A fast and strong move is described as an IMPULSE move.
A slow and weak move is described as a CORRECTIVE move.
1) Pick any currency pair, any timeframe, and identify the IMPULSE and CORRECTIVE moves on the chart.
2) Draw a line on the IMPULSE move; draw a box on the CORRECTIVE move.
3) Post your chart on the comment section below.
4) Repeat this practice on 2 other currency pairs.
*Refer to the first comment below for a sample of this practical exercise.
could you please tell how long the ABC can be moved.? or which impulse waves, corrective moves. i mean how far the corrective can happen ?
and how do we know them ?