Saturday, April 25, 2015 8:59:01 PM
A Basic "A,B,C Corrective Wave"
A basic "Corrective Wave" forms with three waves,
typically a, b and c.
Elliott Wave Basics
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
Combining a basic 5 wave impulse sequence
with a basic 3 wave corrective sequence
yields a complete Elliott Wave sequence,
which is a total of 8 waves.
According to Elliott,
this complete sequence is divided into two distinct phases:
the impulse phase and the corrective phase.
The abc corrective phase
represents a correction of the larger impulse phase.
A basic "Corrective Wave" forms with three waves,
typically a, b and c.
Elliott Wave Basics
http://stockcharts.com/school/doku.php?id=chart_school:market_analysis:elliott_wave_theory
Combining a basic 5 wave impulse sequence
with a basic 3 wave corrective sequence
yields a complete Elliott Wave sequence,
which is a total of 8 waves.
According to Elliott,
this complete sequence is divided into two distinct phases:
the impulse phase and the corrective phase.
The abc corrective phase
represents a correction of the larger impulse phase.
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