Wave colors (Descending order of degree) Waves Font Style Waves Font Size

BLACK ALGERIAN 12
BLUE ALGERIAN 12
RED ALGERIAN 12
GREEN ALGERIAN 12
BROWN ALGERIAN 12
PINK ALGERIAN 12
BLACK ARIAL 8
required)
(If
Minor

BLUE ARIAL 8
Waves

RED ARIAL 8
GREEN ARIAL 8
Impulse Waves Corrective Waves
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 ACTIVITY 1

This is a monthly chart of EURUSD. Label the

three major waves within correction by dragging
A,B and C to their respective positions.
 Label the
by dragging
sitions.
 ACTIVITY 1 SOLUTION
The trick as a retail trader is to ask yourself
whether the last subwave in each corrective
wave was a 5-wave affair which marks the
end to each corrective wave.

ACTIVITY 2

Label the subwaves of each corrective wave.

k yourself
corrective
marks the
e.

tive wave.
 WAVE A
Wave A was a 5-wave affair. N
wave 4 reversed near the star
wave 1. Hence not violating
wave principle
 WAVE B
Wave B was a 3-wave Affair. As we have studied, the trick
is to notice the five-wave count within the last subwave
(Or subwave C) of wave B to confirm its termination.

WAVE A WAVE C
Wave A was a 5-wave affair. Notice how price of Wave C always consists of 5-subwaves irrespective of the
wave 4 reversed near the starting price region of correction type.
wave 1. Hence not violating the rule 3 of the
wave principle.

ACTIVITY 3
NAME THE CORRECTION TYPE?
pective of the

E?
 ACTIVITY 3 SOLUTION

It is a irregular ZigZag correction as it

unfolded into 5-3-5 pattern. It is complex
because wave B was also as it travelled
above the starting point of A.
on as it
complex
ravelled
A.