Impulse & Corrective moves

in blurt •  4 years ago 

Markets don’t move in one straight line.
There's an ebb and flow to it. And this process contains impulse & corrective moves.
Wait, what's that?
Impulse move - "Longer leg" on the chart, which points towards the direction of the trend. Candlestick size is usually larger, signaling momentum behind the move.
Corrective move - "Shorter" leg on the chart, which is against the current trend. Candlestick size is usually smaller because of traders taking profits, without strong pressure

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE BLURT!