
On-Demand Video Lesson
How to Use Elliott’s Rules and Guidelines to Label Charts Correctly
Beginner Level | 45 mins
When you’re staring at two (or five) possible counts, the problem isn’t “Elliott wave doesn’t work” — it’s that you need a repeatable decision process.
In this 45-minute on-demand lesson, 40-year market veteran Jim Martens walks you through the exact checklist he uses to rank wave counts and choose a preferred vs. alternate — without hand-waving.
“Which count is right?”
That question is where most Elliott wave students stall.
This lesson shows you how pros handle uncertainty: not by forcing one count… but by using rules, guidelines, and relationships to eliminate weak counts and favor the strongest — while staying aligned with the market’s dominant trend.
This video lesson covers:
- Comparing and ranking multiple wave counts using rules and guidelines
- Applying key rules that can immediately eliminate a wave count
- Evaluating guidelines such as extension, alternation, “right look,” and proportion
- Recognizing when alternate counts may add confidence — and when they may signal uncertainty
- Examining wave structure alongside Fibonacci relationships to identify potential decision areas on a chart
Your instructor, Jim Martens, walks through real-world examples from four commodity markets across multiple timeframes — Live Cattle, Soybeans, Soybean Oil, and Lean Hogs.
And the best part: this approach isn’t limited to commodities. The same principles can be applied to any liquid market where Elliott wave patterns appear.
Meet Your Instructor:

Jim Martens, Chief Commodity Analyst & Trader’s Classrom Instructor
Jim’s study of R.N. Elliott’s work began in the mid-1980s, leading to a position with Sabin Commodities in New York. In 1993, he joined Elliott Wave International, where he soon became editor of the Currency & Commodities Forecast. In 2000, he accepted a Chief Technical Analyst role at the George Soros-affiliated hedge fund Nexus Capital, before returning to Elliott Wave International in 2004. Today, he serves as Elliott Wave International’s Chief Commodity Analyst and is also a Trader’s Classroom instructor.
Testimonials:
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- The Essential Elliott Wave Video Series ($311)
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- How to Use Elliott’s Rules and Guidelines to Label Charts Correctly ($99)
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- The Basics of the Wave Principle ($79)
- Where to Start Your Wave Count: 1, 2, 3… its as Easy As A, B, C ($99)
- How to Use Elliott’s Rules and Guidelines to Label Charts Correctly ($99)
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