive five-wave trends to complex three-wave corrections—illustrating how to evaluate probability, validate counts, and act decisively. You’ll learn how to:

• Recognize wave signatures across degrees of trend.
• Use momentum divergence, Fibonacci ratios, and channeling to confirm counts.
• Integrate Elliott analysis with trade management, entry timing, and stop placement.
• Distinguish between “alternate counts” and the preferred scenario.
  Through annotated charts and checklists, traders practice structuring trades that align with the dominant wave and avoid common misreads that lead to emotional decisions.

Inside the Chart

Hundreds of annotated charts from equities, forex, and commodities bring the Wave Principle to life. Each case study demonstrates how a professional analyst tracks the market’s rhythm, updates counts as new data emerge, and adapts positions accordingly. Readers see how to turn structure into strategy—identifying low-risk setups near the end of corrections, managing trades during extensions, and anticipating reversal zones using Fibonacci clusters and channel intersections. The emphasis is on process discipline: preparation, confirmation, execution, and review.

Author’s Edge

Both authors are senior educators at Elliott Wave International, the world’s leading authority on wave analysis. Wayne Gorman, a former risk manager at Citibank, and Jeffrey Kennedy, a Chartered Market Technician (CMT) and veteran trader, combine decades of institutional and educational experience. Their strength lies in converting complex theory into visual, rules-based trading tactics that any committed trader can internalize. The result is one of the most actionable Elliott Wave training manuals ever published.

Visual Guide to Elliott Wave Trading by Wayne Gorman, Jeffrey Kennedy