Market moves can generally be categorized 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.
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.
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.
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.