Corrective
Sharp Correction
QUICK DEFINITION
Sharp Correction in Elliott Wave Theory: A corrective pattern that retraces deeply and quickly, typically a zigzag or double zigzag. Sharp corrections are common in the Wave 2 position and usually retrace 50% to 78.6% of the prior impulse.
What Sharp Correction Means
A corrective pattern that retraces deeply and quickly, typically a zigzag or double zigzag. Sharp corrections are common in the Wave 2 position and usually retrace 50% to 78.6% of the prior impulse.
Where You'll See It
Sharp Correction appears regularly in Artavest's weekly wave-count analysis across 108 US stocks and ETFs. It's part of the corrective family of Elliott Wave concepts and shows up most often when analysts are decoding a 3-wave correction inside a larger impulse — A-B-C, zigzag, flat, or triangle.
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