
On-Demand Video Course
The Basics of the Wave Principle
Beginner Level | 1 hour 39 minutes
This course is one of the best ways to kick off your Elliott wave education, or to refresh your knowledge of the basics.
Learn the rules and guidelines that make
Elliott Wave such a powerful tool
In this course, Senior Tutorial Instructor Wayne Gorman walks you carefully through the rules and guidelines, wave structures and personalities, Fibonacci relationships and more. Wayne’s easy-to-follow instruction makes this course an ideal starting point if you’re learning Elliott for the first time or need a refresher on the basic tenets.
Here’s what you’ll learn:
- How the Wave Principle can be used to predict market direction and turning points
- Characteristics of motive and corrective waves
- How to count waves correctly and avoid common counting mistakes
- The three rules of the Wave Principle and how to apply them
- Wave guidelines that help you anticipate wave distance, form and termination points
- Wave personalities — the connection between wave position and mass psychology
- Fibonacci relationships and how to use them to anticipate price movement
- Fibonacci multiples, retracements and time relationships
Meet Your Instructor:

Wayne Gorman, Former Trading Instructor
Wayne Gorman, CEWA-M, is a 40-year veteran risk manager and trader. He traded full-time with his own capital for almost 5 years before he joined Citibank, where he managed trading positions in money markets and derivatives. Wayne co-authored the Amazon best-seller Visual Guide to Elliott Wave Trading (2013) and has conducted multiple EWI Trading tutorials.
Testimonials:
Get This On-Demand Course Now:
Just Get This Lesson

“My goal has always been for customers to be able to do this themselves, starting with the basics.”

$79
Get this Lesson FREE When You Try 1 Month of
Elliott Wave Trader’s Classroom

What Trader’s Classroom gives you: 3 times a week, our team of 6 instructors brings you a short video lesson. You’ll see real markets and practical trading tips. Most of the examples are real-time, so you can choose to take advantage of them, or wait for another set-up you find. Watch the lessons for 30 days, see how they work with your trading. Learn more about TC >>
$176 $97
You save 45%!
See other special packages that include this course below.
Order by Phone
Mon-Fri, 8am-5pm Et
Contact us at 800-336-1618 or 770-536-0309 (Internationally) and you will get a fast, friendly, knowledgeable person to assist you.
LIVE CHAT
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Please use the LIVE CHAT button at the bottom right of your screen to chat with us.
We accept online payments from Visa, MasterCard, American Express, Discover, and Bitcoin through our online store. We also accept payment via PayPal, money order, bank wire, and check (drawn off a U.S. bank). If you would like to pay by any of these methods, please contact our Customer Care Representatives via phone, email, or live chat to place your order.
Looking For More Education?
(These special packages also include The Basics of the Elliott Wave Principle)
Get ALL Beginner Level Courses/Lessons
Includes:
- The Essential Elliott Wave Video Series ($311)
- 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)
$588 $399
You save 32%!
Get ALL Beginner Level Courses/Lessons
PLUS A 3 Month Subscription of
Elliott Wave Trader’s Classroom
Includes:
- The Essential Elliott Wave Video Series ($311)
- 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)
- 3 Months of Trader’s Classroom ($291)
$879 $499
You save 43%!
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That’s over 37 hours of On-Demand Courses/Lessons
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PLUS
12-months of new, real-market Elliott wave lessons from one of 6 expert instructors three times a week, helping you spot and act on trading opportunities as they develop with Trader’s Classroom.
If you’re serious about learning and applying the Wave Principle, this package is for you!
$2,814 $1,164
You Save 58%!
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