corrective

mehdi47abbasi79

Hi there, I wanted to share my thoughts on Sharp's corrective pattern with you. I have been studying this pattern for about two years now and it follows three basic rules. The pattern consists of five waves that are similar to the impulse pattern. Based on my personal experience, this pattern can also be labeled as a triple zigzag (W-X-Y-X-Z). While analyzing...

jjbuttersnaps

here is some basic principles to discern between Corrective and Impulse. For corrective waves, it helps contextually to have a wave prior to measure the timing and retracement to. A simple way to tell the two apart is their retracements either do or do not intersect each other. A trending impulse wave will never have wave 4 enter wave 1's territory, and never...

CryptoKnee

Here is a visual representation of an Elliott Wave Zig Zag with some common labeling mistakes. Also has some idealized Zig Zag guidelines as well.

WicktatorFX

For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...

Trade-Technique

There are 3 Types of Triangle, Triangle forms in Corrective waves, Triangle occurs in wave 2, 4 & B, 1) Contracting Triangle + Always Subdivides Into Five waves + at least four waves among wave A, B, C, D, each subdivide into a Zigzag or Zigzag Combination. +wave C never moves Beyond the end of wave A, wave D never moves beyond the end of waves b and D...

Trade-Technique

Hello , I am back with my new idea . "Elliott wave concept" you can see this is Zigzag in bullish market zigzag : ----------------------bullish market----------------------- --------------------------------------------------------- ---------------------bearish market------------------------- we see zigzag in corrective waves 2,4 & B wave A always makes 5...

RyanPal Updated 

Hi all, I would like you all to have a basic understanding of how waves (Elliot Waves essentially) feel like. Impulse waves (the 1, 3 and 5 you hear of quite often) are generally easier to "feel". See the chart for example. The fall from 11.7k to 8.3k was pretty easy to detect as a downtrend. There is little scope of confusion during these waves. Corrective...

KarYong Updated 

Understanding that market moves in an impulse or corrective nature, we can now further categorise market moves into 3 scenarios. Here we will illustrate the 1st scenario - an impulse move, followed by a corrective move. Practical Exercise 1) Find an example of such scenario in the market. It can be any currency pair, any timeframe. 2) Record down what's the...

KarYong Updated 

Market moves can generally be categorised as either an IMPULSE move or a CORRECTIVE move. A fast and strong move is described as an IMPULSE move. A slow and weak move is described as a CORRECTIVE move. Practical Exercise 1) Pick any currency pair, any timeframe, and identify the IMPULSE and CORRECTIVE moves on the chart. 2) Draw a line on the IMPULSE move;...