Practical Exercise - Identify Impulse and Corrective Moves

6 août 2017

Market moves can generally be categorised as either an IMPULSE move or a CORRECTIVE move.

A fast and strong move is described as an IMPULSE move.

A slow and weak move is described as a CORRECTIVE move.

Practical Exercise

1) Pick any currency pair, any timeframe, and identify the IMPULSE and CORRECTIVE moves on the chart.

2) Draw a line on the IMPULSE move; draw a box on the CORRECTIVE move.

3) Post your chart on the comment section below.

4) Repeat this practice on 2 other currency pairs.

*Refer to the first comment below for a sample of this practical exercise.

6 août 2017

Note