Impulsive Structures.
Corrective wave B
Waves b inside impulsive waves are temporary pullbacks in the counter trend direction. They are more predictable because they shall never violate a starting point of preceding wave a.
Corrective Structures.
Corrective wave B
Waves b inside corrective waves move in the counter direction to waves a and c of a corrective structure but at the same time in the direction of the main trend. That makes them stronger and much less predictable. Waves b inside corrective waves are the least predictable because they can violate starting point of preceding wave a and push price to a new extreme level in the direction of the main trend.
Case Studies:
The best way to understand how this pattern works is to study collection of charts with real life examples.
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- Introduction to Section 6 “Corrective Waves”.
- Simple Zig-Zag.
- Correction shaped as a Simple Zig-Zag.
- Regular Flat.
- Bonus: Trading corrective waves shaped as a Regular Flat.
- Running Flat.
- Expanded Flat.
- Correction Shaped as a Triangle.
- Bonus: Triangle can play dirty tricky games.
- Triangle: Key Takeaways.
- Wave B is the least predictable beast.
- Bonus.Wave B explained.
- Two types of corrective structures: “through time” vs “throw price”.
- Complex Corrective Pattern: Double Three.
- Guidance on Alternation Between Corrective Waves