The theory maintains that markets move in repetitive fractal patterns, where each complete cycle consists of eight waves: five in the direction of the main trend (impulsive) and three in the opposite direction (corrective). Wave C, being the last component of the ABC correction, offers opportunities to enter positions favorable to the resumption of the major trend.
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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.