Elliott Wave patterns

1 Impulse Waves (5 waves)

• Waves 1, 3, and 5 move in the direction of the main trend.

• Waves 2 and 4 are corrective waves that move against the trend.

• Wave 3 is typically the longest and strongest wave.

• Wave 5 usually marks the end of the trend.

2 Corrective Waves (3 waves)

• Corrections move against the trend of the larger degree.

• They consist of three waves: A, B, and C.

• There are several types of corrective waves, including zigzags, flats, and triangles.

Remember, Elliott Wave analysis requires practice and experience to master. It's also essential to combine it with other technical analysis tools for confirmation and risk management.

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