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04Corrective Waves

Moving against the trend

Structure5 — 3 — 5
Zigzag correction, drawn wave by waveA sharp correction. Wave A = 5 sub-waves DOWN (i↓ ii↑ iii↓ iv↑ v↓), Wave B = 3 sub-waves UP (a↑ b↓ c↑), Wave C = 5 sub-waves DOWN.iiiiiiivvAabcBiiiiiiivvC
  1. A(5 waves)
  2. B(3 waves)
  3. C(5 waves)

A sharp correction. Wave A = 5 sub-waves DOWN (i↓ ii↑ iii↓ iv↑ v↓), Wave B = 3 sub-waves UP (a↑ b↓ c↑), Wave C = 5 sub-waves DOWN.

Corrections come in two styles. Sharp corrections cut steeply against the larger trend. Sideways corrections move mostly horizontally, though they still give back some ground overall.