In wave analysis, finding the impulse and its correction is a primary task to predict the price flow.
Most of the time this action, decides the price movement in market.
Improper prediction may lead you into a failure or loss.
IMPULSE: Candles use to appear with strong potential towards a particular direction. (Either Bullish/Bearish). and the trend continue into the same direction.
CORRECTION: Max. it follows with a Impulse, the corrective candles show up with less momentum. And moves in a particular direction of the market. the price may change its direction.
Most of the time this action, decides the price movement in market.
Improper prediction may lead you into a failure or loss.
IMPULSE: Candles use to appear with strong potential towards a particular direction. (Either Bullish/Bearish). and the trend continue into the same direction.
CORRECTION: Max. it follows with a Impulse, the corrective candles show up with less momentum. And moves in a particular direction of the market. the price may change its direction.
Note
I hope, this will give you a clear difference between the Impulse and correction. These are my understanding about Impulse and correction. You may differ from that.Eg.
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Related publications
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.