All language subtitles for 2. Impulsive vs Corrective Wave--- [ DevCourseWeb.com ] ---

Traitors this is a 2.2 and this model is about impasses and corrected ways you may have heard the term

impasses and corrective waves from the Elliott Wave Theory.

Simply put an impulsive wave is a wave that shows direction and the corrective wave is basically a pullback

in Elliott Wave.

This is wave one wave to wave three.

The longest one with four five and then there's the ABC 1 3 and fives are the impulsive waves right.

Two and four other corrected ones.

That gives you an opportunity to enter alongside with the impulsive waves direction and we'll also be

studying how price moves against time to be able to gauge the direction in the markets.

OK so let's show to some charts.

OK.

So let's analyze this part of this move here.

Okay.

Did you guys spot impassive face.

This is the one time this is another one.

And this is the corrective effect here.

So once you see a big moves down like this it's a first 100 action.

And then you notice the action we start to change because why it made an impulsive way to the downside.

Also breaking the laws here this may potentially create lower levels.

Right.

That's the definition of a Duntroon the highs and lows those OK.

You can mark them

OK.

So

and then what happens a pullback happens here or by another move that's pretty strong.

OK.

And then you see Price creeping up to the upside.

Right.

Look at the end goes traveling and it's almost sideways.

OK so it's very clear that the down way is the impulsive one and the UP WASTE is the correct one.

And with that being said we can try to continue to downsize.

So again the impulse is always will give us a clue to the direction of where this is going to apply

in your trading.

Because we always first defined the market space so we can already see range forming here.

This is a broadening wedge right.

It is also a reversal wedge which I've covered in Q1 and knowing that there is an impulsive way to the

downside.

We are more ready to take a short here and seeing how this slowly move sideways.

It shows that this is a corrective with a reasonable OK here's another really clear example.

Really strong impulsively.

Right.

I think we all can agree that this is very impulsive and

let's move up on the weekly know.

And then what happens.

Tries to pull back right it another impulsive way.

And then it creeps up so the pay attention to how price moves against time see how fast this move is

right compared to how slow this move is.

That's what I meant by the relationship of price and time.

OK.

So clearly when I arranged like this.

This is a rectangular arrangement.

We can already have a bias to the downside.

OK.

The direction by as just a downside because of this big moves tryer.

Same thing here.

This is have drawn a channel here

ok like that.

So when Christ came down here you know that this may potentially break because of the direction.

Right.

The overall direction is that the downside of this is simply a corrective.

OK.

So that's how we define impulsive and reactive ways and how we use it to have a direction by is our

trading.