Wednesday, March 27, 2013 2:21:23 AM
A Basic "A,B,C Corrective Wave"
A basic "Corrective Wave" forms with three waves,
typically a, b and c.
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.
http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:elliott_wave_theory
A basic "Corrective Wave" forms with three waves,
typically a, b and c.
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.
http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:elliott_wave_theory
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