Replies to post #12373 on Triple 000 and Sub-penny Chart Plays

[trader53]

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.









Elliott Wave Basics
http://stockcharts.com/help/doku.php?id=chart_school:market_analysis:elliott_wave_theory