Practical Exercise - Identify Impulse and Corrective Moves
Updated
Market moves can generally be categorised as either an IMPULSE move or a CORRECTIVE move.
A fast and strong move is described as an IMPULSE move.
A slow and weak move is described as a CORRECTIVE move.
Practical Exercise
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.
A fast and strong move is described as an IMPULSE move.
A slow and weak move is described as a CORRECTIVE move.
Practical Exercise
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.
Comment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.