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Corrective

Sharp Correction

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.

RELATED TERMS

Zigzag
A sharp three-wave corrective pattern labeled A-B-C where Wave A and Wave C are ...
Sideways Correction
A corrective pattern that moves mostly horizontally with relatively shallow retr...
Wave 2
The first corrective wave in an impulse sequence. Wave 2 retraces a portion of W...
Sector RotationAll TermsSharpe Ratio