Elliott Wave with Why

       In Elliott Wave Theory, a three-wave corrective pattern is a counter-trend movement that follows a five-wave impulsive pattern. These corrective waves serve to adjust prices and balance the market before the next impulsive wave. Here's a detailed explanation of the structure and characteristics of a three-wave corrective pattern:   Structure of a Three-Wave Corrective Pattern A three-wave corrective pattern is labeled as A-B-C and typically involves the following components: 1. **Wave A:**    - **Direction:** Moves against the direction of the previous impulsive wave (e.g., downward in an uptrend).    - **Characteristics:** Wave A is the first move of the correction and is often sharp and significant. It can take the form of either an impulse wave or a leading diagonal. 2. **Wave B:**    - **Direction:** Moves in the direction of the original trend (e.g., upward in an uptrend).    - **Characteristics:** Wave B is a ...

  Corrective waves are essential components of Elliott Wave Theory, representing the counter-trend movements that occur within the larger trend. They typically consist of three sub-waves and can take various forms. Understanding their characteristics helps traders anticipate potential reversals and corrections. Here are the main characteristics of corrective waves:   General Characteristics 1. Three-Wave Structure:    - Corrective waves generally consist of three sub-waves labeled A, B, and C.    - This pattern can sometimes extend into more complex structures like double or triple threes. 2. Counter-Trend Movement:    - Corrective waves move against the direction of the preceding impulse wave.    - In an uptrend, corrective waves move downward. In a downtrend, they move upward. 3. Lower Momentum:    - Corrective waves typically have lower momentum and volume compared to impulse waves.    - Price movements are often c...