The attached EURGBP chart shows a good example how to differentiate impulsive and corrective waves within a wave structure . The rectangles containing the waves in the five wave downleg indicate how the speed of the price movements differ.
Impulsive versus corrective waves
This entry was posted on Tuesday, December 7th, 2010 at 12:05 am and posted in trading note. You can follow any responses to this entry through the RSS 2.0 feed.
Tag Cloud1stthrust 123pattern AlBrooks atr AUDUSD breakeven breakout confluence correction DAX doubletop ECB EMA entry EUR EURCHF EURGBP EURGBP pullback EURNOK EURSEK EURUSD exit fakey FED fibonacci firstthrust flag flow futuresmag GBPCHF GBPJPY GBPNOK GBPUSD GBPUSD pullback headandshoulders insidebar keltnerbands measuredmove mistake performance pinbar pivotlevel priceaction psychology pullback range recap reversal s&p500 setup stoploss strategy support tactics takeprofit trend trendline USDCAD USDCHF USDJPY
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