Market
Correction
QUICK DEFINITION
Correction in Elliott Wave Theory: A general market decline of 10% or more from a recent high. In Elliott Wave terms, corrections are the A-B-C structures that follow completed five-wave impulses. They reset sentiment before the next impulse begins.
What Correction Means
A general market decline of 10% or more from a recent high. In Elliott Wave terms, corrections are the A-B-C structures that follow completed five-wave impulses. They reset sentiment before the next impulse begins.
Where You'll See It
Correction appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the market family of Elliott Wave concepts and shows up most often when analysts are describing the market's broader structure, breadth, or regime in wave-stage terms.
LEARN MORE
- → Elliott Wave Theory Guide — the 5-3 pattern, rules, Fibonacci, wave degrees
- → Elliott Wave Cheat Sheet — the 3 absolute rules and 6 Fibonacci relationships
- → Our Methodology — how Artavest analysts count waves on 108 US instruments