Under Construction-- typed on phone, I'll fix spelling errors
o\tPrices move either up, d9wn or remain constant. Prices can move down in a larger uptrend, and up in a larger downtrend.
o\tAccording to Elliott Wave, there are two types of price wave patterns known as impulse waves and corrective waves. Corrective waves follow impylse waves and vice versa.
o\tImpulse waves move in the direction of overall trend. They are comprised of five smaller waves, typically refered to as an overall 12345 wave.
o\tCorrective waves are comprised of three smaller waves, referred to as ABC waves
o\tWhen an impulse wave is followed by a corrective wave, it is sometimes referred to as an 8 wave pattern, or 12345abc
o\tWaves 1,3 and 5 are the actual impulse waves; waves 2 and 4 are corrective. A positive 8 trend could look like this : 12345abc12345abc12345 abc12345abc . Understanding this pattern is a crucial milestone .
o\tIt is commonly thought cortective waves can be a sign of a trend continuation
o\tThe guidelines of Elliott Wave are: wave 3 cannot be the shortest wave, wave 2 cannot give back 100% of wave 1 and wave 4 cannot interfere with wave 1.When wave three is the longest, waves one and five will be approximately the same length .
o\tAccording to Elliott Wave, there are two types of price wave patterns known as impulse waves and corrective waves. Corrective waves follow impylse waves and vice versa.
o\tImpulse waves move in the direction of overall trend. They are comprised of five smaller waves, typically refered to as an overall 12345 wave.
o\tCorrective waves are comprised of three smaller waves, referred to as ABC waves
o\tWhen an impulse wave is followed by a corrective wave, it is sometimes referred to as an 8 wave pattern, or 12345abc
o\tWaves 1,3 and 5 are the actual impulse waves; waves 2 and 4 are corrective. A positive 8 trend could look like this : 12345abc12345abc12345 abc12345abc . Understanding this pattern is a crucial milestone .
o\tIt is commonly thought cortective waves can be a sign of a trend continuation
o\tThe guidelines of Elliott Wave are: wave 3 cannot be the shortest wave, wave 2 cannot give back 100% of wave 1 and wave 4 cannot interfere with wave 1.When wave three is the longest, waves one and five will be approximately the same length .